Reductions in the Social Security Fund contribution rates

Keywords: Mazars, Thailand, Payroll, SSF, Royal Gazette, SSO

11 June 2021

The latest temporary reduction in SSF contributions from 5% to 2.5% for both employees and employers is effective from June through August 2021.

If an employer has already submitted contributions at the normal rate of 5% for both employees and employers, the employer can reclaim any excess contributions from the SSO by taking the following steps:

• Prepare the following documents signed by the person authorized with the SSF:
  • Form SPS 1-23/1
  • Copy of the company affidavit (issued within the last 6 months)
  • Copy of the ID card/passport of the authorized person or attorney
  • Copy of Form SPS1-10 (cover and detail) with receipt
  • List of employees and contributions paid
• Submit all documents to the Bangkok SSO, the main provincial SSO or any branch.
• The excess contributions for both employers and employees, will be refunded by cheque payable to the employer.
• The employers should reimburse employees.

References: Office of the Official Information Commission

First reduction: Royal Gazette dated 13 April 2020

Second reduction: Royal Gazette dated 14 September 2020

Third reduction: Royal Gazette dated 30 December 2020

Fourth reduction: Royal Gazette dated 5 February 2021

Fifth reduction: Royal Gazette dated 28 May 2021