On 6th October the Revenue Department released new software to encrypt the PAYE tax information for employees. We are pleased to advise that our Totem Payroll software needs no changes to work the new RD software.
Our clever staff pointed out a small “gotcha” that may occur in preparation. If the office has no branch offices, then a zero must be input to the form, or no processing will take place (see graphic below).
The Social Security Office will continue previously introduced changes to the Social Security contribution rate for June – August 2021. The employee and employer contribution rates will now remain at 2.5% untill November 2021.
In our Totem payroll, you have the ability to make changes to social security rates in Settings under Social Security Rates. Please update setting before preparing payroll for September 2021. If you already prepare draft payroll, you will need to restart the process.
ในโทเทม คุณสามารถทำการปรับปรุงอัตราเงินสมทบ ได้ที่เมนู ตั้งค่า Social Security Rates กรุณาปรับปรุงอัตราเงินสมทบใหม่ก่อนการทำเงินเดือนเดือนกันยายน หากคุณมีร่างเงินเดือนของเดือนกันยายนไปแล้ว คุณจำเป็นต้องเริ่มกระบวนการทำเงินเดือนใหม่อีกครั้ง
For any enquires relating to this bulletin, we suggest you contact your Social Security Office or call me if you have other questions about Totem.
The Social Security Office has introduced some changes to the Social Security contribution rate for June to August 2021. The employee and employer contribution rate has been reduced from 5% to 2.5%. However, the Social Security contribution rate in September onwards will remain at 5%.
Your copy of Totem Payroll has already been updated with the new SSF Contribution rates for your company and is ready for the June 2021 payroll. The ability to make changes to SS rates is available in Settings under Social Security Rates. Please check that the updates match your expectations.
On closer inspection, a number of contradictions are in evidence. Firstly, an email regarding payroll would be unlikely to be sent to “info”. Secondly, hovering over the link shows a link to an unrelated website.
Phishing malware is becoming very prevalent and users should exercise great caution in viewing and responding to suspicious mails. The ingenuity shown in some attempts is clever enough to confuse unprepared recipients. GainPlus recommends being extremely careful in regards to any mails received that seem out of the ordinary.
Note that the phishing attempt shown has nothing to do with Totem Payroll. We have chosen to issue this alert as a community service and hopefully to raise awareness of another risk users may see in their daily workplace.
Your Totem Payroll has already been updated with the new SSF Contribution rates for your company and is ready for the February 2021 payroll. The ability to make changes to SS rates is available in Settings under Social Security Rates. Please check that the updates match your expectations.
The Social Security Office has again announced changes to contribution rates to the Social Security Fund. The new contribution rates are 3% employer contribution and 3% employee contribution for the first three months of 2021 (January – March 2021).
Your copy of Totem has already been updated with new SSF Contribution rates for your company and is ready for January 2021 payroll. The ability to make changes to SS rates is available in Settings under Social Security Rates. Please check that the updates match your expectations.
For those of you who are responsible for payroll preparation, 2020 has introduced some changes to Social Security contributions which have caused some confusion!
As a result of the covid-19 pandemic, the Social Security Office made changes to the amounts to the contributions of both employee and employers. Briefly, as per the following
Month
Employee Rate
Company Rate
Jan
5%
5%
Feb
5%
5%
Mar
1%
4%
Apr
1%
4%
May
1%
4%
Jun
5%
5%
Jul
5%
5%
Aug
5%
5%
Sep
2%
2%
Oct
2%
2%
Nov
2%
2%
Dec
5%
5%
There was also a deferral of payment possible in the Mar-May extending the payment of the amounts due for these months by 3 months.
Some companies ended up overpaying the SSO amounts in the first reduced period due to the on-line system not accepting contributions based on the new rates. We are advised that companies that have overpaid amounts can claim those overpayments from the SSO, and, the company having the overpayment can claim both employer and employee overpayment. Companies affected should contact the SSO for details on how to claim. SPS 1-23/1.
Within the GainPlus payroll reports, there is a report named Social Security annual payments, and if this report is run, all payments for SSO contributions will be reported for the year-to-date of the year selected, with overpayment months highlighted.
Important: the Revenue Department has advised us that the taxable deduction allowable for taxpayers is limited to the published figure for SSO deductions, therefore any overpayments of SSO amounts will not be able to be used when calculating the deduction for SSO that the employee is eligible for. We have been referred to Section 47 of the Revenue Code amended by Section 3 of the Revenue Act (Act 27/2533). Also see PND 90 and 91 section 1.4 in explanatory notes. If in doubt make sure you consult either the Revenue Department or your Auditor / Tax Specialist.
So to summarise the amount taxpayers are eligible to deduct from their tax will be different in 2020. How does this affect companies using Totem payroll? In December, Totem will notify payroll users to update the maximum deductible allowable for SSO deductions (ie taxable income deduction from THB 9,000 to THB 5,850). We plan to leave it until December in case there is a further change notified for December (currently December stands at 5% for both employee and employer). After updating the official allowance, Companies making the change to the maximum allowance will have any discrepancies in tax made accurate by the December tax calculation.
The Social Security Office has announced changes to contribution rates to the Social Security Fund. The new contribution rates are 2% employer contribution and 2% employee contribution for the next three months. (September– November 2020)
For any enquires relating to the Social Security, contact your Social Security Office, but for help with making changes to Totem, call me if you have questions after viewing our FAQ.
We’ve put together a short video that shows HR Managers how to make the change to the Public Holidays section of the Totem Leave Management. Click on below image to view the video.
One thing HR Managers should check if any staff have already been granted leave which covers the period of the new holiday. If this has occurred the manager should, after the new day has been added to the Public Holiday list, advise the leave taker to cancel their original request for leave and then reapply for that leave. The new leave will not include the new holiday when calculating the number of leave days.
The Social Security Office has announced changes to contribution rates to the Social Security Fund. The new contribution rates are 4% employer contribution and 1% employee contribution for the next three months (March – May 2020) with a possibility of further adjustments to the rates depending on how the Covid-19 situation develops.
In addition to the change in rates, the Social Security Office has postponed the payment submission deadline from the 15 April to 15 July 2020.
At this point these changes have yet to be gazetted and the Social Security Office has advised contributors to follow the existing 5% contribution rate for both employers and employees. They advise that if there are any overpaid contributions these will be eligible for refund.
GainPlus Totem users should be aware of this situation and that after the changes are gazetted, GainPlus will globally update these changes immediately in the Totem Payroll program.
If you wish to apply the new rates immediately the Totem Payroll program has been updated and will allow you to adjust rates. Here are the instructions.
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