Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 3 - Jul/Aug/Sep 2021
 

Social Security Fund Contributions Reduced for Further Three Months Due to COVID-19 Outbreak

On 27 September 2021, the Royal Gazette published "Ministerial Regulation Prescribing the Social Security Fund Contribution Rate B.E. 2564 (2021)" to officially announce that the employers' and the employees' contributions to the Social Security Fund will be reduced from 5% to 2.5% of the employee's monthly wages (with the limit of THB 375 each month) for a further three months from 1 September until 31 November 2021. 



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

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