KhunHeineken
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Everything posted by KhunHeineken
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Wouldn't you agree that my example, and your reply, is the situation of thousands of expats across Thailand? This would mean, "gifting" is not an option for them. Section 37 of the Thai Revenue Code. https://www.rd.go.th/english/37746.html#:~:text=Section 37 Bis Any person,exceeding 1 year or both. "Section 37 Bis Any person intentionally fails to file tax returns prescribed under this Title in order to evade or in an attempt to evade tax, shall be subject to a fine not exceeding 200,000 Baht or an imprisonment for a term not exceeding 1 year or both." Pretty scary, Mike, but as you say, the law applies equally. I'm surprised you allowed yourself to post it.
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Not entirely true. The criminal laws apply equally, but I can't own land here in my name, can you? I'm simply saying the permission to live here, as opposed to the right to live here, is always held over foreigners. Thailand does not offer a reasonable pathway to permanent residency and citizenship. The Thai government says jump to foreigners, and we ask how high, or leave. In my opinion this policy is an absolute mess, but you watch them turn a baht out of foreigners regardless.
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Interesting comment. Got me thinking, say an expat needed emergency medical treatment, possibly a life saving operation. That would require the immediate remittance of a large sum of money, and possibly further transfers for ongoing recovery or treatment. Of course, at such a time, money is the least of your worries, but that medical treatment or operation has now costed a lot more due to the remittance tax the transfer/s has attracted.
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Transfer money to home country
KhunHeineken replied to Confuscious's topic in Jobs, Economy, Banking, Business, Investments
I accept the example you gave, however, go to a different bank, in a different city, and speak to different staff, and your experience may have been very different. -
Anyone reccomend a decent / legit antivurus program?
KhunHeineken replied to Kenny202's topic in IT and Computers
I find it interesting that many are critical of Microsoft and Windows, including myself at times, yet many have suggested using Microsoft for the protection of their device and data. -
I agree 100%, and if such a gaping hole does exist, for sure they will move to close it, especially if it is being used as a tax avoidance strategy by the masses. On that basis, I would encourage members who may be seeking to rely solely on "gifting" as their only tax avoidance strategy to seriously consider a Plan B.
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As I said before, legislation is useless with enforcement. The Thai government must have something up their sleeve. Currently, we are unable to discuss it because it's scaremongering. I guess we will all find out how they will collect it, and the punitive measures for evading it, or not paying it, early next year.
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Apologies to members. Of course Mike is correct on this point. I was posting with my personal view that it's best to fly under the radar here for everything. Declaring large sums of money at boarders may bring some unwanted attention. If this is no problem for some people, then they may wish to do as I suggested to another member and open a bank account in Cambodia and do the occasional "cash run" in the same way people do a "visa run." I have said I will be doing this with a Singapore bank account I have after the F1 every year, but not over the amount that must be declared.
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I agree with KhunBENQ. No need for a new laptop. If running a HDD, install a SSD, and possibly an extra stick of 8GB RAM, but that's optional, and do a fresh install of Windows, and you will be amazed at the speed improvement.
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Transfer money to home country
KhunHeineken replied to Confuscious's topic in Jobs, Economy, Banking, Business, Investments
Did you bring that money into Thailand, and have the documents to prove it, or did you earn that money in Thailand, which also includes profits on the sale of a property? -
Anyone reccomend a decent / legit antivurus program?
KhunHeineken replied to Kenny202's topic in IT and Computers
I use Trend Micro, after leaving Norton for the same reasons you mention. I find TM pretty good. East install. Little to no effect on speed. Customizable with some settings. Choice of product. Reasonable price. -
Let the young ones build your new Desktop
KhunHeineken replied to Furioso's topic in IT and Computers
Yes, I use Windows. Just wanted to say that not everyone who buys / builds a high spec computer does so for bragging rights. (bigger penis) I do it for future proofing. -
Well, geez, such a difficult question, but I'll try to answer it. Maybe because they can now get some money out of Johnny Foreigner. You are still pushing the notion that they don't care 2 hoots. Have you ever known the Thai's to pass up an opportunity to turn a baht out of foreigners? just like cannabis, they have come up with a new earner. Deal with it. So you are saying it's all pie in the sky. Nothing will change. Foreigners should do nothing. It will all go away. Is that your stance?
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No argument from me. I have already said one of a few strategies I will be implementing will be bringing in cash from Singapore after every F1 each year. Was just saying, if a huge percent of foreigners no longer remit funds but "gift" their Thai spouse, we can expect the Thai government to make some changes.
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OP, I would like to know the specs of your laptop before I comment, particularly the processor.