General Retirement and Social Insurance Authority (GRSIA)
The General Retirement and Social Insurance Authority (GRSIA) in the State of Qatar, oversees the administration of retirement and social insurance benefits for employees. Employers using Zoho Payroll must understand GRSIA to ensure compliance and provide employees in Qatar with essential benefits.
GRSIA is responsible for managing retirement and social insurance systems that safeguard employees' financial well-being, particularly during their retirement and in times of need. As an employer, here are key points to consider:
Mandatory Contributions
Both employers and employees are obligated to make monthly contributions to GRSIA. These contributions are calculated based on the employee’s salary through Zoho Payroll, ensuring accuracy.
| Authority | Employees' Contribution | Employer’s Contribution | Can be renewed at the start of the fiscal year? | Applicable for Citizens of |
|---|---|---|---|---|
| General Retirement and Social Insurance Authority (GRSIA) | 5.00% | 10.00% | Yes | Qatar |
Benefit Entitlements
GRSIA provides a variety of benefits, including retirement pensions, disability benefits, and social security coverage. These benefits serve as a safety net for employees, offering financial support in various life situations.
Compliance and Reporting
Employers must stay compliant with GRSIA regulations. This involves reporting the maximum contributory wage for employees and updating any changes in employment status.Â
Configuring GRSIA in Zoho Payroll
Pre-requisite:
Ensure that you have created or imported employees who are Qatari nationals.
- Click Settings in the left sidebar of Zoho Payroll.
- Select Social Security.
- Click Edit in the General Retirement and Social Insurance Authority(GRSIA).
- Enter the Maximum Contributory Wage. This is the salary limit to which both employer and employee contribution rates apply.
- Choose the option to Postpone the updated GRSIA contributions due to Salary revisions to the next calendar year if you wish to delay deductions resulting from salary revisions until the following calendar year.
- Click Save.
Pro-tip:
View Salary Components Used for GRSIA Contributions
Understanding how the salary contributes to GRSIA is vital. Click the View Salary Components Used for GRSIA Contribution option to view the specific salary components is used to calculate the maximum contributory wage, providing transparency in the allocation of your salary towards GRSIA contributions.