smerty

Anyone else having problems logging in to Yahoo Mail or Finance?  I use AIS fiber and haven't been able to log in for about 2 weeks, just get a "this site can't be reached".  Anybody know what's going on?

Anyone know the current requirements for expats crossing the bridge to Phang-Nga, is testing still required when coming back?  What if you have family or property near Phuket and need to cross often?  Test every time?

Yes I'm talking about the big Tokay's, not jingjoks or geckos.  Several have invaded my room, and I cannot get rid of them. They hide behind furniture and everwhere.  I want to bait some of those big glue mousetraps, and try to catch them.

Anybody know what type of bait would be best to use to catch Tookgays in those glue mousetraps?

Thanks, you're so full of wisdom, a veritable fount of information.

Does anybody know if having 800,000 worth of Thai stocks in a brokerage account at a Thai Bank will satisfy the rule?

Anybody know if you can satisfy the 800,000 baht requirement by having a Brokerage account at a Thai Bank with 800,000 worth of Thai Stocks in it?

They did on my company

Are you paying VAT, or is the turnover too low for that?

Don't scold me for asking an irrelevant question please, it is just that it would surprise me if the Revenue Department would investigate a company with a comparatively low turnover.

When importing gold or silver legal tender coins, there is no duty payable. But must VAT tax be paid? Thai customs website documents no duty under HS code 7118.90.10 and 7118.90.20, but where can documentation of the answer on VAT be found?

Can anyone point to where there is evidence of whether or not VAT must be paid on Silver Coins? As per Thai Customs website, HS Code 7118.90.20 , silver coins are 'FREE'. But what about VAT? I have read on here that there is no VAT on Gold coins, is there any documentation for that as well?

Thanks for that, but I am not trying to play games with the rules, just trying to find out what the rules are. On Thai customs website and under WTO rules, the HS CODE 7118.90.20 is for "silver coin, being legal tender" and it is listed as "FREE". So it doesnt get any clearer than that, and a one ounce silver Canadian maple leaf that is a legal tender coin with a face value of $5 certainly is covered by this description, regardless of the fact that it has a sivler value of around $44. So by law, as listed on Thai Customs website, this item would be "FREE". My question is, does this mean no VAT tax as well, or not. And if not, where can documentation of that fact be found. I have imported them and had to pay only VAT, but would not like to pay that if it is not required.

I think this is about the 117th time this topic has come up. People keep wanting to try and play games with the rules. Put simply, you are crazy to try and make this argument unless you have previously bribed the customs official.

I have only spoken with the guys at the airport. Our resident expert Naam has more interactions with shipping agents and bringing in container loads of precious metals. So understand my perspective. From the guys at the airport, a legal tender mark on a coin is irrelevant. It can not be exchanged at any bank in Thailand for local currency, therefore it does not serve the purpose of currency when you bring it in. Hence, don't try and BS them. Their opinion is that people who try to make this argument are being disingenuous, and trying to cheat the system. Of course, they may allow you to get away with this argument if you are willing to exchange said coins for THB from them...at face value of course, since this is what you are claiming they are.

Yes, you have to pay VAT on all coins that are not primarily intended to be used as legal tender, as you would on any collectible. Only gold is exempt from this. You can try and get a legal opinion if you want. I wish you the best. I even encourage you to go see a lawyer about it for all the good it will do you. They know what these coins are. You aren't the first person to have tried with this argument and failed. The customs officials have wide discretion in how they interpret this rule, and they have made clear in no uncertain terms that you must pay VAT on all bullion coins except for gold which is specifically exempt. Argue with them at your own peril.

As Naam has pointed out previously though, if you try to import several train loads of gold bullion as he does to fund an afternoon of shopping with his wife, they will astonishingly claim it is clearly not for personal use and refuse it with the not surprising argument that you don't posses a import/trading license. As if anyone can buy a bottle of wine or a pack of cigarettes with less than 3 gold bricks. The guys at the airport have never seen someone try to push a wheel barrel full of gold through the green lane, so they don't worry about this trifling detail.

When importing legal tender silver coins under the HS CODE, 7118.90.20, on the Thai Customs website, it says "FREE". So this means no duty. Anybody know if you have to pay VAT tax on them or not? If not, where can proof of this be obtained to show customs dept.? Hope to get an answer from Sunbelt Asia. Thank you.