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Everything posted by gamb00ler
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If instead of that deduction they just increased the tax threshold then the tax reduction would be applied to ALL income instead of just employment income.
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trust accounts possible yet?
gamb00ler replied to gamb00ler's topic in Real Estate, Housing, House and Land Ownership
The google results return several references that agree with your opinion, but those results are not recent. I have also read several more recent claims by Thai law firms that differ from your opinion. Reporting of the Thai government's updating the law to allow private trusts stops around 2019. I can only search in English so google's results are somewhat suspect. Thus, my question. https://www.bakermckenzie.com/-/media/files/insight/publications/2018/08/al_thailand_privatetrustactapproved_aug18.pdf?la=en#:~:text=According to the current draft,a beneficiary of the trust. https://pdf.hubbis.com/pdf/article/thailand-recent-developments-in-wealth-management.pdf (last page) https://www.linkedin.com/pulse/benefits-beneficiary-trust-thailand-expats-dave-mills/ -
Queer Planet documentary ruffles homophobe's feathers
gamb00ler replied to Jingthing's topic in Gay People in Thailand
I hope you realize that the species with higher levels of brain function, and mammalian are much more likely to have characteristics in common with homo sapiens than lower order life forms. To me that means that observations of same sex relationships in higher functioning animals implies that such relationships are based on physical characteristics. Since these similar actions occur in animals that are "closer" to humans on the tree of evolution I think it's rather slipshod logic to say it's irrelevant. -
Queer Planet documentary ruffles homophobe's feathers
gamb00ler replied to Jingthing's topic in Gay People in Thailand
In many species there is a very strong mother-offspring bond. I suppose you also consider that irrelevant. I have no idea what these emojis/characters mean, but they all were displayed when I searched for "odd". ౸౻𑢱౺ -
Queer Planet documentary ruffles homophobe's feathers
gamb00ler replied to Jingthing's topic in Gay People in Thailand
Last time I checked... there is no constitutional right to outrage over something irrelevant to your life. -
Queer Planet documentary ruffles homophobe's feathers
gamb00ler replied to Jingthing's topic in Gay People in Thailand
That's our bob... a real stanchion for the status quo. -
Queer Planet documentary ruffles homophobe's feathers
gamb00ler replied to Jingthing's topic in Gay People in Thailand
When such information enters a mind with extremely regimented thought and a strong resistance to change, the results are unfortunately predictable. -
It looks like Wise will work for sending money from Spain to Thailand. 12,667€ will yield 500,032 ฿ and will cost you about 95 € in fees, not including the fee to get the money to Wise.
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Where are the funds coming from? Outside Thailand? Inside Thailand? What two web agencies are you referring to? Providing more information will yield better answers.
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I have read a couple of articles by Thai legal firms that indicate that Thailand was about to legalize the creation of Trust accounts. The last update on the status of the Private Trust Account Bill that I read was dated 2018. Does anyone know if it is now possible to set up trust accounts in Thailand?
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Best way to remit Thai Baht to UK?
gamb00ler replied to RAZZELL's topic in Jobs, Economy, Banking, Business, Investments
The last exchange rate quote available for KBank and for BBL bank are: 47.247 and 47.145 which is about .22% difference. Perhaps the difference you're seeing is due to higher fees. -
Land Dept Revises Guidelines for Foreign Ownership of Land
gamb00ler replied to webfact's topic in Thailand News
There seems to be an imbalance in the penalties for participating in land title violations. -
George Galloway Defends Controversial Comments on Gay People
gamb00ler replied to Social Media's topic in World News
So is not having any biological children.... but so far I don't see any uproar over people making that choice. -
Us, the financial addicts.
gamb00ler replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
Don't worry, be happy https://www.nytimes.com/2024/06/06/opinion/national-debt-us-taxes.html?unlocked_article_code=1.x00.IHjG.opEps-X4Gkpn&smid=url-share -
I have a US based UltraMobile physical sim with a US number in my iPhone XR. It allows me to make/receive phone calls/messages via WiFi. I cannot use it with any local cellular network unless I want to buy a roaming plan, so I don't. My local service is from True and is enabled using an e-sim capability. I specify for each of my contacts which sim is to be used when I call them.
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That sounds very similar to the UltraMobile PayGo prepaid option costing $3 (plus 5.5% tax) per month. The UM sim is available for $13 on eBay. You will need an accomplice/assistant in the US to receive the sim, install it in a compatible phone and connect to their network. The accomplice can then mail that sim to you in Thailand. Once setup is complete you can use WiFi calling/texting for up to 100 minutes (US only) and 100 SMS's per month without further charges. I use an iPhone XR for my UM sim plus use True service via an e-sim.
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Thailand to tax residents’ foreign income irrespective of remittance
gamb00ler replied to snoop1130's topic in Thailand News
Not what I would consider an outlier would be the possibility that TRD would seek to tax income earned inside a Roth account in the year of earning. The US IRS does something similar when they ignore the 'tax exempt' status of a Canadian Tax Free Savings Account (TFSA) for Canadian expats living in the USA. In such a situation the Canada-US DTA doesn't help because there is no Canadian tax that could be reduced by a credit for having paid US tax on that income. US taxpayers who are tax residents in Thailand would suffer the same fate on Roth account income. -
Thailand to tax residents’ foreign income irrespective of remittance
gamb00ler replied to snoop1130's topic in Thailand News
The tax treaties generally say nothing about remittance. -
Bangkok Bank Conditions
gamb00ler replied to Larryst's topic in Jobs, Economy, Banking, Business, Investments
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Travel card - What is it?
gamb00ler replied to ravip's topic in Jobs, Economy, Banking, Business, Investments
I believe that if the "card" is branded with Visa or MasterCard the exchange rate will be determined by them. You can find those exchange rates at: https://www.visa.co.uk/support/consumer/travel-support/exchange-rate-calculator.html https://www.mastercard.us/en-us/personal/get-support/convert-currency.html To get the right rate from those websites you need to know if there are foreign transaction fees applied by the financial institution that issued the card. Those fees range from 1-3%, perhaps even higher. -
There are 2 methods that can be used to have SS deposited directly to a Bangkok bank account. The original method (before IDD) was to a special account at Bangkok bank that requires an in person visit to withdraw the funds. The newer IDD method can be used to a regular Bangkok bank account that won't have that restriction. You are getting your SS pension via IDD to a regular savings account at Bangkok bank. The two methods are quite dissimilar and the effective exchange rate will be slightly different.