Thailand J
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The Investing Year Ahead
Thailand J replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
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The Investing Year Ahead
Thailand J replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
US tech sector is the mother lode. Make sure you have some exposure in your portfolio. Probably I have overloaded but the risk is rewarded. I cant resist NVIDIA, bought 440 sh at $598/sh 3 weeks ago, it's up 20% closed at $720. -
It was simple and fast since I had reported TM30 online. Wiith the online reporting screenshot printout, no copies of prove of address documents were required since I had uploaded them online. The worst part was the line getting the queue number, depending on your luck.
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TM30 or not ? the best place to ask is your immigration office. While we all know the rules the enforcement varies. I was required to get a new TM30 receipt in Jomtein for going out side of Thailand and returned to the same house with re entry permit.
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Looking at Thai Tax Code Section 42 (10) and (12), inherited income should be tax free here. She will need to show that the money originated from inherited ROTH. I don't know about joint ROTH accounts but if it is your individual ROTH, the account name will change to " Inherited ROTH" once she inherited it from you, and the statements will show " inherited ROTH", so it's not difficult for her to show it's inherited. If she would like to keep the inherited ROTH in US but worries about the bank may close her account for not having a US address, consider Schwab or Interactive Brokers brokerage accounts which accept Thai addresses.
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Toilet-Bowl Cleansing: What is best method; and best products?
Thailand J replied to GammaGlobulin's topic in DIY Forum
baking soda. Vinegar. Bar Keeper's Friend. Oxalic acid in powder form order online if you know how to use it, it's what you find in Bar Keeper's Friend. -
Tax code may have some clue but Tax form is what you should look at to answer your question do you need to fill tax return with only one type of income. If you have not look at Thai tax forms it's time you do. You won't find any section or any line to report non-taxable income, the like kind as those in Section 42. Top of form PND 91 clearly stated section 40 income only. Every section on tax form PND 90 is clearly under subtitle correspond to 8 parts of section 40. Would you submit a blank tax form with your personal data and signature? The threshold of 60,000B or 120,000B income to file tax return is also section 40 income, it cannot be exempted income, again, where do you enter the 60,000B/120.000B exempted income on the tax form? Also my opinion :)
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Cheapest/Best Way to Water My Lawn? (not including water price)
Thailand J replied to GammaGlobulin's topic in DIY Forum
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"Section 42 The assessable income of the following categories shall be exempt for the purpose of income tax calculation:" SEction 42 is a list of nontaxable income, do not have to be reported. Section 5 of RD 743 exempts foreign income earned in the previous year and remitted into Thailand. This foreign income became non-taxable income,the same as those listed in section 42 , in Part ii of Chapter 3 of the Revenue Code. None of these non-taxable income needed to be included in your tax return if you had to file one for whatever reason. There is no line on tax form 90 or 91 for these non-taxable incomes and it's not correct to add them to taxable income. My opinion.
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I knew my monthly payment when I sign in to My SS account and downloaded the letter in late Nov 2023. My January payment already shows COLA.
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Motor Vehicle "Scratch and Dent" services in Pattaya
Thailand J replied to RemyDog's topic in Pattaya
https://maps.app.goo.gl/TPCBTn9y8YYqeH3A8 RS Terminal is behind PP Autosport. Insurance paid for the job and increased the premium, the reason why I changed insurance company, and pay out of pocket for small jobs. Been here many times, Mongkol Jaroenyont Garage, cheap and good work. https://maps.app.goo.gl/9n4d3TYMbFcfC3nE8 G Car is a big shop but will take small jobs. https://maps.app.goo.gl/pi7Ygsjz5quRaSdH7 My car was here for 3 months after a serious accident, drives like new after the repair, don't know if they accept small jobs : Ch P Garage https://maps.app.goo.gl/rSeUfkQacMyG275M8 -
The Investing Year Ahead
Thailand J replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
https://yardeni.com/charts/presidential-cycles/ Since 1929, 3rd yr of the presidency terms were the best for stock market, average 14% gain. Whatever that means. -
The Investing Year Ahead
Thailand J replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
I am fully invested, my question is what to sell. I am invested in US stocks. US large companies derive up to 60% of their revenues overseas. -
1 USD = 34.33 THB https://fiscaldata.treasury.gov/datasets/treasury-reporting-rates-exchange/treasury-reporting-rates-of-exchange
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