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“Standard and Poor’s” agency kept the international loan rating of Azerbaijan as stable in a special assessment***The Milli Majlis adopts a law on the execution of the state budget for 2016***Ministry of Finance recommends referring to official data in statements about IBA***

Information of the Ministry of Finance of the Republic of Azerbaijan To the attention of non-governmental organizations!

Information of the Ministry of Finance of the Republic of Azerbaijan
To the attention of non-governmental organizations!

12.01.2018

 

According to the Article 29.4 of the Law “On non-governmental organizations (social unions and foundations)” of the Republic of Azerbaijan, non-governmental organizations are expected to submit annual financial statements to the Ministry of Finance of the Republic of Azerbaijan until April 1.
The “Regulations on the form, content and submission of annual financial statements of non-governmental organizations” was approved with the Decision No. 201 of the Cabinet of Ministers of the Republic of Azerbaijan dated December 25, 2009.
According to the above decision, financial statements of non-governmental organizations include the followings:
1. Statement on financial status.
2. Statement on outcomes of financial activity.
3. Significant accounting policy and explanatory notes.
Besides, a separate reference form was approved on the lack of financial activity, so you are expected to fill-in only this form and submit to the Ministry of Finance if your organization has no financial activity.
Furthermore, the Ministry created an NGO reporting software for online submission of annual financial statements of non-governmental organizations. Non-governmental organizations can easily submit an online statement registering on the website www.qht-hesabat.maliyye.gov.az.
For further information, please contact the following phone number:
Phone: 404 46 99, extensions – 129 Sevinj Mammadova, 282 Elnara Kazimova,
469 Gunay Mammadova.