Taqaud Plus Additional Social Insurance

Use the Taqaud Plus Details calculation card component, in the Employee GOSI Details calculation card, to configure employee and employer contribution rates for the optional Taqaud Plus savings scheme. The payroll calculation uses the GOSI Base and the entered employee or employer Taqaud Plus rate.

Delivered Taqaud Plus, Employee Taqaud Plus Contributions, and Employer Taqaud Plus Contributions elements support the payroll calculation and retain the resulting employee deduction and employer contribution amounts.

Supports organizations in administering optional Taqaud Plus savings contributions and optional employer matching through Saudi Arabia payroll processing.

Steps to enable and configure

Navigation: My Client Groups > Payroll > Calculation Cards 

1. Add the delivered Taqaud Plus Details calculation card component to the employee’s GOSI details calculation card, effective from the required date.
2. Enter the Employee Taqaud Plus Rate and Employer Taqaud Plus Rate values that apply to the employee.
3. Associate the delivered Taqaud Plus element with the calculation card component so payroll can calculate the contributions.

Tips and considerations

The calculation card component isn’t created automatically. Add it to the Employee GOSI Details calculation card effective from the required date.