Tax, social security, for WP

[Afsal]

Hello friends,

i am working with a company, salary 35,000.

how much is my Social security and Taxes, is there any other fees in every month i should pay?

Thank you

Afsal

[Tywais]

You can calculate your tax liability here - http://www.rd.go.th/publish/6045.0.html

35,000 x 12 = 420,000

-60,000 = 360,000 (deductions)

-30,000 = 330,000 (allowances)

//edit - recalculated

10,500 or 870B/month

Thai Tax Calculator spread sheet - http://www.thaitaxcalculator.com/

[Tywais]

The above was based on being single. Married + children will reduce it more plus life insurance payments if any.

Online calculator here - https://www.tiscoasset.com/en/asset/html/tax-calculator.jsp

[Afsal]

Thanks you so much Tywais

how about social security?

thanks again in advance

[Tywais]

Thanks you so much Tywais

how about social security?

thanks again in advance

Employees and employers are required to contribute to a Social Security Fund (‘SSF’) being 5% of salary up to a maximum of 750 Baht per month.

Believe employers are required to match the contributions of the employee. There may have been some changes from last year.

http://www.mazars.co.th/Home/Doing-Business-in-Thailand/Payroll/Personal-Income-Tax

[Tywais]

Social security act - http://duensingkippen.com/thailandbusinesslawblog/?p=200

[scorecard]

Social security act - http://duensingkippen.com/thailandbusinesslawblog/?p=200

A few companies also have compulsory 'Sports Day Fund' and similar compulsory deductions. Case by case.

[csabo]

I thought the minimum salary for a foreigner was 50k. Can someone enlighten me on the facts? Thanks.

[sunnyjim5]

I thought the minimum salary for a foreigner was 50k. Can someone enlighten me on the facts? Thanks.

Minimum salary for a "foreigner" depends on nationality.

A minimum salary requirement only has to be demonstrated if an extension of stay is applied for.

[Tywais]

I thought the minimum salary for a foreigner was 50k. Can someone enlighten me on the facts? Thanks.

There is no minimum salary for a work permit, it's immigration that has put that requirement in place for extension of permission of stay. Also, there is no minimum if teacher or academic though the op mentions 'company'.

http://www.thailandlawonline.com/thai-company-and-foreign-business-law/work-permit-for-foreigners-in-thailand

[Saigon]

Thanks you so much Tywais

how about social security?

thanks again in advance

It's 1,500B for social security in your case, and you pay 50% and your employer 50%,

so all you have to pay for it is 750B a month.