Agreement has been reached, subject to Cabinet approval, for an increase in the minimum wage in 69 Thai provinces, to be effective 1st January 2017 – the first such increase for three years. M.L. Puntrik Smiti, the chairman of the Wage Committee, recently announced that a 5 Baht increase (to 305 Baht per day) will apply in 49 provinces, an 8 Baht increase in 13 provinces, and a 10 Baht rise in 7 provinces, including Bangkok and surrounding districts. There will be no increase, currently, for the remaining 8 provinces.
These changes reflect current economic and social factors, including the cost of living, productivity, living standards, price of goods and inflation in each province, and have been introduced to comply with the Labour Protection Act.
Interested by our payroll services? Feel free to contact us for a quote.
Payroll, Tax and Accounting Company in Bangkok, B-Acccounting is composed by a team of thai and foreign accountants.