Thailand

Thailand Introduction

Thailand is a country in southeast Asia, bordered by Myanmar, Laos, Cambodia, and the Gulf of Thailand. Thailand has periodically alternated between democracy and military rule, and has a newly industrialized economy. The country also functions as an anchor economy for the neighboring developing economies of Laos, Myanmar, and Cambodia. Known for its temples, floating markets, biodiversity, and incredible street food, Thailand is a great place for remote workers.

EMPLOYER TAXES

5.2%-6% (estimated)

★  3% – Pension

★  1.5% – Health Insurance

★  0.5% – Unemployment

★  0.2%-1% – Work Injury

Employment Terms

The minimum wage in Thailand is around BHT 354 per day, and a standard workweek is 48 hours at 8 hours per day (6 days per week). Overtime work is regulated by the employment contract or collective agreements, and is paid between 150%-200% of the regular salary.

Types of Leave

Parental Leave

Pregnant employees are entitled to 98 days of paid maternity leave, paid at their full salary rate for 45 days by the employer, and 50% for the remaining days by social security. Employees in the private sector have no statutory paternity leave requirement, it is up to the discretion of the employer.

Sick Leave

Employees in Thailand are technically entitled to unlimited sick leave, but only the first 30 days are paid by the employer.

Paid Leave

Employees in Thailand are technically entitled to unlimited sick leave, but only the first 30 days are paid by the employer.

Termination Process

Process

The termination process is based on the labor law requirements for that industry, unless the employer can provide sufficient cause for dismissal without notice (such as misconduct).

Notice Period

Notice must be provided in writing, with a usual notice period of 30 days.

Severance Pay

Severance pay can be mandatory if applicable for employees who have worked at a company for at least 120 days, and the amount is determined by the employee’s length of time at the company:

Additional Information

N/A

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