essexman
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I paid my 2024 income tax this week. I wanted a stress-free life here and decided to pay up. I went to my local tax office last November for advice and to register for a TIN. I should add here I get a company pension and a state pension paid directly into two Thailand banks. I've lived here for fifteen years and have no bank accounts in the UK now. I went back to the tax office on Wednesday armed with two bank statements for 2024, my passport and a photocopy of my wife's ID. I dealt with a very nice lady who helped me fill out the form. She added my pension payments together and then worked out my allowances. The amount was a bit less than I had worked out but I didn't mention it. I paid up, collected a receipt and walked out wondering what all the fuss was about.
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Would some kind person tell me the different allowances I will be able to claim when I visit the tax office? I have two small pensions coming directly to my Thai bank account from the UK. I know about the 190.000 for being over 65, and the 60.000 each for the wife and myself. I read somewhere that the first 1000.000 of my pension is not taxable, am I correct in thinking that? Now, one I've been told, but never seen written is that the first 150000 of my assessable income is zero-rated. Is this true? I have some health insurance and read somewhere that you can claim up to 25.000. Thanks in advance for any information. Also, I had some advice earlier in the year from Mike Lister. He was very helpful, Looks like he hasn't been active for quite a few months, I hope he is okay.
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Thailand's Expats Urged to Register with TRD for Tax, Says Expert
essexman replied to webfact's topic in Thailand News
Okay, well I won't bury my head in the sand. Today I will visit my local tax office and register for a TIN. Now, as I'm not that great on a computer I would appreciate a little technical help, please, Kasikorn has sent me three forms to fill out in a PDF format. Is there a way of filling out these forms without printing them off and filling the forms out manually? -
Thailand's Expats Urged to Register with TRD for Tax, Says Expert
essexman replied to webfact's topic in Thailand News
I too have received an email from kasikorn Bank. Subject: Request of FATCA/CRS information Inbox Search for all messages with label Inbox Remove label Inbox from this conversation K-Customer FATCA-CRS Update <[email protected]> Sat, Nov 23, 9:03 PM (15 hours ago) to me Dear Valued Customer, We, KASIKORNBANK PUBLIC COMPANY LIMITED, would like to express our sincere gratitude for entrusting us in providing you our products and/or services. As part of Thailand’s participation in the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA CRS), financial institutions are obligated to submit certain information to the Revenue Department, Ministry of Finance, in accordance with the Emergency Decree on Exchange of Information for Compliance with International Agreements on Taxation, B.E. 2566 (2023) and related regulations (hereinafter collectively referred to as the “CRS”). The CRS aims to combat tax evasion by individuals residing outside Thailand and to ensure compliance with international taxation standards. In light of these requirements, we kindly request your cooperation in completing the following steps: 1. complete and sign the attached forms, which include: 1.1 FATCA/CRS Individual Self-Certification, 1.2 IRS Form W-9 (if applicable), and 1.3 IRS Form W-8BEN (if applicable); 2. provide a certified true copy of your passport; and 3. return the completed forms and document(s) abovementioned to us by email at [email protected] no later than December 20, 2024. We sincerely appreciate your prompt attention to this matter and apologize for any inconvenience this may cause. If you have already completed these actions or your information has already been up-to-date, please kindly disregard this request. Should you have any questions or require clarification regarding the CRS or how it applies to your specific situation, please consult with your legal or tax advisor. You may also refer to the Revenue Department, Ministry of Finance, for further guidance. Please note that KASIKORNBANK PUBLIC COMPANY LIMITED does not provide you any tax or legal advice, and we shall not be held liable for any damages, whether direct or indirect, arising from your use of or reliance on any information provided by us related to CRS or taxation. If you have any questions or require any assistance, please do not hesitate to contact K-Contact Center at Tel: 02-888-8888, ext. 876. Please be informed that, in accordance with our policy, none of your personal information shall be requested via telephone or SMS. Best regards, KASIKORNBANK PUBLIC COMPANY LIMITED 3 Attachments • Scanned by Gmail What is this? Well received with thanks. Thank you for your email. ReplyForward Add reaction -
I find Antwerp, Greece and Singapore give strong signals and are pretty reliable.
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Well. I'm glad I posted now. Not everybody is a long-term member. Thanks for your valuable input.
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I don't recall mentioning registration. I went to several shops and 56.900 was the cheapest I could get the vehicle locally. Now, I'm sure some clever clogs will tell me where I went wrong or I should have done so and so. However, I'm happy, and at the end of the day, that's all that matters. I couldn't be arsed to scour the country to save a few baht. I posted this thread because I wanted to share the difference between the Honda website list price and the actual price you have to pay.
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Back to my original post. I bought a Honda Click 125 at a motorbike/scooter shop called Mityon in Pattaya for 56,900. The 5000 baht extra to the list price I was told was to cover delivery, number plates and pre-delivery checks. Apparently, Honda is fazing out the Click 125i and the 150. As to my wording of the original post, does it matter if I call it motorbike or scooter? 99.9% of you knew what I was going on about. I just wanted to share my experience of buying a new motorbike/scooter. At the end of the day, it's an open-seated motor vehicle with handlebars and two wheels. As this thread has gone a bit wayward I feel it wouldn't be amiss to advertise my new book that was released last week. "Pattaya Calling," is a humourous look at one man's trip to Pattaya. Available on Amazon.