UAE: No fines for employers who missed pension due dates in October, November

A circular was sent to employers exempted in the federal, government and private sectors

Published: Tue 12 Nov 2024, 12:33 PM

Updated: Tue 12 Nov 2024, 9:37 PM

By
Web Desk

UAE-based employers are exempt from fines for late payment for pension and social security due for the months of October and November 2024, a UAE authority said on Tuesday.

The General Pension and Social Security Authority sent out a circular to exempt employers in the federal, government and private sectors from incurring fines.

Pension and social security contributions are due on the 1st of each month, however, these payments may be extended till the 15th of the month. Accordingly, the exemption period for employers to contribute payments for their employees has been extended to December 15, 2024.

This decision has been taken to lessen pressure on employers by extending the contribution payment deadline. The decision was released as appreciation to the support received by GPSSA’s strategic partners during the launch of the Ma’ashi platform – which consists of new and updated digital services and features for stakeholders.

The authority added that employers should complete their contribution transfers on the Ma’ashi platform in a timely manner, to avoid incurring financial consequences.

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