To support employers and enhance insurance compliance GOSI extends fine exemption initiative for additional six months

Ain Alalam – Rashad Iskandrni

The General Organization for Social Insurance (GOSI) has announced an extension of the fine exemption initiative for business owners. This extension grants an additional six months for business owners to pay outstanding late payment and violation fines in exchange for settling their due subscriptions to the organization.

Launched by GOSI in March, the initiative aims to help establishments mitigate the financial impacts of fines, correct their insurance status, and settle debts in order to enhance insurance compliance. It is part of GOSI’s efforts to support the business sector, encourage insurance compliance, and enhance customer satisfaction.

With a 100% exemption rate, the subscription amounts due to GOSI must be paid through Taminaty Business. This initiative includes all establishments with debts registered before March 3, 2024.

To introduce business owners to the initiative and the application process, GOSI held more than 25 workshops with various beneficiaries. These workshops provided a detailed explanation to business owners about fees arising from non-payment of monthly subscriptions, as well as fines due to insurance violations. Nearly 142,000 establishments applied for the initiative during the first 6 months. The initiative also includes establishments that have previously received an exemption or have entered into a prior instalment plan.

GOSI encourages all establishments and business owners to take advantage of the initiative and apply for fine exemptions before the end of the extension period