Oman Ministerial Decision No. 729/2024 On the Wage Protection System (WPS)

Abrogates

Oman Ministerial Decision No. 299/2023 dated 21/06/2023

Based on the Labour Law promulgated by Oman Sultani Decree No. 53/2023;

Oman Ministerial Decision No. 299/2023 on the establishment of the Wages Protection System; and

Based on the public interest requirements,

The following decision was issued:

Article 1

The Wages Protection System aims at monitoring the transactions of electronic disbursement of salaries of the private sector’s employees, in order to ensure the employer’s compliance with the transfer of the employees’ salaries into their accounts in any bank or financial institution that is subject to the control and supervision of the Central Bank of Oman, as per the amount agreed upon in the work contract and within the duration prescribed by law.

Article 2

The employer shall update the work contract in case a change is made to the salary of any employee, provided that the contract mentions the real salary of the employee.

Article 3