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