Aqid ERPThe layers
Each row is employee / employer. Below KWD 1,500 that is 10.5 % for the employee and 11.5 % for the employer.
| Basic insurance, on salary up to KWD 1,500 | 5 % / 10 % |
|---|---|
| Supplementary insurance, on the part between KWD 1,500 and KWD 2,750 | 5 % / 10 % |
| Pension increase, up to KWD 2,750 | 2.5 % / 1 % |
| Financial reward, up to KWD 1,500 | 2.5 % / none |
| Unemployment insurance, up to KWD 2,750 | 0.5 % / 0.5 % |
Worked examples
| Salary KWD 1,200.000: employee | KWD 126.000 |
|---|---|
| Salary KWD 1,200.000: employer | KWD 138.000 |
| Salary KWD 2,000.000: employee | KWD 197.500 |
| Salary KWD 2,000.000: employer | KWD 230.000 |
When to pay
- The month's contributions are due at the start of the following month, on the next working day if that is a holiday.
- Paying more than ten days late adds 1 % a month.
- Not registering a worker within ten days of joining, or declaring a false salary, adds 10 %.
- Late data or forms cost 500 fils a day.
Expatriate staff
No PIFSS contribution. Their end-of-service indemnity under article 51 of the Labour Law is the employer's to pay when they leave.
How Aqid ERP handles it
Mark the employee Kuwaiti and Aqid ERP's payroll works out each layer against its ceiling, rounds each to the fils as the PIFSS statement lists them, and posts both shares.