Thailand temporarily reduces
social security contributions
by
Stephen Frost, Bangkok International Associates
In Thailand, every employer and employee is liable to pay monthly contributions to
the Social Security Fund, which provides benefits to employees who suffer injuries at
work, and upon retirement and the occurrence of other events. The employer is
obligated to deduct the employee’s contribution from wages, and remit this and the
employer’s own contribution to the SSF every month.
In the aftermath of damage caused to businesses by flooding during the latter part of
2011, the government has announced that social security contributions due from each
party will be temporarily reduced during 2012, as follows:
Period
Social security contributions payable,
as percentage of wages
3% from each party as follows:
1 January – 30 June 2012

0.5% to the fund for accidents,
illness, childbirth, disability and
death,
 2.0% to the fund for child and
elderly support, and
 0.5% to the fund for
unemployment.
1 July-31 December 2012
4% from each party as follows:

0.5% to the fund for accidents,
illness, childbirth, disability and
death,
 3.0% to the fund for child and
elderly support, and
 0.5% to the fund for
unemployment.
From 1 January 2013
©
5% from each party as usual
2012 Stephen Frost, Bangkok International Associates
Bangkok International Associates is a general corporate and commercial law firm.
For further information on our services, please email Stephen Frost at
sfrost@bia.co.th or phone (66) 2 231 6455.
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©
2012 Stephen Frost, Bangkok International Associates
Bangkok International Associates is a general corporate and commercial law firm.
For further information on our services, please email Stephen Frost at
sfrost@bia.co.th or phone (66) 2 231 6201/6455.
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