Thailand: Social security-related relief (COVID-19)

Thailand: Social security-related relief (COVID-19)

The Ministry of Labor issued guidance with regard to social security relief measures in response to the coronavirus (COVID-19) pandemic.

1000

Related content

The relief measures include reduced rates for social security contributions and extension of time for submitting social security forms and for remitting social security contributions. The social security contribution rates (both the employer portion and the employee portion) are reduced for a three-month salary cycle from March to May 2020.

The deadline for social security forms due for March 2020 is extended to 15 July 2020 (from 15 April 2020). The deadline for April 2020 is extended to 15 August 2020 (from 15 May 2020). The deadline for May 2020 is extended to 15 September 2020 (from 15 June 2020).

Read an April 2020 report prepared by the KPMG member firm in Thailand

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal