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khunPer

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Everything posted by khunPer

  1. I don't agree – stock value is savings, savings are not only cash without interest or other gains – your capital gain before 1st January 2024 is savings by Thai rules, as it's earned the year before. It's capital gain after 1st January that is taxed. However, in a country with capital gain tax at selling time – where the rule has been due the whole period the stocks have been owned – it would be your whole capital gain that shall be taxed. In some countries you will be taxed after "inventory" – i.e., value at year-end – which means that you pay tax of unrealized capital gain of your savings, and you therefore might be forced to sell out of you savings to pay tax of money that you have not yet capitalized.
  2. No, your capital gain is taxable, according to my understanding of the new rules – based on following what is normal practise in tax rules – when you sell $1,000 of your $2,000 stock value, you sell half of the stocks, and that half has a gain, as the original purchase price was $500. However, your capital gain before 1st January 2024 – i.e. your stock value per 31st December 2023 – are savings; so, in principle it's your 2024-capital-gain that is the income taxable amount. You need documentation to prove it.
  3. To my knowledge hotels are still paid for accommodation – how would it else work? – but just like "all inclusive", the guests don't need to spend money outside the hotel.
  4. For most men with Thai partner – and it might also count for ladies that have never seen a bar from inside – if someone more "handsum" (🤑) shows up, you cannot be sure...
  5. It's the same number, but you need to register as income tax payer at the customs office (or similar tax office, if not the same as in the province where I live). You will get a small slip as proof of tax ID...
  6. Similar to the European holiday trend "All Inclusive" – many people likes that kind of no financial worries vacation...👍
  7. Thanks, that's more clear. Unfortunately not your choice, it's a question of law and rules, and DTAs. See my reply above, it probably explain what you ask.
  8. Indeed – and thanks for your comment – it's good practise to already now keep file of all transfers and income source, and also read any DTA between Thailand and one's home country, so your are prepared for the tax return form, which have to be filled not later than 31st March next year (2025).
  9. Not correct. You will be taxed in the country of tax residence, but can also be taxed in the country of origin of income. A DTA means, that you won't be doble taxed, often it means that you only pay the highest tax. If for example a retirement pension is "taxable in both states" – as some DTAs say – you will pay the highest tax, and any tax above that you can apply to have refunded. My European home country insists on income tax for pension as "source country" – some pensions are paid by the government, private pensions has been tax deducted in the income – and as my home country tax is higher than Thai income tax, I will pay the high tax due to the purpose of the DTA. Thailand has two choices, either tax the transferred pensions and refund the tax, or the easy one: Don't care and don't tax. Here comes the point of the rules from January 1st 2024, where any money transferred into Thailand is income taxable in Thailand; except proven savings from before 2024. You might already have paid income tax abroad, but will be taxed again. If you prove that you have been taxed abroad and there is a DTA, you can get refunded any part of Thai tax that is higher than the source country's income tax; however, in accordance with the regulations in the DTA. The bad part for some foreigners living in Thailand is that some income might be tax free in one's home country when tax resident abroad – in my home country interest, capital gain and certain fees are free from income tax – but now these funds will be taxed in Thailand, when transferred to here. Before thsi year, you could keep the taxfree income till after December 31st and thereafter the income was magically transformed to savings, which were taxfree to import into Thailand. However, you can still keep taxfree interest and gains abroad, and reinvest, as it's only what you need to transfer to here that will be income taxed. The last suggestion – and rumour – spoils this, as all foreign income shall be taxed, both if transferred and not. That's how it is in my European home country, so if a foreigner becomes tax resident – could be an expert or a CEO in a larger company – their foreign income and capital gains will be taxed in the tax resident country, which might have a top level tax as high as in my home country of 52 percent...
  10. I'm a tax resident in Thailand, and my country has a DTA with Thailand. Latest rumours (on this forum) is that Thailand may tax on income NOT remitted to Thailand. I made clear already that I don't have any intention to remit any money, be it pension or interest or savings, to Thailand. Probably not in this lifetime, as I have enough savings here already So far it's a suggestion and thereby rumour about taxation of foreign income, not yet transferred into Thailand. You cannot use that now, as it's not part of income taxation. This leads to your next point, which is about the money you don't transfer into Thailand, but they will be taxed in Thailand anyway according to your point above. Why did you ask questions about taxation in the first place, as you seems to wish to follow your own strategi?
  11. Please note that I say: "3 month after extension of stay is granted".
  12. So, why would you declare money to be taxed in Thailand, which you haven't transferred into Thailand, pay the income tax and thereafter claim the tax back? You need to transfer the money into Thailand to be income taxable after the present rules. That might not stop your money to be (also) taxed in your home country, that is why you must first thing, check your home country's tax rules, and second thing, check the DTA between you home country and Thailand. The latter also count for any pension you transfer into Thailand from your home country, in some cases pension are income taxable in both countries.
