Official Press Release of Financial Chain Corporation. We are entirely responsible for all of the content and its accuracy and are ready to disclaim or correct any wrong or scammy information we are answerable for. Do not hesitate to contact us if you have any questions, please.
January 10, 2023 – A CEO LUNCH TO BE HELD IN PRAGUE
Financial Chain Corporation and the Caspian Energy Club are to hold a CEO Lunch with participation from different areas of business. You will get the opportunity to introduce yourself and your company, as well as make new connections at this event…
January 11, 2023 – A YEAR OF COOPERATION BETWEEN FCHAIN AND CASPIAN ENERGY
After becoming a member of the Caspian Energy Club, Financial Chain Corporation became one of the closest partners of the CEC, realizing sponsorship and organizing joint events.
…FCHAIN highly evaluates the cooperation with the CEC and other companies and is certain that strong and deep cooperation may only lead to the development and success of organizations.
January 12, 2023 – HOLIDAYS AND DAYS OFF IN KAZAKHSTAN FOR 2023
Article 1 of the Law of the Republic of Kazakhstan about the holidays (national, public, professional, and other holidays) celebrated in the country (amended on September 29, 2022) determines the legal basis of the holidays in the country.
…Article 5 of the corresponding law on national and public holidays is recognized in the Labour Law of the Republic of Kazakhstan. The holidays are non-working days in the country. Should the holidays fall on weekends, an additional rest day is added to the day off…
The Czech government should not yet set a date for adopting the euro, according to a document submitted to the cabinet by the Finance Ministry and the Czech National Bank (ČNB). The Czech Republic will not meet any of the Maastricht criteria for joining the Eurozone this year or next.
…The issue has divided politicians and experts. The TOP 09 party, which is part of the government coalition, in July urged adopting the euro as soon as possible to boost the economy. Michal Skořepa, an economic analyst at Česká spořitelna, in June said that the Czech Republic’s independence from the eurozone may be a bonus in retaining foreign investor confidence…
January 13, 2023 – KAZAKHSTAN: NEWS AND ACCOUNTING ACTIVITIES, JANUARY 2023
KAZAKHSTAN: NEWS AND ACCOUNTING ACTIVITIES, JANUARY 2023
- Some limits on social taxes and contributions have been changed in 2023, stay tuned with FChain for details;
- A new detailed CIT table is applied from January 1, 2023…
Other activities in the area of primary documentation’s check-up/collection, reconciliation acts and matching of electronic invoices on state portal with 1C or other software; daily bookkeeping activities.
January 16, 2023 – MINIMUM WAGE INCREASE IN AZERBAIJAN
According to the Decree of Ilham Aliyev, President of the Azerbaijan Republic dated January 5, 2023, on “Additional Measures in the field of Improving the Social Welfare of the Population”, guided by Paragraph 32 of Article 109, the minimum monthly wage was increased to 345 AZN (15%) and the minimum pension to 280 AZN (16.7%) in Azerbaijan as of January 1, 2023, to mitigate the consequences of inflation in the country, as one of the important priorities of the social and economic policies to strengthen the social protection of the Azerbaijani population…
January 13, 2023 – LAW REGULATING REMOTE WORK COMES INTO FORCE IN KYRGYZSTAN
On January 11, 2023, the Law “On Amendments to the Labour Code of the Kyrgyz Republic” came into force. The law introduces the concept of remote work. According to an employment contract, the parties can discuss working conditions, labour protection, working hours, and rest time (as part of the requirements of the Labour Code), as well as compensation for the use of employees’ equipment.
