Business Resources

Thailand Payroll Statutory Update – Social Security Contribution Rate

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.

  1. The new Employer Social Security contribution rate is 2% (the current rate is 5%)
  2. 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.
https://www.sso.go.th/wpr/Upload/sso/2020-09-049979.jpg
https://www.sso.go.th/wpr/Upload/sso/2020-09-049758.jpg

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.