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Thai Work Permits and Changes to Social Security Contributions

Transcript of the above video:

As the title of this video suggests, we are discussing Thai Work Permits and Social Security contributions. Now at first glance, Thai Social Security contributions do not appear to have any major impact on the Thai Work Permit process but as a practical matter they do have a substantial impact on Thai Work Permits because Social Security contributions of one's employees is a major factor in renewing Thai Work Permits and Thai Visas. For this reason I think it is good idea to go ahead and make this video. 

Recently, in an article from the Bangkok Post,, this article is titled: Cut Eyed for Worker SSF Portion. Quoting directly: "The Labor Ministry will seek Cabinet approval for a reduced contribution to the Social Security fund by employees from 3% to 0.5% in February and March to ease the financial plight of employees affected by COVID-19. Labour Minister, Suchart Chomklin, on Friday said the Board of the Social Security Office, SSO, this week decided on a 0.5% reduction in contribution to SSF by about 11 million employees insured under the Social Security Act 

For those who are unaware, those who want to maintain work status and visa status in association with a small business here in Thailand, generally speaking they need to maintain certain ratios of Thai employees to foreign employees within such a Company. This is very pertinent to Thai Work Permit Applications and maintenance of Thai Work Permit status here in the Kingdom of Thailand. 

Now at first glance what do the changes in percentage of withholding for Social Security have to do with the application process? Well it has to do with the fact that if one does not file their Social Security correctly and doesn't keep well abreast of Social Security matters, it can have implications down the road especially when they go to deal with extensions of their status here in Thailand because documentation pertaining to Social Security is part and parcel of the petition to extend one’s status. 

For this reason, it is a good idea to be well aware of this. If you have folks who are doing your accountants in house in your company or dealing with your payroll, dealing with this beforehand is a lot easier than finding yourself to be remiss with respect to documentation at a later time when you are looking to go ahead and obtain extension status with respect to dealing with your Work Permit renewal etc. Again it is a good idea to stay on top of this stuff so you don't have a problem down the road.