… Early in 2020, the IBC Committee on Human Resource Management developed new norms in labour legislation aimed at regulating the work of remote workers within the framework of a working group under the Labour Ministry…
January 19, 2023 – PIKASOLA WIND TURBINE GENERATORS AT FCHAIN PREMISES
Social and environmental problems are paid a lot of attention by Financial Chain Corporation as the main priority globally. The company decided to switch to green energy according to the strategic plan and made an important choice in favour of the company by getting an efficient Pikasola Wind Turbine Generator 12V400W with a 30A Hybrid Charge controller, a Solar and Wind Charge Controller that can add max 500W Solar Panel for 12V Battery…
The nature of all countries provides opportunities for getting green energy, including Azerbaijan. Instead of polluting the environment and causing climate change, all countries have to use green energy for their energy needs. So, let us use green energy for fresh air, clean water, and soil. By protecting the environment from pollution, we protect our lives.
January 20, 2023-INCREASE OF MINIMUM WAGE BY 55% FOR 2023 IN TURKEY
According to the decision of the Minimum Wage Determination Commission, the minimum wage has been raised in Turkey. The Decision of the Commission was published by the Ministry of Labour and Social Security in the Official Gazette dated December 29, 2022…
Besides, according to the decision, the minimum wage support given to employers will be 250 TL from January to June 2023.
The President of Turkey stated that the minimum wage might be hiked again within the year, if necessary.
BAHRAM BAGHIRZADEH’S BOOKS TO BE PUBLISHED IN THE CZECH LANGUAGE
Bahram Baghirzadeh, a member of the Club of the Cheerful and Sharp-witted (CCS ) team “Guys from Baku,” an Honoured Artist of the Azerbaijan Republic, opens his books to the Czech Republic. He has recently signed an agreement with Financial Chain Corporation, and the Czech side has expressed the desire to publish the books of the Azerbaijani author. Mr. Baghirzadeh’s books will be published in the Czech language in Prague. “Baku for children,” “Shusha for Children,” and “Christian Temples of Azerbaijan” are among these books. The author wanted the Czech children to get acquainted with the history and traditions of the ancient cities of Azerbaijan and learn interesting things about our country.
January 25, 2023 -PAYROLL PARAMETERS IN TURKEY
Payroll is the process by which an employer pays his/her employees. It consists of the list of workers, calculation of the employee’s pay and work hours, distributing the salary on time, and recording the payroll expense.
This procedure is usually the same in all companies and countries, with some slight differences.
… TOTAL COST OF EMPLOYEE TO EMPLOYER Gross salary 10.008 TL Social Security Premium Employer’s allocation (15%)** 1.501,2 TL TL Unemployment Insurance (2%) 200,16 TL TOTAL COST 11.709,36 TL
This is applicable to single employees, but for other employees, the calculations differ.
Financial Chain Corporation became the main sponsor of the Azerbaijan Athletics Federation. FCHAIN has carried out negotiations for cooperation, all agreements in principle were reached and the company aims to support young sportsmen in various events and hold sponsorship in the country and abroad. FCHAIN is a company discovering and supporting talented adolescents and teenagers believing in their successful future. The hashtag “#Betterfuture with healthy youth” is our slogan…
January 30, 2023 -AN AWARD FOR CONTRIBUTION TO AUDITING
Azad Sadikhov is an auditor of Financial Chain Corporation who has been working for our company since March 2002. We are happy that his professional ability has been highly evaluated recently.
On December 29, 2022, Mr. Sadikhov was awarded the merit button badge of an “Honorary Auditor” for his meritorious contribution to the development of auditing activities and the profile rising of auditors, initiated by the Chamber of Auditors of the Republic of Azerbaijan…
January 30, 2023 – CIT CHANGES IN KAZAKHSTAN
Amendments were made to the Tax Code on the calculation of CIT
(Law of the Republic of Kazakhstan dated December 21, 2022 No. 165-VII ZRK)
From January 1, 2023…
- Non-commercial organizations exclude from their total annual income the mandatory expenses of the owners of apartments, non-residential premises of a multi-apartment residential building, aimed at accumulating money for capital repairs of the common property of the condominium object.
- The CIT deduction for the amount of expenses for contributions to the social health insurance fund is made by the taxpayer not for paid, but for accrued contributions, by analogy with social contributions…
