Thailand

Last Update by Julie, 27 Jan 2025

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Exchange Rate

17 Apr 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 1,300
3 Bedrooms Rental (City Center) 58,150
3 Bedrooms Rental (Outskirt) 29,360

Current Inflation Rate

1.23%

Wage

Minimum Wages

  • The minimum wage ranges from THB337 - THB400 per day, depending on the province.

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
 40,216
Mid-Level
5 Years
 67,183
Experienced & Managerial Level
10 Years
 72,619
Specialized & Senior-Level
15 Years
 107,991

Annual Salary Growth

4.9%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Social Security Fund 5%, 5%, All staff and capped at THB15,000 per month.
Provident Fund 2% - 15% 2% - 15% All staff
Work Injury 0.2% - 1% (varies from risk classification) - All staff
Disability Fund THB102.50 - All staff

Other Benefit

Other common employment benefits in Thailand include:

  • Additional medical and dental insurance: About THB40,000/year
  • Meal Allowance

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%
150,001 - 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%
Above 5,000,000 35%

Non-residents

  • Individuals who stay in Thailand for no more than 180 days in total are classified as non-tax residents and are required to pay income tax only on income earned within Thailand, at the same tax rates applicable to tax residents.

Working Hours

Statutory

8 hours/day, 48 hours/week (6 days a week)
7 hours/day, 42 hours/week (6 days a week - hazardous industry)

Overtime

Limit: ≤ 6 hours/day, ≤ 36 hours/week

  • Weekday: 150% of hourly regular pay
  • Weekends (overtime 8 hours/day): 200% of hourly regular pay
  • Public Holidays: 300% of hourly regular pay

Employment Contract

Permanent

Contract Format

Written contract in Thai or bilingual Thai and English

Payroll Currency

THB

Probation

Up to 119 days

Contract Period

No minimum duration

Termination

During the contract period, either voluntary resignation or involuntary resignation is possible. If the reason for dismissal is not recognized by law, the employee may receive additional compensation

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation No specific statutory notice period, common practice is 1 day up to 3 months up to 3 months
Notice Period - Regular up to 3 months up to 3 months up to 3 months
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

22 days

Country Level

Date Name
01 Jan New Year's Day
12 Feb Makha Bucha Day
30 Mar End of Ramadan
06 Apr - 07 Apr Chakri Day
13 Apr - 15 Apr Songkran Festival
01 May Labor Day
04 May - 05 May Coronation Day
11 May - 12 May Visakha Bucha Day
02 Jun - 03 Jun Queen Suthida's Birthday
10 Jul Asahna Bucha Day
28 Jul King Vajiralongkorn's Birthday
11 Aug - 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
Maternity Leave 90 working days
All female staff
Paternity Leave 15 days All male staff
Military Service Leave up to 60 days

All male staff

Reference

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