Overview

Capital Bangkok

Currency Thai Bhat

Date Format d/m/yyyy

calendar icon Public holidays calendar

Taxes

Employer 1.50% - Sickness, Maternity, Disability & Death
3.00% - Child Allowance & Old-Age
0.50% - Unemployment

Employee 5.00% - Up to 30,000
10.00% - 30,000 - 500,000
15.00% - 500,000 - 750,000
20.00% - 750,000 - 1,000,000
25.00% - 1,000,000 - 2,000,000
30.00% - 2,000,000 - 5,000,000
35.00% - Over 5,000,000

Termination

Termination Process Employers must provide notice in advance of, or on the date that salary is paid. The folowing salary payment date becomes the effective date of termination. 30 days is expected, but not mandetory.

Advance Notice Employers must provide notice in advance of, or on the date that salary is paid. The folowing salary payment date becomes the effective date of termination. 30 days is expected, but not mandetory.

Severance Pay Severance entitlement grows the longer employed with a company: * 30 days wages in the first year * 90 days wages from years 1-3 * 180 days wages: from years 3-6 * 300 days wages: from years 6-10

Mandatory Benefits

Pension Fund Employers contribute 3% of workers wages, Employees contribute an additional 3%, and the Government contribute 1% of wages.

Social Security Social security includes contributions to funds for sickness, maternity, disability, death, child allowance, and unemployment. Employers and employees contribute 5% of workers wages.

Minimum Wage

General Minimum wage per month is 308THB to 330THB daily

Working Hours

General Fulltime employment is considered 48 hours weekly, and 8 hours daily.

Overtime Overtime must be conscented to ahead of time, and cannot exceed 36 weekly.

VAT

General 7% standard rate.

Payment

Payroll Frequency Salaries are paid either on weekly, bi-weekly or monthly basis. Paydays are decided internally between the employee and employer, but are most commonly paid on the 27th.