The Thailand’s Social Security contribution rates for 2012 has announced the following rates to deduct from the employees’ salary for monthly social security contribution and the company will have to pay the same amount to the Social Security Office:
For January to June 2102, the social security deduction rate is 3% with the maximum deduction of Baht 450. (That means if the employee makes more than 15,000 a month, the company only has to deduct 450 from his salary).
For July to December 2012, the rate is 4% with the maximum deduction of Baht 600.
It should be noted that the rate used in 2011 was 5% with the maximum deduction of Baht 750.
Contact MSNA for further assistance and information on Social Security and Thailand Labour matters.