Webinar Series 1: Payroll Journey - Thailand

In the month of May, AYP organised our first series of webinars which were centred around payroll regulations in various countries around the ASEAN Region. This included rules and regulations, statutory contributions and how JuzTalent can help companies in the various ASEAN regions with processing and organising their payrolls. This webinar series was hosted by experienced in-house AYP staff, who have extensive experience and knowledge in the payroll process. If you’ve missed out on this webinar but would like to find out more, then read on and be sure to be on the lookout for our other upcoming webinars.

For Thailand’s addition of the Payroll Journey, Webinar, Aranuch Pheunchob was the guest speaker. Aranuch is a HR and Payroll Consultant with some 15 years of experience in payroll, compensation and benefits. She oversees and directs payroll procedures and ensures compliance with all payroll laws and tax obligations.

Rules and regulations: In Thailand, salaries are paid once a month to permanent employees in Thailand either on the 25th,28th, or at the end of every month. As for part-time employees, company policy is adhered to. Alternatively, they can be paid either once or twice a month.

When incomplete months are worked, pro-rated salaries are paid to these employees. This is based on the number of days the employee had worked in that particular month. Overtime pay also has to be calculated correctly according to the day worked, be it an ordinary working day, or a holiday.

Finally, annual income of each employee has to be reported by the employer. This includes a summary report for both the total income and total income tax of employees. The wages calculation form also needs to be filled out for compensation funds.

Statutory Contributions: Statutory contributions in Thailand include the Social Security Fund (SSF) and the Provident Fund (PVD). Payments towards the SSF and all documents have to be submitted by every 15th of the subsequent month. Contributions to the PVD depends on the regulations of the company when this is set up with the fund management company. Documents and payments for this has to be submitted three days after salary is paid.

Taxes: Income tax has to be paid every month by employees in Thailand. Tax calculation is done at a progressive rate and depends on how much an employee earns every month. Deduction Tax Relief is also available for a variety of reasons such as personal expenses, spouse not earning any income or children.

 

How Can Juztalent Help? Juztalent’s payroll processing provides accuracy, efficiency and high levels of satisfactory customer service. Your statutory submissions are well taken care of, along with government claims such as maternity or sick claims, annual income preparation, punctual report submissions, updates on upcoming laws on taxes as well as social insurance and labour. JuzTalent ensures that your payroll is done accurately and that all legal taxes and submissions are appropriately and punctually taken care of.

 

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Free On-Demand WebinarsPowered by AYP Group

In this new addition of our webinar series, we will be discussing the detailed process by which businesses are set up in various locations across Southeast Asia! If you have been looking to expand your business’s horizons, then this is a good place to gather information! Sign Up Now, Limited Seats Available! 

*Webinar will be hosted via Zoom