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SALARY PAYMENT IN Thai baht (THB, ฿)
CONTRACT LANGUAGES Thai / English
PAYROLL TAX 5.2% – 6%
PAYROLL CYCLE Monthly
TIME TO HIRE 12 hours
Hire and pay talents
with Horizons in
180+ countries
Thailand
The Thai healthcare system is known as the Universal Coverage Scheme (UCS) and was implemented by the Thai Government in 2002. Healthcare is provided to Thai citizens and residents through three different schemes. This is the public system, the Civil Service Medical Benefit Scheme (CSMBS), and the Social Security Scheme (SSS). Private healthcare providers complement the three schemes.
The public system provides basic health service coverage for all Thai citizens that are not covered by social security contributions by private employees and employers. Some of the disadvantages of the public system in comparison to the private healthcare services, is that wait times can be slow, some equipment is out of date, assignment to specific hospitals, can be extremely expensive if you require more extensive treatments. The private system is made up of a range of private hospitals and clinics that offer more advanced diagnostics, treatments, and services. The UCS is funded by the Thai government.
In Thailand, pensions from employment come in two forms, The Provident Fund and from severance pay. For those to be eligible for old-age benefits, the will need to have contributed to the social security fund for a minimum of 180 months over their employment years and be over the age of 55. They will receive 20% of their average
Those who have contributed to social security for at least 3 months within the last 15 months are eligible to receive disability benefits in the amount of 50% of their average salary for their whole life and medical reimbursements. Eligible reimbursements are determined by the Thai Medical Committee.
There are specific criteria that individuals must meet to receive unemployment benefits.
Your business can easily hire employees in Thailand without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
In Thailand, employees can receive benefits that sickness, maternity, death, child/children, old age, and unemployment if they contribute to social security for varied amount of time. All Thai citizens, regardless of employment has access to basic healthcare services as part of the UCS.
Horizons does not provide any benefits that are mandatory contributions by employers in Thailand, but they can help with contract drafting, onboarding, employment management, annual taxation reports and extra private health insurance as part of their contracts.
Headquarters
71 Robinson Road #13-153
Singapore 068895
+65 3158 1382
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Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
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Austin, Texas 78704
+1 (737) 265-6065
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Headquarters – Singapore
71 Robinson Road #13-153
Singapore 068895
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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