Gibson Watts Global: PEO & EOR Services

THAILAND PEO & EOR

Hire in Thailand without a local entity today

As a Global PEO & EOR service provider, we pride ourselves on our global reach, in-country knowledge, and ability to swiftly and efficiently mobilize workers around the world. Our robust PEO/EOR covers everything from global HR, payroll, compliance, in-country support, immigration, visas, and more.

Get started and hire in Thailand today with Gibson Watts Global.

DID YOU KNOW
  • Thailand has been known as ‘Siam’ for different points throughout history. Up until 1939, and between 1945 and 1949, the nation took this name.
  • The official name of Thailand’s capital city Bangkok is ‘Krung Thep Mahanakhon Amon Rattanakosin Mahinthara Ayuthaya Mahadilok Phop Noppharat Ratchathani Burirom Udomratchaniwet Mahasathan Amon Piman Awatan Sathit Sakkathattiya Witsanukam Prasit.’
  • Rice is one of Thailand’s largest exports, and the nation is the world’s biggest exporter of it.

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THAILAND EOR Services

A welcoming economy with a large, competitive workforce

Working in THAILAND

Financial Year Dates

Thailand’s financial year for individual taxpayers runs from 1st January to 31st December.

Minimum Wage

The minimum wage varies across the provinces from 337 to 400 Baht per day.

Standard working hours

Thailand’s standard working hours are 40 hours per week, usually in the form of 8 hours a day for 5 days per week. These hours may vary depending on an individual’s specific employment contract, or the industry sector that they are operating in.

Overtime

Overtime pay is enforced by law and must be calculated at a higher rate than the employee’s regular pay. Typically, overtime is paid at 150% for any work carried out in addition to the employee’s standard 8-hour days. Any work carried out on holidays or rest days is paid at 300% of the employee’s standard rate.

Holiday Allowance

Employees in Thailand are entitled to a minimum of six days of annual leave following one year of completed continuous service. In general, most employers in Thailand offer more than the minimum annual leave requirement.

Sick Leave

The labour law in Thailand permits employees up to 30 days of sick leave per year. Employees are paid basic pay for sick leave and all absences must be approved by a supervisor. For sicknesses lasting three or more days, the employer may request a medical certificate.

Maternity & Paternity Leave

New mothers received 120 days at full pay for maternity leave paid for by their employer.

Paternity leave for employees working in the public sector are eligible for 15 days, paid paternity leave, plus an additional 15 days’ unpaid leave. In the private sector there is no mandatory law relating to paternity leave, however some businesses may offer it at their discretion.

Public Holiday

Thailand also observes a range of public holidays in which employees are not required to work. These public holidays include:

 

  • New Year’s Day
  • Māgha Pūjā
  • Chakri Memorial Day
  • Songkran
  • Labour Day
  • Coronation Day
  • Royal Ploughing Ceremony
  • Vesak
  • M Queen Suthida Bajrasudhabimalalakshana’s Birthday
  • Asalha Puja
  • Beginning of Vassa
  • King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua’s Birthday
  • Queen Sirikit the Queen Mother’s Birthday
  • King Bhumibol Adulyadej the Great Memorial Day
  • Chulalongkorn Memorial Day
  • Father’s Day
  • King Bhumibol Adulyadej the Great’s Birthday
  • Constitution Day
  • New Year’s Eve

Social Contributions

Thailand’s Social Security provides protection for employees in the event of any inability to complete work. The Social Security ensures that employees in Thailand are protected from loss of income due to sickness or disability.

The Social Security also covers child support, maternity, retirement, funeral and unemployment benefits.

All employees are required to contribute to a social security fund % of their salary (up to a maximum contribution of THB 750 per month). The employer and government are also required to contribute an equal amount.

Income Tax

Both residents and non-residents are liable to pay tax on their income. A resident is classed as any person living in Thailand for more than 180 cumulative days per calendar year.

A resident is taxed on income from all sources in Thailand and on any income brought into Thailand during the same year in which it is earnt.

A non-resident is only taxed on income from sources in Thailand.

Taxable Income (Baht)

Tax Rate %

1 – 150,000

Exempt

150,001 – 300,000

5%

300,001 – 500,000

10%

500,001 – 750,000

15%

750,001 – 1,000,000

20%

1,000,001 – 2,000,000

25%

2,000,001 – 5,000,000

30%

5,000,001 and above

35%

There are a number of taxable allowances deductions including: personal allowance, spouse with no income, children and insurances.

Health Care

Thailand’s Universal Healthcare Coverage (UHC) programme provides essential services to all Thai citizens though three different schemes:

  1. Welfare
  2. Social Security
  3. Universal Coverage Scheme

There are also private hospitals that are mainly in the larger cities, but these are expensive, so only really accessible to the wealthy.

Thailand is also known for its medical tourism.

Visas

Starting from 1st January 2025, visitors from around the globe can apply for a Thai e-Visa through the official website www.thaievisa.go.th. Previously, only travelers from select locations were eligible to apply online. The new expansion allows applicants from anywhere in the world to complete the entire visa application online.

Gibson Watts Global can also provide guidance on this process. An EOR can provide a payroll solution in Thailand so that workers can easily set up in Thailand and businesses can easily place workers in-country.

Cultural Information

Thailand’s culture combines a unique blend of monarchist and Buddhist customs, with contemporary practices and values. Politeness and building relationships are key elements of Thai business culture, and it is customary to have small talk and establish rapport before talking business.

Thailand is home to a population of around 70 million people, and the primary spoken language is Thai. Thai language has a variety of dialects including Central Thai, Isaan, Southern Thai, and Northern Thai, each spoken in different parts of the country respectively.

Buddhism is the prevalent religion of Thailand, with estimates placing around 95% of the population into this group.

Impacts from COVID-19

Thailand experienced major impacts to its economy and public health because of the COVID-19 pandemic. With tourism being a crucial industry for the Thai economy, the stopping of global travel had a significant impact on the country.

The Government of Thailand implemented a range of measures to slow down the spread of the virus. As of 2022 the nation’s GDP is expected to begin rebounding.

 

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