From September to November 2021 included, the monthly contributions to the Social Security Fund (SSF) are reduced to 2.5% (from 5%) of the employees’ base salaries for both employees and employers, capped at THB 375. For instance, with a salary of THB 40,000 / month:Employee’s monthly contribution: THB 375 (from THB 750)Employer’s monthly contribution: THB
Read More...From June to August 2021 included, the monthly contributions to the Social Security Fund (SSF) are reduced to 2.5% (from 5%) of the employees’ base salaries for both employees and employers, capped at THB 375. For instance, with a salary of THB 40,000 / month:Employee’s monthly contribution: THB 375 (from THB 750)Employer’s monthly contribution: THB
Read More...From February to March 2021 included, the monthly contributions to the Social Security Fund (SSF) are reduced to 0.5% (from 5%) of the employees’ base salaries for employees, capped at THB 75, and to 3% (from 5%) for employers, capped at THB 450. For instance, with a salary of THB 30,000 / month:Employee’s monthly contribution:
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From September to November 2020 included, the monthly contributions to the Social Security Fund (SSF) are reduced to 2% (from 5%) of the employees’ base salaries, capped at THB 300, for both employers and employees. For instance, with a salary of THB 30,000 / month:Employee’s monthly contribution: THB 300 (from THB 750)Employer’s monthly contribution: THB
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Among the series of measures announced by the Government to help companies affected by the economic consequences of the coronavirus, reduced Withholding Tax rates and Social Security contributions were implemented. From April 1, 2020 to September 30, 2020, the Withholding Tax (WHT) rate upon payment for professional services is down to 1.5% from 3%. Note
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