Reduction in Social Security Fund contributions
On 11 April 2022, a ministerial regulation on the reduction of Social Security Fund contributions was published in the Royal Gazette.
Keywords: Mazars, Thailand, Tax,Social Security Fund, Royal Gazette
12 May 2022
Under the ministerial regulation, the rates for Social Security Fund contributions will be reduced from 5% to 1%, based on wages being capped at THB 15,000, for both employees and employers, from May to July 2022.
Want to know more?
Jonathan Stuart-Smith Tax Partner Bangkok
Tax
Tax consulting services Thailand