COVID-19 Relief Measures - guidelines for social security relief measures released
Tax & Legal News Flash Issue 73
The Ministry of Labour has released the Notifications of the Ministry of Labour to provide guidelines for the previously announced COVID-19 relief measures on the reduction of social security contribution rates and the extension of social security form submission and contribution remittance.
According to Notifications, the compulsory social security contribution rates of the employers and insured persons (employees) under Section 33 of the Social Security Act 1990 are reduced for the three-month salary cycles from March to May 2020. The reduced rates will apply to each employee’s monthly salary but not exceeding the maximum salary of Baht 15,000 per employee per month. A summary of the reduction are as follows:
and May 2020
If the contributions are over-remitted, the employers or insured persons can request a refund from the related Social Security Office.
The Ministry of Labour has also announced the extension of deadlines for employers to submit compulsory social security forms and remit contributions to the Social Security Office. Effective from 16 April 2020, the submission deadlines are extended as summarized below.
|Eligible month||Normal deadline||Extended deadline|
15 April 2020
15 July 2020
15 May 2020
15 August 2020
15 June 2020
15 September 2020
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