  13. Just show both passports when leaving; valid "visas" are still valid in a cancelled passport.
  14. 3 month after extension of stay is granted, and two month before application of extension of stay – the remaining almost 7 months the deposit needs to be not less than 400,000 baht.
  15. Might need to add that the TM.30-report is due within 24 hours after entering an address, not entering Thailand, so in principle every time one moves to a new address, a TM.30 registration is needed. However, if you are staying on a long term visa, like non-immigrant, you might only need registration at the address used in application for stay, but it can be different from one immigration office to another, what they actually demands. When staying in a private house it will be the "house master's" responsibility make a TM.30 registration; when staying in a hotel it's the hotel's responsibility.
  16. If you have transferred the money into Thailand as a large sum and declared it with Bank of Thailand, you got a receipt – which you of course carefully have keept – making you eligible to transfer same amount out of Thailand. Otherwise, for larger amounts, you need to declare the funds and probably prove that tax has been paid.
  17. You need to check your home country's income tax rules when being foreign tax resident instead of living in your home country. In my European home country interest income is free of income tax when instead being a foreign tax resident. You should also check if there is a Double Taxation Agreement between you home country and Thailand, to learn how money is taxed if transferred to Thailand. With the present tax rules for Thailand, any income abroad is income not taxable, before the money is transferred into Thailand. When transferred into Thailand the money is taxable here; however, only gain of savings, if the funds originates from saving made before 2024.
  18. You can choose English on the online tax return; however, the fold-down menus are still in Thai language. You can use a English version of the printed PND.90-form as help. At the moment, no details are to my knowledge known about how the new income tax for foreigner-system shall work. When you have finished the form, it will automatically calculate eventual income tax to be paid.
  19. Mild is cheap in Thailand, be happy you don't live in Denmark, one litre is 13.75 DKK; i.e., 70 baht or 140 baht for 2 litres...
  20. I saw a few good comment, which are worth to think about. The one with having a DNA-test of you and your daughter – if not already done – would clear, if you need to concern about her. From my knowledge with Thai ladies and common child with a foreigner, the child might become a hostage for money. As you mentioned yourself in your opening post, you are prepared to support your daughter. She can be an active for her mother, to get supported by you. Unfortunately I have no right answer to this, but in some cases a lump sum of cash money can clear the way for a full custody, which seems what you wish most; I know a case where that has been a solution. @bob smith's reply on first page is actually quite good – apart from you won't solve the problem with your daughter – however, stopping supporting her, might ease the step to a solution with custody and a lump sum. The money shall of course only be paid by you, when you hare granted full custody and permission to take you daughter back to Europe. For that purpose she will need European citizenship in your home country and both a Thai passport and a passport from your home country. In both cases acceptance from the mother might be needed – but perhaps a full custody by court order can can change that, I don't have the knowledge – and furthermore you need a document from the local amphor district office, where the mother gives you permission to travel alone with your daughter; it's a standard document, which most of us need, if we wish to travel alone with our half Thai child. With passports and travel document you ought to be able to leave Thailand together with your daughter, and it might be easier and faster til solve with a mutual (written) agreement and some cash, than through the court system.
  21. Sounds like a recent change to the police order a few years ago, where you did not need to fill a new TM30 if leaving the province or even the country. However, not all immigration offices was aware of that, or just didn't wish to follow it. I was rejected 90-days online report last time, even that I had not being outside the province or stayed anywhere else than my home for the last 15 years, no new passport and a valid TM30. I'm enrolled as host in the new version (from last year) of the online TM30-system and of course registered there. When I instead arrived at the immigration office it seemed like a well known problem, no need for a TM47-form, just show my passport and it was fixed immediately, and a new slip for next address report stappled in.
  22. In principle holding both passports will work, as valid visas are still valid in a cancelled passport; the "cancelled"-stamp should also say that. However, it's best to get the original entry visa and extension of stay moved to a new passport, and also update passport number all places it's used for ID, like bank accounts and eventual drivers license. Also loyalty cards might use your passport number for ID, so you cannot cash point or benefits with an old passport number.
  23. I don't think so. 75 operations of both start and landing is not a lot within a 16 hours window; i.e., a separation time of about 6 minutes. Busy airports operates with 2-3 minutes.
  24. It's been like that – name page plus all pages with stamps – for a number of year at the immigration office I use to extend my stay. Just do what the asks for, doesn't help to argue or be irritated...
  25. Reasonable question; and yes, some katoys (ladyboys) can be so well made that it's difficult to see if a real woman or not. My friend that initially introduced me to Thailand's night life said: "First, always look at their feet, if too large: don't! Secondly, if she appears to be too perfect and too much lady: don't!" Most of the times it's however quite clear to see when it's a not real lady; often both the voice and the appearance. Perhaps also being sober might help; I see quite a number of non sober foreign men walking hand in hand with a ladyboy, and I'm not sure if the knows it – however, it might also be that I'm not aware of what amazing experience I might be missing, by being a boring straight...
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