Cuchulainn

There is a very good service in Chamchuri Sq. Did everything for my pink card. Translation and courier to MFA. B1,500, if I recall correctly. However, I had to go myself to my embassy to get passport authentication letter before anything else. Sunida (?) or Sutida (?) was the company name. We found it in a google search

No assessable income (see above comments, as my savings are pre 2024), but will immigration accept no submission of tax documents when applying for a yearly extension? Like the TM30,sometimes they ask, sometimes they don't!!

Ok, many thanks to all. I will look further into FIFO. Do I still have to file a tax return? I know you will all probably shout NO, but when it comes to visa extension renewal, immigration may ask for proof of tax returns or even some proof of liaison with the TRD

If I can live off the remitted interest alone ( and maybe dip into the principal now and again), then I could live tax free for years. Maybe till the end of my days!!

Yes, I have. Statements as far back as 2011

Thanks Jim. I read that article in the BKK Post. That seems to only pertain to shares and not principal in an account. Can FIFO be applied to funds in an account?

That is exactly what it is. Money from deceased parents' wills. Even so, that won't hide the fact that interest was generated on the pre 2024 principal and was remitted this year.

Just as an afterthought (or brainfart, in my case!), who's to say the remitted money from pre 2024 account wasn't the 2024 interest, but the principal from 2023??

^^ Thank you CM

May I ask a question? If remitted overseas savings (pre 1st January 2024) are classified as non assessable income (i.e. no tax to be paid), what about the 2024 accrued interest from that tax exempt account? Is the remitted 2024 interest assessable income? Or, as part and parcel of the pre 2024 account, non assessable? Thank you

Abolish the draconian 90 day reporting nonsense and send the 90 day staff at CW to help at the airport. Or is that too sensible?🤣

^^ If immigration starts sticking its nose in?

Let's see what Immigration says next year when we apply for our annual extensions. Will they be bothered with extra paperwork, or rub their hands in glee at more hurdles for us to jump over?

Wonder if he did his 90 days reporting

I'd like to ask a quick question if I may. When filing taxes, I believe everyone filing taxes is allowed a personal deduction of B60,000. My question is about the other deduction of B100,000 (labelled ''expenses''). Is this 100k deduction only for salaries/employment income, or is it for everyone filing taxes (as well as the 60k)? Is everyone allowed to deduct 60k + 100k (total 160k)? Many thanks