Metapod
Advanced Member-
Posts
972 -
Joined
-
Last visited
Content Type
Profiles
Forums
Downloads
Everything posted by Metapod
-
Thailand Plans Year-End Ban on Recreational Cannabis
Metapod replied to webfact's topic in Thailand News
its been no rules weed for over a year and everything is fine. the world didnt explode. maybe it isnt so bad? -
no thanks, i'll take lower cost of living and coruption over "clean" energy and public healthcare that I can't access.
-
Thai Health Minister Proposes Marijuana Bill Focusing Only on Medical Use
Metapod replied to webfact's topic in Thailand News
People openly smoke cigs and drink alcohol in bars and restaurants where there are children inside. What is the difference? -
That isn't how DTA works. If you are a tax resident with assessable income, you are still going to have to file a tax return in thailand. you wil also need to translate and validate swiss documents, so you are going to have to hire an accountant. this can't be a bog standard thai accountant that deals just with thai tax returns. I'm honestly shocked how financially illiterate everyone here is.
-
No, that isn't how it works. A DTA doesn't make you tac exempt. You still have reporting requirements in 2 places and will need to fill tax returns in Thailand. This means translating documents, hiring an accountant, submitting tax forms every year to RD. Have you read your specific DTAs? Many of them just specify who has first rights to tax, not exclusive taxation rights. In many DTAs you will pay tax in both countries and rhe country with first rights on tax will provide a credit you can apply to the second country to prevent being taxed on the same income twice. If the rates in the second country are different, you pay the difference. Thaikand has much lower income bands than a lot of other countries, so many people will pay twice in both areas. It all depends on the DTAs but regardless, everyone will have a burden of dealing with more paperwork and beauracracy Also a lot of people have income that isn't covered by a DTA
-
the current system is fine. they made weed legal and the world didn't fall apart. the less government involved the better.
-
AIS Fibre and 3BB unite to boost Thailand’s home Internet industry
Metapod replied to webfact's topic in Thailand News
the competition is what caused thailand to shoot up in the rankings for quality fiber. this is going to stagnate the market with a duopoly forming between AIS vs True -
a global taxation like the US would be even worse than what is being proposed. thailand had a good system already and its one of the reasons why thailand has a lot of wealthy expats and foreign investment. all of the wealthy expats are gone if they are going to be taxed on worldwide income (me included)
-
The freedom to move: how Bangkok is improving its sidewalks
Metapod replied to webfact's topic in Bangkok News
they did a great job with sukhumvit sidewalk. so many bitter negative old <deleted> on this forum -
So from all of this, my take away for my situation is to simply remit less money into Thailand and pay tax on what I remit. I had planned to make some more investments here but I'll be parking that money abroad and investing outside of Thailand instead. I'll also consider any large purchases or plans domestically as well if it will cost me an additional 30% to do it locally. I travel abroad frequently, so I'll do my major shopping in other countries and things like elective surgury for LASIK etc will just be done elsewhere.
-
Thai ‘super app’ set to launch with 10,000-baht digital wallet scheme
Metapod replied to webfact's topic in Thailand News
not just the truckers. they also shut down bank accounts for those who donated money to the protest. i agree, the future is <deleted> and the idiots will sell their own future away for 10,000 thb and be none the wiser. -
More details on Thai taxation of overseas income
Metapod replied to webfact's topic in Thailand News
taxation is theft -
Open Sesame! Thai government to review operating hours
Metapod replied to snoop1130's topic in Thailand News
I prefer the 2am closing time. I'll tell you why 1. It encourages people to get started and go out earlier. It's easy to go from dinner to party. In the west, so many young people stay home until midnight to pregame as "it's dead until midnjght" 2. A good short time is better than a long ebb/flow. I like knowing 10pm to 2am is going to be a solid party block and what I'm in for. It's only on rare occasions I want to party until the sun comes up as it <deleted> up your next day 3. If everything shuts at 2am, it gets the girls out of the bars and into your bedroom faster Less dancing, more <deleted> -
Thai PM vows enhanced security after deadly Siam Paragon shooting
Metapod replied to webfact's topic in Thailand News
It's got nothing to do with security, it's a mental health issue. Honestly, freedom means you also need to accept some risks and <deleted>ty things go happen. You can't solve this by turning into a police state. People still get attacked and killed in prisons.