Everything employers need to know about social insurance contributions, payroll obligations, and employment compliance.
Register all employees with GOSI within 30 days of hire. Provide CPR/passport, job title, salary, and contract start date.
Calculate and remit GOSI contributions by the 15th of each month. Late payments incur a 1% monthly penalty.
Report any salary changes within 7 days. Annual salary declarations must reconcile with payroll records.
All salaries must be paid through the Wage Protection System (WPS) via approved banks. Non-compliance triggers LMRA sanctions.
Deregister departing employees within 7 days. Calculate end-of-service benefits: half-month salary per year (first 3 years), one month per year thereafter.
Fines for delayed employee registration with GOSI. Retroactive contributions may also be required.
1% monthly penalty on overdue contributions. Accumulated penalties can become significant over time.
Declaring lower salaries to reduce contributions is auditable and carries both fines and retroactive assessments.
Not paying through WPS can result in work permit suspension, CR freeze, and LMRA blacklisting.
We handle payroll setup, GOSI registration, WPS configuration, and ongoing compliance monitoring.
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