What is Social Security in the context of GCC countries?
Social Security benefits are provided to employees in GCC countries (UAE, Oman, Kuwait, Bahrain, Saudi, and Qatar) by their respective governments. Each GCC country has its own policies and regulations regarding social security and employee benefits.
If your organization is based in the UAE but has employees from other GCC states, it is essential to consider the social security regulations of the employee’s respective country to accurately calculate their pension.
Here are the list of social securities we support in Zoho Payroll for the GCC member states as of now:
Authority | Employees’ Contribution | Employer’s Contribution | Can be renewed at the start of the fiscal year? | Applicable for Citizens of |
---|---|---|---|---|
General Pension And Social Security Authority (GPSSA) | 5.00% | 12.50% | Yes | UAE |
Abu Dhabi Retirement Pension and Benefit Fund (ADRPBF) | 5.00% | 15.00% | Yes | Applicable for UAE Citizens working in Abu Dhabi |
General Organization for Social Insurance (GOSI) | 9.00% | 9.00% | Yes | Saudi Arabia |
Social Insurance Organization (SIO) | 7.00% | 12.00% | Yes | Bahrain |
Public Authority for Social Insurance (PASI) | 7.00% | 10.50% | Yes | Oman |
Public Institution for Social Security (PIFSS) | 7.50% | 11.00% | Yes | Kuwait |
General Retirement and Social Insurance Authority (GRSIA) | 7.00% | 14.00% | Yes | Qatar |