GOSI under the new Social Insurance Law (from 3 July 2024)

Since release 1.20.2 MEGA distinguishes three cases instead of one rate for all Saudis:

Under the new law the pension rate for each side steps up by payroll month: 9% (Jul 2024 – Jun 2025), 9.5% (Jul 2025 – Jun 2026), 10% (Jul 2026 – Jun 2027), 10.5% (Jul 2027 – Jun 2028), then 11% from July 2028 — plus SANED 0.75% each and 2% hazards on the employer. For example, in August 2027: employee 11.25%, employer 13.25%.

What you need to do

1. Open each Saudi employee’s file → “Edit details” → the GOSI section.

   

2. Enter the “Date of first GOSI registration (first time ever)” — MEGA picks the scheme automatically. Or set the “GOSI scheme” by hand: automatic / new law / previous law.

3. Save, then in “Payroll” press “Recalculate” for the current month if it is not approved.

4. Review the rates table under “Settings” → “Payroll & GOSI”: it comes pre-filled (from date | employee pension % | employer pension %) and you can edit it if GOSI announces a change.

   

Where the rates show

• Payslip: the GOSI line shows the rate and scheme (e.g. “10.75% — new law”).
• Printed register: an “Applied GOSI rates” line per scheme with its headcount; the payroll screen shows employee and employer rates under the amount.
• GOSI reconciliation (Government files → GOSI) uses the same calculation, and difference notes mention the scheme and rate.