Thailand

Last updated on August 2nd, 2022

Country Highlights

Currency  

THB 

Payroll cycle 

Monthly 

Employer taxes  

5% - 6% 

Minimum wage 

330 THB – 370 THB depending on the region 

Working hours  

48 hours a week, 8 hours a day 

Latest HR Statutory Updates

DECEMBER 2024

  • Extended filing and tax payment deadline for taxpayers in flood-affected areas from 16/8/2024 - 26/12/2024

NOVEMBER 2024

  • Change in Social Security Fund Contribution and Submission Date due to severe flooding

  • Special Public Holidays for the year 2025 and 2026

OCTOBER 2024

  • Public Holidays for 2025

AUGUST 2024

  • Personal Income Tax Exemption Increased for Severance Pay provided due to termination – Now Gazetted

JULY 2024

  • Personal Income Tax Exemption Increased for Severance Pay provided due to termination

FEBRUARY 2024

  • e-filing File specification for PND1

JANUARY 2024

  • A tax deduction for individual taxpayers of up to 50,000 baht when purchasing goods or services between 1 January and 15 February 2024

December 2023

  • No Statutory Updates

November 2023

  • No Statutory Updates

October 2023

  • No Statutory Updates

SEPTEMBER 2023

  • No Statutory Updates

AUGUST 2023

  • No Statutory Updates

JULY 2023

  • No Statutory Updates

JUNE 2023

  • No Statutory Updates

MAY 2023

  • A service channel for paying the Social Security Fund has been introduced

APRIL 2023

  • No Statutory Updates

MARCH 2023

  • No Statutory Updates

FEBRUARY 2023

  • Announcement for Thailand Special Public Holiday

JANUARY 2023

  • A Tax Deduction for Individual Taxpayers of up to 40,000 baht When Purchasing Goods or Services Between 1 January and 15 February 2023

DECEMBER 2022

  • No Statutory Updates

NOVEMBER 2022

  • No Statutory Updates

OCTOBER 2022

  • No Statutory Updates

SEPTEMBER 2022

  • Reduction in the Social Security Rate of Contributions

  • Change in Minimum Wages in Different Provinces in Thailand

AUGUST 2022

  • No Statutory Updates

JULY 2022

  • No Statutory Updates

JUNE 2022

  • No Statutory Updates

MAY 2022

  • No Statutory Updates

APRIL 2022

  • Reduction in Social Security Fund May 2022 – July 2022

MARCH 2022

  • No Statutory Updates

FEBRUARY 2022

  • No Statutory Updates

JANUARY 2022

  • No Statutory Updates

DECEMBER 2021

  • No Statutory Updates

NOVEMBER 2021

  • The Revenue Department upgrades the filing and payment services. New e-Filing online tax payment service starting October 6, 2021

  • Extension for the reduction in Social Security Fund September – November 2021 – Gazetted.

OCTOBER 2021

  • No Statutory Updates

SEPTEMBER 2021

  • Extension for the reduction in Social Security Fund September – November 2021.

AUGUST 2021

  • No Statutory Updates

JULY 2021

  • No Statutory Updates

JUNE 2021

  • No Statutory Updates.

MAY 2021

  • Reduction in Social Security Fund.

APRIL 2021

  • No Statutory Updates

MARCH 2021

  • Songkran Holiday extended to six days

  • Student Loan Deduction through Payroll

FEBRUARY 2021

  • Tax filing deadline extensions

  • Reduction in Social Security Fund

  • Reduction in Social Security Fund

JANUARY 2021

  • Personal Income Tax Form PND 91 & Appendix for Severance Payment Form for the Year 2020 (2563)

DECEMBER 2020

  • Cabinet backs 8 special holidays

  • Reduction to Social Security Fund contribution rates to 3% from January 2021 – March 2021

NOVEMBER 2020

  • No Statutory Updates

OCTOBER 2020

  • No Statutory Updates

SEPTEMBER 2020

  • Thailand Official Public Holiday 2021

  • Cabinet cuts social security contributions to 2% from September – November 2020

AUGUST 2020

  • No Statutory Updates

JULY 2020

  • Tax Deduction for Health Insurance Premiums Increased

JUNE 2020

  • Super Savings Fund Extra (SSFX)

MAY 2020

  • No Statutory Updates

APRIL 2020

  • Reduction in Social Security Fund Contributions – Covid 19

  • Revenue Department has extended the tax payment from 31 March to 31 August

  • Reduction in Social Security Fund Contributions – Covid 19

  • Communicable Disease Act 2558 BE impact on employee and employer during Covid – 19 Pandemic

MARCH 2020

  • Super Saving Funds to replace Long-term equity funds (LTFs) and New conditions for retirement mutual funds (RMFs) gazette

  • Extension of deadline for filing annual personal income tax return

FEBRUARY 2020

  • No Statutory Updates

JANUARY 2020

  • Personal Income Tax Form PND 91 & Appendix for Severance Payment Form for the Year 2019 (2562)

  • Rise in Minimum Wage for 2020

  • New conditions for retirement mutual funds (RMFs)

  • Super Saving Funds to replace Long-term equity funds (LTFs)

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