Social Security Fund Contributions Temporarily Reduced

The reduction in the Social Security Fund (SSF) rate contributions for both employees and employers has been published in the Royal Gazette. Some businesses will now need to request a refund from the Social Security Office.

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

15 April 2020

There is a temporary reduction in SSF contributions from 5% to 1% for employees and from 5% to 4% for employers from March to May 2020. Published in the Royal Gazette on 13 April 2020.

The deadlines for paying monthly contributions for March, April, and May have been deferred for three months. Therefore, the contributions for March must be paid no later than 15 July 2020. Published in the Royal Gazette on 10 April 2020.

If an employer has already submitted contributions at the normal rate of 5% for both employees and employers, the employer can claim any excess contributions back from the Social Security Office 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 Social Security Office, the main provincial Social Security Office 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.

Source: Office of the Official Information Commission