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khunPer

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Everything posted by khunPer

  1. Thanks for your reply. Tax residency means that you physically stay in a country for 180 or more days during a calendar year. If you have any kind of taxable personal income, you should be able to obtain a TIN (Tax Identification Number), some banks may ask for that, even you are not fully tax resident. If you are UK resident, you should look into UK tax law, and if UK get any information from offshore banks, and how capital income and capital gain are taxed in UK, if you are not fully tax resident there. In my Danish home country, we are for example not taxed from interest and capital gain, when not fully tax resident. So, when legally tax free, it doesn't matter what a bank reports; it can even be a benefit when claiming dividend withholding tax to be reduced, when being tax resident in another country with lower dividend tax. To my knowledge, the Thai tax department won't get any banking information shared from an offshore bank. This is the trick being tax resident in Thailand – or a country with similar or even better tax-rules – that as long as funds are keep offshore, they are not taxed.
  2. No, I make a good return – this year so far +26% – but I use a trading platform and invest myself in selected stocks.
  3. Probably not possible anymore from 1st January 2024, but details are still missing... Otherwise, the system is that you have any kind of offshore income a place where it's not locally taxed – which might depend of your country of origin – and just leave any income/profits from one year to the next, or any later year, where it's magically has been transformed from income to saving from a Thai point of view. Savings is/was until 31st December 2023 free of income tax when transferred into Thailand. Unfortunately we don't know at present, exactly what happens after that date... Offshore investments can be done by many means. You might be able to open an offshore account with an attached stock market and currency trading platform – for example from Saxo Bank (link is for Singapore, it's a Danish investment bank with multiple local branches) or – depending of your country of origin – use a home country bank and trading platform, if your home country don't tax capital gains. Some countries also have a Double Taxation Agreement with Thailand, which might reduce dividend tax to 10 percent; note that here you need to transfer the dividends into Thailand in the same year as it's earned, and declare the dividends in your Thai tax return form...
  4. Would probably be a (lot) cheaper to visit the local immigration office and get a letter with address confirmation; it might cost you 500 baht in fee, some places it's even free...
  5. If you wish to change method, you need to have 65k baht minimum every calendar month during a year; furthermore you still need your bank deposit of 800k baht – if reduced to 400k during the extension period, it must be topped up two month prior to application foe extension – to be eligible for another extension of stay. Paperwork depends of where you stay and the local immigration office. Apart from the financial side, the can be variations in what paperwork is demanded.
  6. Sorry to read about your problems. One's permission to stay in Thailand based on marriage will be void when the spouse dies (or get divorced). As others have mentioned, there are however solutions, especially the route with extension based on retirement or due to health. You might be able to use the so-called combination method, where part of the annual 800k baht deposit is monthly retirement transfers, and the remaining part a bank deposit of not less than 400k baht; 400k baht being the minimum for a bank deposit. Your monthly retirement pensions need to be 33,400 baht each month – be aware of eventual changes in currency exchange rate and transfer fees – if you have a 400k baht bank deposit. The higher bank deposit, the less monthly transfer. Another poster mentioned mortgage as a possibility; revenue from sale of property might also be a possibility. Yes, you – or rather the estate – have one year to sell property and divide the revenue. If there is no Thai will you will be eligible to half of the estate. Preferably always make a will in Thailand if you wish your property to be divided separately from the Thai law. To my knowledge you (the estate) normally have one year to sell or transfer property. I specific mention transfer, if there are some registered "servitude" like right of habitation; which can give you permission to still live the house. In such a case, financial gain might be limited, as a habitation right can be living for free. Quote (from above link in the text): The grantee of the right of habitation does not pay rent to the grantor. If there is rental payment made, the matter becomes a tenancy. A right of habitation may be created for either a specific period of time or for the lifetime of the grantee. In case the rights are granted for a specific time period, the law states that such a period may not exceed 30 years; if a longer period is fixed, it shall be enforceable for only 30 years. The grant may be renewed for a period not exceeding 30 years from the time of renewal. Lastly, the right of habitation is not transferable by way of inheritance.
