20 April 2020 – Reduced and deferred mandatory employee and employer contributions to social security fund

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Wage and income support
Sectors Involved: Business support
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Social Security Board implemented a reduction in the mandatory contributions to social security funds, reducing employer contributions to 5%, and employee contributions to 4%.

The Board also announced a deferral of all contributions for March, April and May by three months, with contributions resuming July 15.
Full details here: https://www.bangkokpost.com/thailand/general/1883650/social-security-fund-to-lend-helping-hand