Thailand: Three-month reduction of social security rates (COVID-19)

A three-month reduction of the social security contribution rates in 2021

A three-month reduction of the social security contribution rates in 2021

A regulation from the Ministry of Labour provides guidelines about a further three-month reduction of the social security contribution rates in 2021—relief offered in response to the coronavirus (COVID-19) pandemic.

Thus, the social security contribution rates for employers and employees are to be reduced for three-monthly salary cycles from June 2021 to August 2021. 

The effective date of the regulation is 1 June 2021.

Read a June 2021 report [PDF 92 KB] prepared by the KPMG member firm in Thailand

 

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