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Oman Introduces New Employment Security System

23 September 2020

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Approved Changes

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Oman

Oman's Ministry of Justice and Legal Affairs has published Royal Decree 82/2020 of 17 August 2020, which provides for the introduction of a new Employment Security System that is essentially an unemployment insurance system for Omani nationals whose jobs have been terminated. As part of the funding for the system, both employers and employees are required to make contributions equal to 1% of the monthly salary, with the employee contribution withheld by the employer. Payments for the contribution are due by the end of the month by public sector employers and by the 15th of the following month by private...