GOSI cuts Saned subscriptions to 1.5% from 2%

13/01/2022 Argaam

Logo of GOSI  

The General Organization for Social Insurance (GOSI) said that subscriptions to the unemployment insurance (Saned) were reduced from 2% to 1.5% of wage, effective from Jan, 1, 2022. 

 

It will be equally paid by a subscriber and an employer.

 

The subscriber and employer will each cover 0.75% of new subscriptions, instead of 1% each earlier. The collection mechanism will remain unchanged.

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