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  • Starting a Business: Cost of Social Security Contribution

    April 15 2014

    Any employees between 15 to 60 years old and their employers must make monthly contribution to the social security. Now what are the exact costs of social security in Thailand?

    Note that due the economical crisis the rate of social security deduction has been reduced until the end of 2009. The normal rate of contribution shall be once again applicable from the 1st January 2009

    Monthly salary

    Reduced Rate

    Until end December 2009

    Normal Rate

    From beginning January 2009

    Employer

    3%

    Employee

    3%

    Employer

    5%

    Employee

    5%

    2,000 THB

    60

    60

    100

    100

    3,000 THB

    90

    90

    150

    150

    4,000  THB

    120

    120

    200

    200

    5,000 THB

    150

    150

    250

    250

    6,000 THB

    180

    180

    300

    300

    7,000 THB

    210

    210

    350

    350

    8.000 THB

    240

    240

    400

    400

    9,000 THB

    270

    270

    450

    450

    10,000 THB

    300

    300

    500

    500

    11,000 THB

    330

    330

    550

    550

    12.000 THB

    360

    360

    600

    600

    13,000 THB

    390

    390

    650

    650

    14,000 THB

    420

    420

    700

    700

    15,000 THB

    450

    450

    750

    750

    Above 15,000 THB

    450

    450

    750

    750

    Note that social contributions are calculated on a salary up to 15,000 THB. The part of the employee salary above 15,000 THB per month is not yet subjected to social security deduction.

     

    Note: This post is an excerpt of Rene Philippe Dubout next book: “How to Invest Safely Into Thailand” to be published in January 2010

    About the Author:

    The author Rene-Philippe DUBOUT is a lawyer since 1990 when he was admitted to Geneva bar (Switzerland). He practiced as a litigator there for 10 years until he moved to Thailand in 1999. In 2002 he founded with a group of Thai lawyers Rene Philippe & Partners Ltd a local law firm that specialized in Cross Borders Investments and Real Estate. He has been lecturing in several Thai Universities and a speaker to numerous conferences and seminars. He is the author of a must read book:”How to Purchase Real Estate Offshore Safely: The Case of Thailand”.

    http//:www.renephilippe.com

     

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