Saudi: GOSI to calculate subscription in days instead of months

The General Organization for Social Insurance (GOSI) made major amendments and additions in the registration and subscription regulation of the Social Insurance Law under which the updating of the wages of subscribers will be done on a monthly basis instead of the current annual basis. The subscription amounts will be calculated according to the number of working days of the subscriber in the firm.

GOSI will also calculate contribution rate of subscribers in terms of days instead of months. The new amendments will come into force from Feb. 1, 2022.

GOSI will also stop the annual wage update service so that contributions can be made on a monthly basis for all subscribers.

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