The Kingdom of Bahrain – Social Security Change
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The Social Insurance Organization (SIO) of Bahrain announced an increase in the contribution rates of Bahraini citizens employed in the Gulf Cooperation Council (GCC) region, in both the private and public sectors.
Effective January 2024, the employer contribution will be increased by 1% at the beginning of the year until the employer contribution is 17% in 2028, while the employee contribution will be remain unchanged.
The expected change is depicted in the table below:
Date | Employee rate | Employer rate | Total contribution |
---|---|---|---|
January 2023 | 7% | 12% | 19% |
January 2024 | 7% | 13% | 20% |
Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change
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The Kingdom of Bahrain - Social Security Contribution Rate for Bahraini citizen working in GCC834.27 KB