
federicoP
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Everything posted by federicoP
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I see a lot of comments about this “stupid/nonsense tax”, as if it had been designed above all to target us expats. I believe that in most of the countries of origin of us expats, if someone is a tax resident (generally if he spends more than six months in the country), he must pay taxes on the investments he holds abroad. And, unlike Thailand, taxes often have to be paid not only when he imports his earnings into the country, but also if he leaves his income abroad. Why do we continue to complain about this new, more restrictive interpretation by the Revenue on a regulation that has already existed for many years and we pretended it didn't exist? Why are we ready to accept certain rules at home but here in Thailand we are not willing to accept them? Do we really believe we live in a more stupid and easy country than our native one ?
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Which DTA applies?
federicoP replied to Foxx's topic in Jobs, Economy, Banking, Business, Investments
Germany-Thailand I suppose you have been, or you still are, resident in Germany and never been resident in UK or USA. The article 1 of your DTA says : This Agreement shall apply to persons who are residents of one or both of the Contracting States. -
Taxation of Ex-Pats pensions etc.
federicoP replied to LittleBear57's topic in Thai Visas, Residency, and Work Permits
Yes, also the DTA between Italy and Thailand states that the tax on the pensions (generally) can be paid in Thailand, and here the taxes are lower than in Italy. For other incomes it is more complicated, it varies from case to case. -
Taxation of Ex-Pats pensions etc.
federicoP replied to LittleBear57's topic in Thai Visas, Residency, and Work Permits
If you have only a pension, do not worry, it is not so difficult. It is ten years that I am paying here (Chalong, Phuket) the tax on my pension. My thai is zero and my english is not so fluent, but I go to the local Revenue office bringing my passport and all the data, and they (kindly) help me. When paying the tax here, I also ask for the documents R.O. 21 (Certification, in english, of the amount for which I paid here) and R.O.22 (Certification that I am, for that year, fiscal resident in Thailand). These documents may be useful in relation to the treat against double taxation between my native country and Thailand The tax on the pension is lower here in Thailand and I pay only here the tax on it, as allowed by the DTA. If my native country asks something about the payment for my pension I can show them these documents. -
In the past I often went from Rawai to Phuket town for dinner. It was about half an hour. Now, still not the highest season, I continue to go, but it takes me more than an hour. The worrying thing is that I don't see any concrete plan for new traffic and transport management. The only plans are how to increase the number of the arriving tourists.
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SCB debit card - using abroad
federicoP replied to federicoP's topic in Jobs, Economy, Banking, Business, Investments
The Wise debit card also looks interesting for those who often travel abroad. Unfortunately it is not available for every country of residence -
SCB debit card - using abroad
federicoP replied to federicoP's topic in Jobs, Economy, Banking, Business, Investments
Very interesting, thanks, also if MYR is not included in the 13 currencies of this card. -
I am going for a few days to Singapore and Malaysia, I am thinking to bring with me also the debit card connected to my saving account at SIam Commercial Bank. I asked SCB about commissions and exchange rates but they have been quite nebulous. Has anybody direct experience of using this debit card abroad ?
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In Phuket the Immigration Office has prepared a useful leaflet with a list of requirements necessary for the annual renewal of the permit to stay, and the title of the leaflet is : "Check List for One Year Retirement Visa". Wrong, but I certainly won't be the one to explain them that they are wrong....
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Three years ago a Thai carpenter named Eid did some work on my house in Rawai and I was very satisfied with his work and his rates. I reached him through a person who frequented this forum but who now no longer seems to be active. I have an old phone number but no one answers. By any chance does anyone know this carpenter named Eid, hoping he is still working in Phuket, and know how to contact him? Thank you very much
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Obliged to give copy of passport?
federicoP replied to agg211's topic in Thai Visas, Residency, and Work Permits
You are signing a contract with someone and you don't know who the other party is? This sounds really alarming...... -
Obviously I searched with Google, but I didn't find anything that put me on the right path, in fact I found rather imaginative definitions. I think that Google works differently depending on the nationality, the language and the place from which it is consulted. I am sorry.
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Thanks, I learned one more new thing
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Forgive my ignorance, but what is a "poppy" ? Apart from the herbaceous plant with beautiful flowers that I already knew, I found the following definitions: - A girl who has a very bubbly personality and is very talkative. - A slang word give to older males in latino gangs as a sign of respect - Usually a very 'slaggy' girl who attracts men - A transgender gay male who loves oral sex I suppose that none of these definitions corresponds to what eezergood is looking for.....
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I have a detached house with garden and swimming pool in the Rawai area. I currently have an agency that takes care of my home both when I am in Phuket and during the six months when I am abroad, and provides me with: cleaning, gardening and pool running. I'm not satisfied and I'm looking for alternatives. Does anyone know of any reliable service agency, or person, who can provide these services, also separately ?
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New "Income" tax law 2024
federicoP replied to Tom Vanderlay's topic in Jobs, Economy, Banking, Business, Investments
If you bring this money to Thailand you should read the Double Tax Agreement between your country and Thailand, and probably you will discover that the income from a rented flat must be subjected to tax only in the country where it is located. -
It is a document issued by DBD (Department of Business Development - Ministry of Commerce) with the name and address of the Company and with the name of the directors. In the following pages there are the list of the company objectives and the names of the shareholders, probably not strictly necessary for TM30 registration. If you have a company ask your accountant to provide this document.
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It seems that up to now the Revenue has never speculated when the remittances from abroad for expats were earned, and everything suggests that this will be the case until December 31st. I wouldn't worry about it. From January 1st this will no longer matter, only the year in which the money was brought to Thailand will matter. And this is the real and only recent change to the Thai tax rules we are talking about.