RIYADH: The General Organization for Social Insurance has announced an extension of the fine exemption initiative for business owners, granting them an additional six months to pay outstanding late dues and violation fines.
Launched by GOSI in March, the initiative aims to help establishments mitigate the financial impacts of fines, correct their insurance status, and settle debts, the Saudi Press Agency reported on Saturday.
It is part of GOSI’s efforts to support the business sector, encourage insurance compliance, and improve customer satisfaction.
With a 100 percent exemption rate, subscription amounts due to GOSI must be paid through Taminaty Business.
The 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.
The workshops provided detailed explanations 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 as part of the initiative during the first six months. The initiative also includes establishments that had previously received an exemption or entered into a prior installment plan.
GOSI encourages all establishments and business owners to take advantage of the initiative and apply for exemptions from fines before the end of the extension period.
