Azerbaijan Tax Ministry Announces Proposal on Mandatory State Social Insurance Premium Rates for Individual Entrepreneurs

The Azerbaijani Ministry of Taxes Nov. 28 announced a proposal on mandatory state social insurance premium rates for individual entrepreneurs, effective Jan. 1, 2026. The proposal includes measures to: 1) set the premium rate at 2 percent of turnover, with a minimum of 60 Azerbaijani manats (US$35.29) and maximum of 400 manats (US$235.30); and 2) calculate the minimum and maximum premium rates as 15 percent of the monthly minimum wage rate and one time the monthly minimum wage rate, respectively, changed from 50 percent of the monthly minimum wage rate in the construction sector and 25 percent in other sectors, ...