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Sheryl

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Everything posted by Sheryl

  1. No, he meant start effective the 2025 tax year. Taxes on that would be due March 2026. And that assumes it not only goes through, but is enacted within 2024. It is a revision to the actual tax law so a bigger change that the last change on remittance was and will take time.
  2. Above is correct if what you meant was tax on interest. Banks will take it out, unless you go through paperwork to prevent this. They do this neither knowing nor caring if you are tax resident. Even non-tax residents are subject to tax on income sourced within Thailand. Always have been. If what @Middle Aged Grouch meant was banks taking out taxes from remittances from abroad, not likely to happen. Not their job and too many factors go into w what if any tax might be owed on it (tax residence status/overall income/source of the funds etc etc.) Banks are not the Revenue Dept. However banks could, and well might,inform RD of remittances received from abroad.
  3. Tax credit can certainly be applied if you are taxed in UK on this, but there is also a chance the wording of the UK-Thai DTA gives UK and not Thailand right to tax rental incomes from UK sources. Absolutely essential to read your DTA. Watching and waiting will nto tell you what is in it, and reports from people of different nationality and/or different financial position may not apply.
  4. Exactly, and what I do. Which means I have to keep in the bank in Thailand 800K plus what I need to live on plus a small cushion to that. At any point o f time I have from 1.1 - 1.5 million in Thai banks, I am considering switching to the monthly income method as my SS has now reached the level where it is adequate for that. The drawbacks are (1) have to keep a close eye on exchange rates and be prepared to bring in additional money if the exchange rate drops enough, since the requirement is in baht; (2) have to worry about timing. My SS has arrived regularly between 1-4th of each month so far but I recall past reports of people who received their September payment on August 30/31 (because the 1st is a US holiday) and lost their extension accordingly because IO was rigid about transfer every calendar month. So it is a trade off. The money in the bank money forfeits interest but is about the surest, safest thing one can do. I currently get 5% interest in US and a little over that in Cambodia. So Thai rates are indeed very, very low. Made even worse by my IO not accepting fixed deposit accounts. So my 800k receives essentially no interest.
  5. No, American mothers say this too. Or at least did whrn I was young.
  6. What does the UK - Thai DTA say about rental income sourced in the UK?
  7. @jonclark do you (or anyone else with experience filing Thai tax returns) happen to know if by filing online one bypasses the local (provincial) RD ofgice? Having previously spent 2 days arguing with mine about whether such a thing as a retirement visa/extension existed I would very much like to avoid any future dealings.
  8. There have been reports that they are revising the forms and with specific mention of adding fields for tax credits.
  9. Exactly what I do. But that means I have to bring in more money for living costs. In the good old days, I just topped up my account once a year then drew down on it for living. And yes interest rates here are lousy.
  10. Are there people/places in Thsiland who can do this?
  11. Is that in Thailand? I haven't seen Boots brand drugs in Thsiland.
  12. It is already effectively 1.2 million (more or less, depending on your living costs) given that you cannot use the 800k for living costs for 5 months of the year.
  13. There are several online pharmacies in Thailand, easy to use. But unnecessary just for ibuprofen. Ibuprofen often comes as enterically coated tablet or capsule so usually not advisable to break in half. Normal adult dose is 200-400 mg at a time.
  14. You are right my mistake. I often confuse these 2 provinces Suggest OP go to Nakhon Phanom provincial hospital using the "after hours clinic" (usually starts around 4 PM) and tell the nurse he needs a doctor who speaks English well. Going through the public channel he will not be able to specify this and also will see only student doctors or interns. Alternatively could go to Mukdahan Int Hosp and tell the nurse/clerk he needs an English speaking doctor. (Despite the " International" in the name not all doctors will speak English but some will ...and among these, some better than others).
  15. The existing tiles are securely installed. I know I could install new tiles over them but as mentioned do not want to as it will result in adjacent floors on same level having different heights and be unsightly where the kitchen floor meers the living room parquet floor. Ideal solution would be to somehow put a new top finish on the existing tiles. No idea if possible?
  16. Have you spoken with the bank's Head Office? Should not need a court order to get your own bank recordd.
  17. Exactly. I selected it because I have little assessable income and the tax I would owe would be completely offset by tax credits for tax paid in US. Not refusing anything, I"ll try to comply with the rules. But in my case I'm facing just paperwork headache and maybe accountant fee, not a real new finacial burden. Others may be.
  18. The problem is that may have some assessable income but much larger cash flow of non-assessable income. And the assessable income may be so small as to clearly not be enough to live on, thus sure to trigger questions. With provincial staff who may never have heard of a DTA.
  19. Same is true at Golden Jubilee medical center in Salaya (affiliated with Mahidol) but without knowing what the problem is I can"t say if either place apprppriate. Also no way of knowing what level of English fluency is really needed. OP needs to provide some details.
  20. Have you tried taking 200mg rather than 400? Works fine for many people. This and related medications does have potential for serious adverse effects (especially if used often) so prudent to take the lowest effective dose.
  21. Reading this with interest as I have related issue. The tiles in my kitchen and (to lesser extent) office area and foyer have a lot of dents (installed in 1997). Unless anyone can suggest some means of refinishing them or the like, I need to re-tile. It's an open floor plan and the kitchen borders on the living toom area which has parquet. So if I tile over the existing tiles the kitchen and living areas will have difference in floilor level and I am bound to trip, stub my toes etc. On the other hand removing the old tiles, which are set in cement, would be huge and messy job to say the least. Open to suggestions....
  22. No idea. The time I was called in, it was just a month or so after filing i.e. it occurred when the provincial RD first saw my return. I think it was more questioning before accepting my return than an audit as such. Later audits could of course occur but would be more likely in cases involving (or suspected of involving) large amounts of money.
  23. Ibuprofen can be bought at any pharmacy 400mg dose is more common but I have bought 200mg strength also. May have to shop around a bit for it.
  24. The RD does not state what is "acceptable proof" nor require "proofs" to be submitted with tax returns. They can call you in for questioning later if they have doubts about your return. In my experience when they do (usually they do not) , there is no specific defined proof you must show. Depends on the situation and the person interviewing you, who needs to feel satisfied with your answers and that they have done their due diligence . It does help to have some sort of supporting documentation where applicable but there is no specified requirement. If you try to claim you live without any sort of income, or an implausibly low income, they aren't going to believe this. But if you have a reasonable explanation consistent with the return you filed, I think will be OK. The biggest pitfall I can forsee is if the tax forms continue to have no way to show non-assessable income and you live mainly on same.
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