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Oman Introduces New Employment Security System

|Approved Changes|Oman
Oman

Oman's Ministry of Justice and Legal Affairs has published Royal Decree 82/2020 of 17 August 2020, which provides for the introduction of a new Employment Security System that is essentially an unemployment insurance system for Omani nationals whose jobs have been terminated. As part of the funding for the system, both employers and employees are required to make contributions equal to 1% of the monthly salary, with the employee contribution withheld by the employer. Payments for the contrib…

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