  7. Some countries offer a one-year non-O visa based on marriage, which gives you 90-days stay at each entry and is valid for one year; i.e. you can get almost one year and three month if you enters last time the day before the visa expires. You need to extend stay with 60 days based on marriage to get more than 90-days in Thailand or make a visa-run to a neighboring country, which I presume still can be done by land border crossing, perhaps others can verify. I used one-year non-O the first couple of years I was here – by that time I could get it based on retirement – and crossed the border to Cambodia for a lunch break to get my next 90 days.
  8. This should bring climate activists up in the red field, as increased travel – and especially by air – should in their view be extremely bad for the progressing climate change...
  9. No, only money in the bank. It's when you apply for extension of stay, there is a two month maturing demand.
  10. The link is HERE. It's a new website that opened around 1st October. You need to register again as house manager, as no information from the old system was transferred to the new system.
  11. If from my country, which is Denmark, nothing happens if you don't have family to take care of the remains' business and pay. Is one's remains in form of body or ashes of any importance, if the family don't want it – personally I don't care about my ash, after I have moved on.
  12. If the pub allow a cork-charge, it's allowed; otherwise not. Cork-charges I've seen could be from 100 baht to several hundred baht.
  13. Brand names copies are available from the night market – might be excellent quality – I'm however not familiar with, if the sellers have a space for testing the size before buying; I presume it's not allowed to undress and try underwear in public... Real brand names can be bought in shopping malls, brand name shops and department stores, they often have a test room (at least for ladies underwear). I'm a Cheap Charlie, so I use to buy my undies in BigC, 4-5 pair for 99 baht... Boxer short are more expensive, but from around 100 baht – they might however not have well known Western brand names.
  14. Not correct. The 600 baht is not from Social Security, but a government air. Social Security old age pension requires a number of years membership and is dependant of how much you have attributed yourself...
  15. Foreigners in Thailand can get a TIN (Tax Identification Number) at the local customs office. You need either a work permit, or proof of being a tax resident. The latter means proof of staying in the country for more than 180 days within a calendar year. The office might also wish proof of income. Tax return is now online and needs to be done in Thai language. You can download the P.N.D.90 form in English translation, so you know in which form-numbers to state your income. Otherwise, the local tax-payment office will normally be kind to help you.
  16. When using the UK passport for travelling back to UK, expiry date is not an issue. Even with an expired passport people will normally be allowed into their home country.
  17. It just says LG Direct Drive Inverter 8 kg, it seems to be THIS MODEL. The direct drive motor makes it very quiet, instead of the heavy weight on the tumble wheel. I bought it from one of the chain shops – that delivers and install the machine – for around 15,000 baht. You might be able to find it cheaper online, but on top comes transport cost and you need to install yourself.
  18. In this case the question is about a changed visa to non-O, which normally takes place after two weeks from entry date and extends the permission to stay to 90 days from the first entry date. By the time for application for non-O, the applicant needs 800k baht in a Thai bank deposit, which often will be a new bank account. As the funds needs to mature 2 months before application for a one year extension of stay based on retirement, the next application will normally take place two weeks before the non-O permitted period og 90-days expire. The following years you can apply for one-year extension of stay up to 45 days before your present period expires; however, some immigration offices only allows 30 days.
  19. I have a fairly new LG. The machine checks the weight of the laundry – or the amount, I got no clue how it works – and adds just enough water to clean it; saving water. LG is a fine laundry machine...
  20. If you have a Thai speaking partner, I would suggest you let her(/him) visit the local Tessa Ban-district office and ask for advice there. You will probably be allowed to cut overhang vegetation, but just in case there are some local regulations, I would ask first.
  21. Unfortunately yes, there are not enough quality tourists arriving at the moment, so those people are instead let in...
  22. Normally two weeks before your permitted stay expires. At that time you your 800k baht bank deposit needs to be mature for two months.
  23. Something similar to that many (young) people like boy bands and girl band in the West – good looking young (sexy) men and attractive young (sexy) girls performing middle of the road contemporary reasonably quality musical works. Furthermore, musical taste is slightly different in different parts of the World. K-pop is huge business, 20% of the World's population – almost 1.7 billion – lives in Eastern Asia; so. lots of funds can be invested in selecting the right performers, styling, choreography, musical works, videos etc. etc..
  24. Seems like you shall just shop for 50k baht of your taxed foreign transfers and make an e-refund application...
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