Page 94 - Introduction to Investment Laws in Thailand

4.1.10 Employee Welfare Fund
All employees of businesses with at least ten employees and which
do not have a provident fund shall be member of the Employee Welfare
Fund. Such Fund is established to compensate the employees who resign,
are laid off or die in service. Both employer and employee will be required
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to contribute to this fund .

4.2 Social Security
The Social Security Act of 1990, as amended in 1994, 1999, and 2015,
requires that the employers, employing at least one employee who is 15
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to 60 years old , file an employer registration form and an injured
registration form to the Social Security office within 30 days from the
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date on which employees have become injured person .
The Social Security Act sets up a Social Security Fund, and the
contribution comes from employers, employees, and the government. The
Act requires that the employers withhold social security contributions
from the monthly wage of each employee. The prescribed rate is currently
5% for the first 15,000 THB salary. The employer is required to contribute

the same amount to the Social Security Fund. Contribution from employer
and employee must be remitted to the Social Security office within the
th
15 day of the following month.
If an employer fails to pay wage in due time, the employer has the
duty to pay a contribution to the Social Security Fund as if there was a
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payment of wages .
In the case where an employer fails to pay the contributions, whether
the employer’s part or the employee’s part, in due time, the employer shall
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be subject to an additional payment of 2% per month .

122 Section 130 Labour Protection Act
123 Section 33 Social Security Act
124 Section 34 Social Security Act
125 Section 47 Social Security Act
126 Section 49 Social Security Act

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