Reductions in the Social Security Fund (SSF) contribution rates

Reductions in the Social Security Fund (SSF) contribution rates for both employees and employers were published in the Royal Gazette on 13 April 2020, 14 September 2020, 30 December 2020, 5 February 2021 and 28 May 2021.

Keywords: Mazars, Thailand, SSF, Payroll, Royal Gazette, Social Security Office

10 June 2021

The latest temporary reduction in SSF contributions from 5% to 2.5% for both employees and employers is effective from June through August 2021.

If an employer has already submitted contributions at the normal rate of 5% for both employees and employers, the employer can reclaim any excess contributions from the SSO by taking the following steps:

  • Prepare the following documents signed by the person authorized with the SSF:
  • Form SPS 1-23/1
    • Copy of the company affidavit (issued within the last 6 months)
    • Copy of the ID card/passport of the authorized person or attorney
  • Copy of Form SPS1-10 (cover and detail) with receipt
  • List of employees and contributions paid
  • Submit all documents to the Bangkok SSO, the main provincial SSO or any branch.
  • The excess contributions for both employers and employees, will be refunded by cheque payable to the employer.
  • The employers should reimburse employees.

References: Office of the Official Information Commission

First reduction: Royal Gazette dated 13 April 2020

Second reduction: Royal Gazette dated 14 September 2020

Third reduction: Royal Gazette dated 30 December 2020

Fourth reduction: Royal Gazette dated 5 February 2021

Fifth reduction: Royal Gazette dated 28 May 2021