Payroll Services in Saudi Arabia
Manage your payroll calculations accurately without dealing with unnecessary math and manual filling. Our solution is all you need to streamline the payroll operations of your business. From multi-currency management and automated paychecks to custom reports, we will take over your payroll process, so you never have to worry about it again.
Make payroll as simple as possible for your business. Get in touch with us, and we’ll incorporate automation into your payroll processes. Our experts will curate a payroll solution that will work seamlessly with your existing payroll program to offer a better experience to your employees, saving you money and time in the process.
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How do we work?
Our 3 step process
Establishing Payroll Policy
Conducting Input Validation
Calculating Payroll
Providing Report
Handling Payroll Accounting
Collecting Input
Making Pay-outs
Maintaining Statutory Compliance
STAGE 1
pre-payroll activities
STAGE 2
actual payroll process
STAGE 3
post-payroll activities
How do we work?
Our 3 step process
- STAGE 1
Pre-Payroll Activities
Establishing Payroll Policy
Conducting Input Validation
Collecting Input
- STAGE 2
Actual Payroll Process
Calculating Payroll
- STAGE 3
Post-Payroll Activities
Providing Reports
Handling Payroll Accounting
Making Pay-outs
Maintaining Statutory Compliance
Why Partner
with Us
INNOVATIVE AI & CLOUD BASED TECHNOLOGY
BOTS ENABLED
SERVES MULTI GEOS, CURRENCY & ESTABLISHMENTS
ANYTIME IN-HAND SYSTEM REPORTS
SEAMLESS & CUSTOMISED INTEGRATION
100% COMPLIANCE AS PER LOCAL GOVERNMENT LAWS
REPORTING
TASC CORPORATE
END-TO-END ASSISTANCE FOR PAYROLL MANAGEMENT IN SAUDI ARABIA
Administering accurate, compliant, and timely payroll management in KSA demands a thorough understanding of reporting, local tax, compensation, and employment requirements. At TASC Corporate, we provide the best payroll services in Saudi Arabia with in-country expertise and support, ensuring that your employees always get paid compliantly, correctly, and on time. If you’re looking for payroll for small businesses in Saudi Arabia, our consultants are here for you.
Payroll Process
In Saudi Arabia
Phase #1 | Pre-payroll
Business Setup - The organisational policies must be clearly established and communicated
Business Profile - You must register the business, and apply for a tax identification number register for VAT if applicable.
Work Location - It is important to form a structure for all the wok locations in Saudi Arabia.
Leave Policy - A leave policy is crucial.for the business because employees have the right to have days off.
Attendance Policy - An attendance policy must be devised because it will help in calculating payrolls.
Statutory Components - Compliance with all laws and regulations surrounding employee rights and benefits is mandatory.
Salary Components - All components such minimum wage, social insurance, and additional perks, must be defined.
Pay Schedule - Having a structure for the payment schedule is necessary.
Employee Information - The best payroll services in Saudi Arabia will gather employee information, such as legal name, department, address, etc., to process payroll.
Business Setup - The organisational policies must be clearly established and communicated
Business Profile - You must register the business, and apply for a tax identification number register for VAT if applicable.
Work Location - It is important to form a structure for all the wok locations in Saudi Arabia.
Leave Policy - A leave policy is crucial.for the business because employees have the right to have days off.
Attendance Policy - An attendance policy must be devised because it will help in calculating payrolls.
Statutory Components - Compliance with all laws and regulations surrounding employee rights and benefits is mandatory.
Salary Components - All components such minimum wage, social insurance, and additional perks, must be defined.
Pay Schedule - Having a structure for the payment schedule is necessary.
Employee Information - The best payroll services in Saudi Arabia will gather employee information, such as legal name, department, address, etc., to process payroll.
Phase #2 | Payroll
Phase #3 | Post-payroll
Payroll Accounting - A record of transactions is essential, an this is where accounting will come into play.
