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Notification of the Wage Committee Subject: Minimum Wage Rate for B.E. 2560 (2017)
Summary：
According to this Notification, the Wage Committee has resolved to increase the minimum wage rate for sixty nine (69) provinces divided into four (4) groups. In group one (1), the minimum wage rate will not be increased. In group two (2) – four (4), the minimum wage rates will be three hundred and five (305), three hundred and eight (308) and three hundred and ten (310) baht per day respectively. However, the Ministry of Labour will take the resolution of the Wage Committee to the Minister of Labour before proposing to the cabinet for consideration and approval, in order to announce to be effective as of 1 January B.E. 2560 (2016) onwards. The details of the increased minimum wage rates are as follows:-
| Groups of Provinces | The increased amount (Baht) |
Number of Provinces | Provinces |
|---|---|---|---|
| Group 1 | － | 8 | Singburi, Chumphon, Nakhon Sri Thammarat, Trang, Ranong, Narathiwas, Pattani and Yala |
| Group 2 | 5 | 49 | Provinces other than provinces in Group 1, 3 and 4 |
| Group 3 | 8 | 13 | Khonkaen, Nakhon Ratchasima, Prachinburi, Chonburi, Rayong, Suratthani, Songkhla, Chiangmai, Saraburi, Chachoengsao, Krabi, Pangnga and Ayutthaya |
| Group 4 | 10 | 7 | Bangkok, Nakhon Pathom, Nonthaburi, Pathumthani, Samutprakarn, Samutsakorn and Phuket |
Remark：
The minimum wages rate means the minimum amount of money which an employer has to pay to an employee for one day in normal working hour, even, an employer may assign an employee to work less than normal work hour. The minimum wage rate shall apply to any employee, regardless of gender, age, race or nationality. An employer who pays wage lower than these rates, must increase the wage in accordance with the rate prescribed in each area.
If a foreigner wishes to submit an application for an extension of one-year business visa, Thai employees in the company which the foreigner would like to work, shall have income not lower than the minimum wage rate prescribed by the law declared in PND.1 return (Personal Income Tax Return), otherwise, the Immigration Bureau will not extend the one-year business visa of the foreigner.
Value Added Tax Rate Deduction
Since economy is slowing down, National Council for Peace and Order therefore issues the Order of the Head of National Council for Peace and Order No. 65/2559, Subject: Value Added Tax Rate Deduction (announcement of Government Gazette on 3 November B.E. 2559). It is announced that the rate of value added tax is still be 7 percent for one year as of 1 October B.E. 2559 until 30 September B.E. 2560.
Index of legal movement in relation to business
Interested tax news
Royal Decree Issued under the Revenue Code Governing Exemption from Value Added Tax (No.617 B.E. 2559
Royal Decree Issued Under the Revenue Code Governing Exemption from Revenue Taxes (No. 618) B.E. 2559
Royal Decree Issued under the Revenue Code Governing Exemption from Revenue Taxes (No. 619) B.E. 2559
Royal Decree Issued under the Revenue Code Governing Deduction of Wear and Tear and Depreciation of Assets (No.620)
Explanation of the Department of Business Development
Meeting of Registered Partnership, Limited Company, Limited Public Company, Trade Association and Chamber of Commerce via Electronic Media under the Notification of National Council for Peace and Order No.74/2557, Subject: Meeting via Electronic Media Dated 27th June B.E. 2557
Gor.Khor.0706/Por./6060 Date: 26th June, 2003
Value added tax in case of issuing credit note