Thailand

Last Update by Julie, 24 Dec 2024

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Exchange Rate

22 Jan 2025

 

Cost of Living

Indicative value for a working adult in a city: Bangkok

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (THB)
McDonalds Set Meal 200
Monthly Train and Bus Tickets 1,200
3 Bedrooms Rental (City Center) 58,350
3 Bedrooms Rental (Outskirt) 31,750

Current Inflation Rate

0.43%

Wage

Minimum Wages

  • Minimum wage per region THB328-354 per day, or THB9,000-10,000 per month.

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (THB)
Entry-Level
Fresh Graduate
 9,000
Mid-Level
5 Years
 17,000
Experienced & Managerial Level
10 Years
 25,000
Specialized & Senior-Level
15 Years
 60,000

Annual Salary Growth

4%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Social Security Fund 5%, capped at TBH750 5%, capped at TBH750 All staff
Work Injury 0.2% - 1% - All staff, varies by risk
Disability Fund THB100.38 - All staff

Other Benefit

Other common employment benefits in Thailand include:

  • Additional medical and dental insurance: About THB40,000/year
  • Provision Fund: volunteer contribution for both employee and employer
    1st 3 years: 3%
    Year 4-6: 5%
    Year 7-9: 7%
    year 10 onwards: 10%

Income Tax

Residents

  • Tax Period: 1 Jan till 31 Dec
    Tax filing start date: 1 Feb of the following year
    Tax filing due date: 31 Mar of the following year

Country Level

Taxable Income Rate
0 - 150,000 0%
150,000 - 300,000 5%
300,000 - 500,000 10%
500,000 - 750,000 15%
750,000 - 1,000,000 20%
1,000,000 - 2,000,000 25%
2,000,000 - 4,000,000 30%
> 4,000,000 35%

Non-residents

  • Same rate to tax-residents, but only subject to the income from Thailand

Working Hours

Statutory

48 hours
8 hours a day, 6 days a week

Overtime

The maximum number of overtime is 36 hours a week

  • Monday to Friday: 150% of hourly regular pay
  • Saturday/rest day: 200% of hourly regular pay
  • Public Holidays: 300% of hourly regular pay

Employment Contract

Permanent

Contract Format

Written in Thai or other languages are permitted and issued before employment begins

Payroll Currency

THB

Probation

Up to 119 days

Contract Period

No minimum duration

Termination

Refer to the employment contract signed

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation No specific statutory notice period, common practice is 1 day As per the termination letter in writing or email As per the termination letter in writing or email
Notice Period - Regular 30 days As per the termination letter in writing or email As per the termination letter in writing or email
Severance Pay No Applicable unless specified in the contract or if the termination is considered unfair under labor laws Over 120 days- 1 year service: 30 days’ wages

1 year - under 3 years' service: 90 days’ wages

3 - 6 years' service: 180 days’ wages

6 - under 10 years' service: 240 days’ wages

Over 10 years' service: 300 days’ wages
Over 120 days- 1 year service: 30 days’ wages

1 year - under 3 years' service: 90 days’ wages

3 - 6 years' service: 180 days’ wages

6 - under 10 years' service: 240 days’ wages

Over 10 years' service: 300 days’ wages

Public Holiday

19 days

Country Level

Date Name
01 Jan New Year's Day
12 Feb Makha Bucha Day
06 Apr - 07 Apr Chakri Day
13 Apr - 15 Apr Songkran
01 May Labor Day
04 May - 05 May Coronation Day
11 May - 12 May Visakha Bucha Day
03 Jun Queen Suthida's Birthday
10 Jul Asahna Bucha Day
28 Jul King Vajiralongkorn's Birthday
12 Aug The Queen's Birthday
13 Oct Anniversary of the Death of King Bhumibol
23 Oct Chulalongkorn Day
05 Dec King Bhumibol's Birthday
10 Dec Constitution Day
25 Dec Christmas Day
31 Dec New Year's Eve

State/Province Level

TH-91

Date Name
29 Jan Chinese New Year

Leave

Leave Type Entitlement Notes
Annual Leave 6 working days All staff with 1 year service
Sick Leave Unlimited, but only 30 days per year are fully paid by employer All staff with a medical certificate
Maternity Leave 90 working days

First 45 days – 100% of basic salary pay by the employer

Subsequent 45 days – 50% of basic salary pay by Social Security Fund 		Expectant mothers
Military Service Leave up to 60 days

100% pay by employer 		All staff
Training Leave (Unpaid) Depends on days of the trainings All staff attending training/ development of knowledge and skills in accordance with procedures prescribed in the ministerial regulations
Personal Bank/Business Leave Up to 3 days per year

100% pay by employer 		All staff

Reference

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