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Thai Government Announces Plans for SMEs 泰國政府推出中小企業振興方案

On October 15, 2021, Ministry of Labour in Thailand announced a new project that there would be compensation for SMEs employees for 3,000 baht per person, which will last for 3 months. The purpose of the project is to promote and maintain employment levels in small and medium-sized enterprises, and exempt corporate income tax based on the amount of compensation.


Following is detail of the promotion:


1. The employer must be a private company in the social security system.


2. Must have no more than 200 employees in all branches as of October 16, 2021


3. Must register from October 20, 2021 to November 20, 2021.


4. An employer is required to maintain an employment level of at least 95% during the participation of the program.


5. If there are more hires (as of November 16, 2021), the subsidy will be increased according to the actual amount of employment, but the amount is no more than 5% of the total number of Thai employees who are the target group of the project at the wage is not lower than the minimum wage rate of each province according to the Wage Committee's announcement.


6. Employer approved to participate in the program


6.1. Employers must pay wages not lower than the minimum wage rate of each province as announced by the Wage Committee.


6.2 Employers must remit social security contributions through the Social Security Administration's E-service by the 15th of the following month to receive subsidies in this scheme.


6.3 Employer's request for a subsidy must not cause the employer to delay the payment of wages to the employee.


6.4 For transparency, the officer can verifiable in the employee-employer relationship, requiring the implementation of monitoring and auditing of employers' employment.


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