Fri, October 15, 2021

in-focus

Cabinet okays reduction in social security contributions


The Cabinet on Tuesday approved reduction in social security contributions to Bt75 for two months.

The meeting approved measures to help the insured under Section 33 as proposed by the Ministry of Labour by reducing contributions to the Social Security Fund on the part of employees from 3 per cent, or contributions up to Bt450, to 0.5 per cent, or contributions up to Bt75, for two months (February - March)

Employers will still send their 3 per cent contribution to the Social Security Fund or up to Bt450 for three months (January - March).

Published : January 26, 2021

By : The Nation