Everything posted by hwas
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Its Happening - Law to Tax Overseas Income Now in Progress
I strongly suspect that once the global tax change goes into effect, the “stay in Thailand less than 180 days” loophole will also be closed. Thailand will simply require residence visa holders to be resident in Thailand for 180 days, or the visa will be cancelled. This is a requirement in most countries for residence visas
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Is the Tax compliance going to be linked to Visa issuance ?
I strongly suspect that once the global tax change goes into effect, the “stay in Thailand less than 180 days” loophole will also be closed. Thailand will simply require residence visa holders to be resident in Thailand for 180 days, or the visa will be cancelled. This is a requirement in most countries for residence visas
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Don’t kill the golden goose! Tax reforms may drive away expats
I strongly suspect that once the global tax change goes into effect, the “stay in Thailand less than 180 days” loophole will also be closed. Thailand will simply require residence visa holders to be resident in Thailand for 180 days, or the visa will be cancelled. This is a requirement in most countries for residence visas
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I like to attract the Thailand Tokay Gecko to my house: Using My Mating Call!
They, and everyone else, were actually telling you F-U and still are telling you F-U
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Thai Banks To Face Rigorous Compliance Regulations Starting June
Thank you. This looks quite good
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Thai Banks To Face Rigorous Compliance Regulations Starting June
The State Department Credit Federal Credit (sdfcu.org) will open accounts for Americans living overseas I am going to open an account in order to get another US credit card. If you got a credit card, were there any problems in obtaining it?
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Why is Thai service so abysmal
First of all, if your card does not work, the fault is on you, not the restaurant. If you are so concerned, why not try the card somewhere else. Anyone with a gram of common sense would know that the restaurant policy is not cast in stone and as one alternative they would change their policy to accept cash. Get over yourself
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Why is Thai service so abysmal
You “thought about visiting”, called the bar with a hypothetical question and noone bothered to answer you, so you concluded that they are ignorant or arrogant. How about the option that they do not have the time to answer nonsensical questions?
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Thai tourism sector proposes 300-baht tax to counter over-tourism
I am curious, if Thailand is an undeveloped country that treats you so bad, then why haven’t you followed previous suggestions to leave if you do not like it?
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What part of Asia are people more friendly?
Pull yourself off the barstool
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The Investing Year Ahead
I Advantages of the three-fund index portfolio Diversification. Over 10,000 world-wide securities. Contains every style and cap-size. Very low cost. Very tax-efficient. No manager risk. No style drift. No overlap. Low turnover. Avoids "front running." Easy to rebalance. Never under-performs the market (less worry). Mathematically certain to out-perform most investors. Simplicity i would think that rebalancing would also be more difficult with that many funds, depending on how strict you would be in maintaining the balance you desire. However, as I said in my earlier post, I do not practice what I preach, but have been reducing the number of investments
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The Investing Year Ahead
i took a look at your own holdings and according to most investing theories that I follow (but unfortunately do not practice), you have way too many holdings. Their recommendation both for your own investments and the inheritance would be a portfolio holding 3-4 etf’s - US index, global exUS, fixed income. My portfolio is 25% fixed income, 25% sector (AI, tech, financial,etc) etfs and 50% stocks. If you have not done so, take a look at the Bogleheads website (believers in Warren Bogle, founder of Vanguard). Some excellent advise and savvy investors will give you answers. Also, Warren Buffet is a strong advocate of buy and hold etfs.
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What part of Asia are people more friendly?
My point being that I worked with Thais for many years in an international company. Spent countless hours in meetings and eating out with Thais. Since you did not answer my question, I assume that you cannot speak Thai. Further, your interactions with Thais are limited to bar girls, motorbike taxis, store clerks, etc, very few of whom have the ability or interest in communicating with you. Tell us why you do not move to Malaysia - my bet is that you do not have the financial means to qualify
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Have people in Thailand gotten less friendly/happy overall, or is it me?
Relentlessly bad mouthing Thailand and yet, you are all still here
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What part of Asia are people more friendly?
Do you speak Thai or is your communicating with Thais related to bar girls speaking broken English? Do you have normal, middle to upper class Thai friends? If you cannot speak Thai, how do you know whether they have a sense of humor? I have found Thais to have a great sense of humor, however, I am able to joke with them in Thai
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Passenger charges soar at six major Thai airports
Those who are complaining about a 30 baht increase obviously do not have the financial means to travel by air anyway. Time would be better spent complaining about the price of Chiang beer.
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Heatwave in Thailand greatly affects outdoor tourism
And the gross air quality is not a factor?
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Thousands of flights to and from Europe affected by suspected Russian jamming
UK has a long way to catch up with the Americans. If there is no war, the Americans will find a “reason” to start one
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Europe baked in ‘extreme heat stress’ pushing temperatures to record highs
Slovak Paradise! Do the hike with the ladders. Incredible. This trip up the mountain is great. But book early! Thank you. Looking into it
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
I have several friends in the exact same position as you. Retired here after being posted to the embassy. None of them have any concerns about this.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
My suggestion is that you ignore the speculative comments regarding the LTR. The official word from BOI is that remittances to Thailand are not taxable. Why pay any attention to comments made regarding the LTR by people who do not even hold the LTR?
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
By email. I also received the following by email “We want to clarify that the tax exemption for overseas income will commence from the month you receive the LTR Visa onward, which typically falls within the next tax year. Any income earned in the period prior to holding the LTR Visa will not be considered for tax exemption.”
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
Since you deleted the sender details, I assume that this response did not come from BOI. Here is the response I received from BOI regarding this issue: If you hold LTR Visa and transfer the money from your oversea account into Thailand account, it will be considered as oversea income which will be exempted from Thai tax with LTR Visa benefit.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part I
- LTR tax exemption
I received a follow up telephone call from BOI. I asked the specific question regarding transferring money earned from prior employment outside of Thailand and received the response that it would not be exempt - LTR tax exemption