Jan 21, 2022 2 min read

Saudi Arabia Payroll Outsourcing Alert

Effective from 1 January 2022, the General Organization for Social Insurance (GOSI) announced changes to employee and employer contribution rates for the unemployment insurance law (SANED) GOSI component by reducing the total SANED contribution from 2% to 1.5%, with 0.75% being payable by both employer and employee. All other elements of the current GOSI contributions will remain unchanged.

Pending Changes:

In addition to the above change, the following additional pending changes are being considered by GOSI:

In accordance with the GOSI officials, the above pending amendments have not yet come into effect.

Mercans’ Saudi Arabia Payroll Outsourcing Solutions

While Mercans’ KSA Payroll Outsourcing alerts will allow you to stay on top the latest development in KSA’s payroll regulations, you should still get in touch with Mercans’ KSA payroll outsourcing, compliance, PEO/GEO and BPO specialists for a free consultation on setting up fully compliant payroll and HR functions. Better yet, outsource your payroll and HR activities in KSA to Mercans and our KSA payroll outsourcing experts will ensure that your employees will always be paid on time and in accordance with the KSA regulations.

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