In May 2021, the Thai government announced two new measures to assist employees and employers during the on-going COVID-19 pandemic, including a reduction in social security contributions.

Measure 1

On Tuesday 18 May 2021, the cabinet approved a temporary reduction in Social Security Fund contributions for both employees and employers from June to August 2021. Contributions have been reduced from 5% to 2.5%, based on wages capped at 15,000 baht. Therefore, both employees and employers will make contributions of between 41 to 375 baht.

Measure 2

On Monday 24 May 2021, the Royal Thai Government Gazette published a notification extending the deadline for filing monthly withholding income tax returns (Form P.N.D.1) electronically for June and July 2021 to August 2021.

For more information on coronavirus support measures for employers and employees, visit the activpayroll latest news page.

For more information on the Thai tax and payroll landscape, browse activpayroll’s Global Insight Guide to Thailand.

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