Thailand Payroll Statutory Update – Social Security Contribution Rate
9 Sep 2020
Thailand Payroll Social Security Contribution Rate Update
This is to inform that there is a revision on Thailand Payroll Social Security Contribution rate with the following details below.
The rate that is changing is for payroll of September’20 – November’20.
- The new Employer Social Security contribution rate is 2% (the current rate is 5%)
- The new Employee Social Security contribution rate is 2% (the current rate is 5%)
The capping of salary with minimum and maximum amount is unchanged.
You may find the links below from the Social Security Office for your reference.
Please note that the announcement on the Social Security Office’s website is only available in Thai at the moment.
Contact us for more information.