Le­gal Up­dates: Re­cent Le­gal Changes Af­fect­ing Busi­ness

So­cial Se­cu­rity Con­tri­bu­tion Pay­ment through Elec­tronic Chan­nels

Thai-American Business (T-AB) Magazine - - Contents -

The So­cial Se­cu­rity Of­fice has de­vel­oped an elec­tronic pay­ment sys­tem by part­ner­ing with ex­ter­nal units in pro­vid­ing pay­ment and re­ceiv­ing ser­vices, so that em­ploy­ers and in­sur­ers are fa­cil­i­tated with con­ve­nience and speed, and are not re­quired to visit the So­cial Se­cu­rity Of­fices. There is also a sys­tem to val­i­date in­for­ma­tion to re­duce risks and pre­vent cor­rup­tion or mis­takes oc­cur­ring dur­ing re­ceiv­ing and pay­ing money. The ini­tia­tive aligns with the gov­ern­ment’s poli­cies in de­vel­op­ing Thai­land’s pay­ment chan- nels to be­come elec­tronic ( e- pay­ments). As of June 2, 2016, em­ploy­ers are able to choose from var­i­ous pay­ment meth­ods for pay­ing so­cial se­cu­rity con­tri­bu­tions.

Pay­ment can be made at bill pay­ment coun­ters in three banks, in­clud­ing Krung Thai Bank, Krungsri Ayud­hya Bank and Thanachart Bank. Once pay­ment is made, the em­ployer will im­me­di­ately re­ceive a re­ceipt. Em­ploy­ers can also pay by e- pay­ment meth­ods through seven banks in­clud­ing Citibank, Mizuho Cor­po­rate Bank, Krungsri Ayud­hya Bank, Su­mit­omo Mit­sui Bank­ing Cor­po­ra­tion, Siam Com­mer­cial Bank, Kasikorn Bank and Krung Thai Bank. Em­ploy­ers can regis­ter to pro­vide in­for­ma­tion on con­tri­bu­tions via the So­cial Se­cu­rity Of­fice’s web­site at www. sso. go. th, and can open a sav­ings ac­counts in ad­di­tion to mak­ing pay­ments through elec­tronic chan­nels at the listed banks. Once paid, the re­spec­tive banks will post the re­ceipt to the em­ployer.

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