Salary Payments - Regular salary payments to corporate banks are made using a software solution.
Payroll Compliance and Reporting - Report of payroll data is necessary for compliance.
Payroll Accounting - A record of transactions is essential, an this is where accounting will come into play.
Salary Payments - Regular salary payments to corporate banks are made using a software solution.
Payroll Compliance and Reporting - Report of payroll data is necessary for compliance.
Components of Payroll
in Saudi Arabia
Let’s take a look at some of the components that payroll companies in Saudi Arabia are expected to manage
- COMPENSATION - On April 25, 2021, the Saudi Arabian government increased the minimum monthly salary from 3,000 SAR to 4,000 SAR. However, private companies aren't subject to this requirements
- WORKING HOURS – Workers receive their pay either monthly or weekly. Employees are expected to work 48 hours a week or 8 hours a day. The work hours are reduced to 36 hours a week and 6 hours a day during the month of Ramadan. All government and most private establishments consider Friday and Saturday the official weekend.
- OVERTIME LAWS – Employees working for more than the standard weekly or daily working hours will receive extra pay, which is usually an additional 50% of their usual salary, along with the basic hourly earnings.
- SICK LEAVE – Payroll for small businesses has to take sick leaves into consideration, which is typically up to four months for employees in Saudi Arabia. Though it is paid, the compensation reduces with the increasing number of days.
- PARENTAL LEAVE – Female employees receive up to 10 weeks of paid maternity leave, which can be taken four weeks before the expected delivery date. However, it would depend on how long the employee has been working in the organization. Employees who have been part of the company for three years or more are eligible to receive 100% pay during leave. Fathers in Saudi Arabia receive only one day of paternity leave on the day of having the baby. Public Holidays – Payroll companies in Saudi Arabia must consider public holidays while processing salaries. There are around six national holidays in the nation, but some of them go up to 12 days. Some of the major holidays include the Islamic New Year, the Day of Arafah, Eid Al Adha, Eid Al Fitr, Al-Yawm-Al-Watani, and Yawm-Al-Taasis.
- PAYROLL TAXES – Employees with personal income don’t have to pay payroll tax, especially when making their sole living in Saudi Arabia. Although, resident employees are required to remit a 10% social security deduction. It is apart from a 2% deduction on unemployment insurance and pension. Some of the other taxes are for Social Security (GOSI), Pension Contributions and Unemployment Insurance (SANID), Occupational Hazard Insurance, and Corporate Income. Payroll outsourcing services in Saudi Arabia would deduct all these taxes from employees' base salary.
WHY CHOOSE US FOR PAYROLL
MANAGEMENT IN KSA?
We streamline your payroll processes for better efficiency
With deployment of necessary software and infrastructure, we take ober your payroll process immediately
Seamless collaboration
Immediate updates on rules and guidelines
Experienced team of chartered accountants and accounting professionals
We take the utmost precaution to make sure your employee data is kept safe and secure with professional-level privacy software
No investment in expensive encryption and accounting software
In-depth local knowledge in payroll management
100% compliance, no issues in the future
We streamline your payroll processes for better efficiency
With deployment of necessary software and infrastructure, we take ober your payroll process immediately
Seamless collaboration
Immediate updates on rules and guidelines
Experienced team of chartered accountants and accounting professionals
We take the utmost precaution to make sure your employee data is kept safe and secure with professional-level privacy software
No investment in expensive encryption and accounting software
In-depth local knowledge in payroll management
100% compliance, no issues in the future
WHAT MAKES US
STAND OUT
Quick roundabout time and reliable delivery
Established presence
Flexible solutions
Up-to-date compliance
Whether you’re a start-up with few employees or a big corporation with several thousands of employees, you can stay assured that our customized payroll outsourcing services in Saudi Arabia will take care of your specific needs.
If you wish to learn more about our payroll outsourcing services in Saudi Arabia, get in touch with us today!
