falang07
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Posts posted by falang07
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Of course you would have to have a JPM –a committee and maintenance fees. audited accounts ,AGM's etc.etc.
So apart from all the a fore mentioned limitations –no problem
This brings another question, what if the condo has "a JPM –a committee and maintenance fees. audited accounts ,AGM's etc.etc." and later on, no one cares about it and it gets abandoned. What happens then?
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How do you plan to rent a house if the owner is not known, and there is no sign on the house saying FOR RENT with a phone number? If there is a phone number, just call. Otherwise, rent somewhere else
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I suppose the land office would refuse to register this as a condo (since they do not want you to buy a shop house) + I think I have seen somewhere that farangs can not own the ground floor units in a condo which means you could only own the higher floors in a shop house.
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But putting the dirty paper to the dustbin is quite disgusting, not to mention the smell it must produce
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In case they have a majority which is always the case in Thailand (a.k.a. the racist country) where we can own only up to 49%.
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Yes, I was referring to foreign dividends, the corporate income tax is 10% in the country where my foreign company is incorporated so these dividends are paid from the corporate income taxed at 10%. The dividends themselves are not taxed when paid out, that is where my confusion starts, but I suppose was wrong and this does not mean they would be automatically tax free when remitted to Thailand since the law requires that the dividends are taxed at the source (yes, double taxation, as always).
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Does anyone ever check if these are remitted in the year after? I might just send 180,000 THB this year to stay under the tax exemption limit (including the 30,000 THB personal allowance per single taxpayer) and remit the rest next year, as suggested.
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What is the approximate total cost of all this? I mean including company maintenance per year, social security for 4 Thais, etc.?
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Hello, according to http://www.rd.go.th/publish/6045.0.html, There are several types of income that the taxpayer shall not include or may not choose to include such income to the assessable income in calculating the tax liability. <p>and then <p>Taxpayer who resides in Thailand and receives dividends or shares of profits from a registered company or a mutual fund which tax has been withheld at source at the rate of 10 per cent, may opt to exclude such dividend from the assessable income when calculating PIT. However, in doing so, taxpayer will be unable to claim any refund or credit as mentioned in 2.4. Does this mean dividends are excluded from the personal income tax in case the company income was taxed at 10% or more? No need to wait one year and only remit to Thailand then to avoid tax from dividends?
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This went exactly the same way not just in Europe, but in USA, and many other countries, too.
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Sauna in Thailand? I just go out and walk a little, and the sweat is coming very soon
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I suppose that if they had written that one could drive drunken with 16 years old girls in the night, it could bring even more tourists to Pattaya.
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yes, in Thailand, the law and the reality are 2 extremely different things so no worries
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or Tools/Start private browsing, if using Firefox
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The average age of long term residents in Pattaya is well over 60 so it is no surprise that so many die. Let alone together with the Pattaya life style and a much younger wife
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Did you consider that it might be you who was ripped off? I have never heard of a bigger bullshit than a charge for a receipt. Perhaps they made a party before leaving and you paid for it
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OK, so once again and slowly, imagine this situation:
I have an offshore company (i.e. registered outside Thailand) that I work for online (i.e. by sitting in front of the computer and typing on the keyboard in my room somewhere in Thailand, or anywhere else, depends where I am at the moment). My customers are not from Thailand, the company bank account is in the country where my company is registered, i.e. not in Thailand. Any money I ever remit to Thailand for my personal use is always sent in the next year after they are earned. How in the Earth could I get a Thai work permit for such work and for a foreign registered company that has nothing to do with Thailand? This income is not subject to Thai income tax either, even if I would be a tax resident of Thailand and told them about this work, they are simply not going to tax me. So I might go and try to make a work permit, but based on what? It simply does not make any sense, and why would anyone bother is also beyond my imagination. If you sell on ebay and ship from Thailand, this would be of course different, but in case of service providers it is clearly not needed/possible.
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Also, you say one can get a WP for online work and a work visa? Have you ever heard a single case like this done as a sole proprietor, and not the Thai company way? If so, why is everyone else saying it is impossible? Clearly, it is not that the person concerned cant be ar*sed to do it properly, but because the laws of Thailand did not/do not want to think about this, they would rather enjoy the benefit of a poor sole proprietor making a Thai company and feeding 4 Thais with it. I say no way, and wake up!
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This means that such work is considered as done in the country of the delivery, and this is a general rule in all the EU. I suppose it is similar in Thailand.
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You still do not get it, why should anyone make a WP for services provided exclusively to foreign clients when this work is not considered as done in the country where he/she sits behind the PC, but in the country of the customer.
For reference see e.g.: http://customs.hmrc....029955#P38_5204 --
2.4.1 The B2B general rule
The B2B general rule for supplies of services is that the supply is made where the customer belongs (see section 5).
2.4.2 The B2C general rule
The B2C general rule for supplies of services is that the supply is made where the supplier belongs (see section 5).
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I suppose then that the 860 THB is the 700 THB tax + 160 THB for the connection bus to Don Muang, as they plan to offer a "free" shuttle bus to Don Muang from October 1st.
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It is the price on the first screen, just the ticket, no specials added (they try to add them on next pages). So I wounder how did you manage to get 700 THB.
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I am saying that a few month ago, I paid 700 THB airport tax when flying to Cambodia, now they suddenly charge 860 THB.
I booked a flight to Hong Kong today and the tax from BKK was still 700 Baht.
well, I just tried and this is what I got:Depart FD3712 Bangkok (BKK) to Hong Kong (HKG) Tuesday, 18 September 2012 Depart 0630 Arrive 1015 3,500.00 THB1 Guest @ 3,500.00 THB 1,000.00 THB Airport charges & fees 4,500.00 THB Total
What Happens If Foreign Shareholder Dies
in Jobs, Economy, Banking, Business, Investments
Posted
I would say they can not and their only option would be to find the heirs and discuss further steps. But this is just my humble opinion