Oman Social Protection Fund

New objects have been delivered to manage social insurance contributions due to the introduction of the Social Protection Fund (SPF) authority on 1st Jan 2024.

A new attribute is added to the Employer Social Insurance Details calculation card called SPF Scheme Start Period. This attribute is to be used to enable the SPF social insurance calculation by entering the period in which you want the calculation to start. Until that time the original social insurance calculation will continue.If payroll results exist for the period selected, or for any subsequent periods, then an error message will be generated.

Once the SPF Scheme Start Period has been entered the following calculation value definitions will be used to determine the rates:

  • Employee Insurance for Old Age Disability and Death Rate

  • Employee Insurance for Employment Security Rate

  • Employee Saving Fund Rate

  • Employer Insurance for Old Age Disability and Death Rate

  • Employer Insurance for Employment Security Rate

  • Employer Insurance for Work Injuries and Occupational Diseases Rate

  • Employer Saving Fund Rate (User entered rate)

In addition the appropriate elements and balances are available for each social insurance component of the Social Protection Fund.

Two new attributes are added to the Employee Social Insurance Details calculation card called Saving Fund to be Paid by Employee.and Saving Fund to be Paid by Employer. These attributes are to be used to enable the calculation of Saving Fund deductions when an employee has chosen to contribute to Saving Fund. If, as the employer, you are also going to contribute to Saving Fund for an individual employee ensure you have added the appropriate rate to the calculation definition Employer Saving Fund Rate.

Legislative compliance.

Steps to Enable

You don't need to do anything to enable this feature.