Fusion Saudi Arabia Payroll - Social Insurance (GOSI) Saned Contributions Updated Effective January 2022
(Doc ID 2834146.1)
Last updated on JANUARY 21, 2022
Applies to:Oracle Fusion Global Payroll Cloud Service - Version 22.214.171.124.0 and later
Oracle Fusion Global Payroll - Version 126.96.36.199.0 and later
Information in this document applies to any platform.
The General Organization for Social Insurance has announced on January 13, 2022 that, effective 01/01/2022 the Social Insurance (GOSI) Saned contributions applicable will be:
- 0,75% contributed by employees
- 0,75% contributed by employers
The General Organization for Social Insurance announced the approval of amending the contribution rates in the unemployment insurance law "Saned", whereby it was approved to reduce the contribution rates to one and a half percent (1.5%) of the wage subject to contributions instead of two percent (2%). This rate shall be borne equally by both the beneficiary and the employer as of 01/01/2022.
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