Webb2 mars 2024 · The Thai Labour Protection Act regulates the basic rights of employers and leave entitlement, compensation, overtime, work hours, fund contribution and how to terminate employees. An employer can terminate the employee’s employment contract with a statutory cause. WebbSection 1. This Act shall be called “the Provident Fund Act B.E. 2530”. Section 2. This Act shall come into force on and from the day following the date of its publication in the Government Gazette.**. Section 3. In this Act: “fund” 1 means a provident fund. “single fund” 2 means a fund established for employees of a single employer.
New rules for provident funds
Webb23 juni 2024 · On Tuesday (June 22), a 10-year Thai government bond yielded 1.66%, compared to over 4% about a decade ago, in July 2011. The pension fund also bet successfully on gold last year. It turned to the precious metal when the pandemic hit returns from both debt and equity and the US dollar slumped. http://thailawforum.com/database1/provident-fund-act.html tea time lawn care
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WebbIn general, provident fund consists of 4 parts. 1. Employee’s contribution: The amount of money that the member contributes to the fund which will be deducted between 2%-15% from employee’s monthly salary. 2. Employer’s contribution: The amount of money that the employer contributes to the fund each month. Webb24 jan. 2024 · The Thai Revenue Department allows an individual to claim personal allowances and deductions from net income after the deduction of standard expenses according to Thai tax laws. This can help individuals to minimize their tax liabilities by offsetting them against assessable income before calculating their tax liabilities. Webb10 nov. 2011 · In Thailand Provident fund is the fund voluntarily established by agreement of the employees and employer and registered under the Provident Fund Act B.E. 2530 to … spanish simple past tense