GOSI Legislative Updates

To ensure legislative compliance for the New Social Insurance Law, additional calculation values have been delivered to hold the new rates applicable to Saudi citizens hired on or after July 3rd, 2024 who have never registered for social insurance with either the current employer or a former employer. These rates increase from July 2025, onwards.

New Calculation Value Definitions Effective Date July 3rd, 2024

• M273 Eligibility Date: July 3rd, 2024
• Employee Annuities M273: 9%
• Employer Annuities M273: 9%

Note: As there is no change to the minimum or maximum salaries, Saned or Hazards, and they still apply irrespective of 'Date Registered for Social Insurance' no additional calculation value definitions are required,

In addition, the following date effective changes are delivered:

Employee Annuities M273

• July 3rd, 2025: 9.5%
• July 3rd, 2026: 10%
• July 3rd, 2027: 10.5%
• July 3rd, 2028: 11%

Employer Annuities M273

• July 3rd, 2025: 9.5%
• July 3rd, 2026: 10%
• July 3rd, 2027: 10.5%
• July 3rd, 2028: 11%

Note: If the 'Date Registered for Social Insurance' date on the Employee GOSI Details calculation card is null or before 3rd July 2024 the old scheme rates will be used, if it’s on, or after, 3rd July 2024 the new scheme rates will be used.

Ensure legislative compliance.

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