ARTICLE
21 May 2021

Thailand Announces Social Security Assistance For Third Wave Of COVID-19

TG
Tilleke & Gibbins

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Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 190 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia.
Due to the resurgence of COVID-19 in Thailand since March 2021, the Cabinet has approved new reductions in employers' and employees' mandatory contributions to the Social Security Fund (SSF).
Thailand Coronavirus (COVID-19)

Due to the resurgence of COVID-19 in Thailand since March 2021, the Cabinet has approved new reductions in employers' and employees' mandatory contributions to the Social Security Fund (SSF).

Contribution rates will be calculated as a percentage of each employee's monthly wages, based on a minimum and maximum monthly wage that will be confirmed in the formal regulation published in the Government Gazette. Effective May 18, 2021, the new contribution rates for mandatory SSF contributions approved by the cabinet are as follows:

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The approval of the cabinet will now be considered by the Office of the Council of State. Thereafter, the new regulation will be published in the Government Gazette before formally coming into effect.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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