PwC Tax Insight PwC Tax Insight # 03/2012 TAX & LEGAL UPDATE

PwC Tax Insight # 03/2012
TAX & LEGAL UPDATE
TAX & LEGAL Services
Heading :
The following report
may be of interest to :
Summary :
Change in Thai Social Security Contribution R
Rates
All employers and employees in Thailand
By virtue of the Ministerial Regulation dated 6 January 2012, the contribution rates
to the Social Security Fund will be reduced from 5% to 3% and 4%
4%. Details of the
rates applicable for 2 different periods from January to June 2012 and July to
December 2012
2
are summarized below. These new rates will be applied to earnings
up to a maximum level of Baht 15,000 per month.
No.
Benefits
Contribution Rate 2012 (%)
January -June
July-December
0.50%
0.50%
1
Accident or injury, disability,
death, maternity
2
Child allowance and old age
pension
2.00%
3.00%
3
Unemployment (same rate)
0.50%
0.50%
3.0%
4.0%
Total contribution rate per month
For all employees earning in excess of Baht 15,000 per month, their contributions
will decrease from Baht 750 to Baht 450 per month for January through June 2012
and Baht 600 per month for July through December 2012.
PricewaterhouseCoopers (www.pwc.com)
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Effective from January 2013, the contribution rate to the Social Security Fund will
be resumed at 5%.
In the Southeast Asia Peninsula region,
which comprises Malaysia, Thailand,
Vietnam, Cambodia and Laos, over 3,000
people across these five countries share
knowledge, resources and experience to best
serve our clients' needs across the region.
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For further information, please contact:
Issued Date: 24 January 2012
- Prapasiri Kositthanakorn at email address: [email protected]
or Tel:
T + 66 (0)2 344 1228
- Jiraporn Chongkamanont at email address: [email protected]
Tel:: + 66 (0)2 344 1189
- Suppaluk Sudsawang at email address: [email protected] or Tel: +
66 (0)2 344 1206
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