Posts Tagged “Minimum Wages”
If you are looking for information about the minimum monthly salary to live in Samui this blog post will provide data and tips on what you need. Taking a look at various levels of monthly income to live on the island of Samui, and see how to cover the cost of living. To begin with, you ought to take a look at Numbeo.com. They have a cost of living comparison, where you can put side by side the cost of living in your country and Koh Samui.
Before you arrive at Samui you might have certain expectations about the minimum monthly salary levels you need in order to live happily in Samui. This levels will be less for some individuals than others. The majority of people do decide to come here to enhance their own lifestyle whilst others come so they can save cash to send to their loved ones back home.
This article is intended more for the very first group who prepare to live in Koh Samui to improve their own life. Additionally, we should state that living in the north east of the island such as in Bophut, Chaweng, and Lami or other tourist areas will have a much greater cost. Outside these areas, you can have the same living standard for possibly 10-20% less.
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The Minimum Wages for Foreigners Working in Thailand
Considering finding a job in Thailand? Are you wondering what the minimum wages in Thailand are? It is important to know that the Thai federal government has different fixed minimum wages for foreigners working in Thailand which are considerably greater than the minimum salaries in Thailand for locals.
There are 4 different types of minimum wages in Thailand, depending on the person’s country of origin.
- 50,000 Baht/month: Western European Countries, Australia, Canada, Japan, and the USA
- 45,000 Baht/month: Taiwan, Hong Kong, South Korea, and Singapore
- 35,000 Baht/month: Eastern European Countries, Asian Countries, Central American Countries, Mexico, South American Countries, Turkey, Russia and South Africa
- 25,000 Baht/month: African Countries, Cambodia, Myanmar, Vietnam and Laos
Depending on their wage, foreign workers are required to pay personal income tax (progressive, the very first 150,000 Baht/year are exempted, then scaling up, i.e. 5% for 150,000-250,000, 10% for 250,000-350,000 and so on) and contribute to the social fund (health insurance, 5% of salary, maximum 750 Baht/month, payable 50% by staff member and 50% by employer).
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