Thailand J

I have a Fortuner with duel fuel systems. The LPG system needed an inspection for tax renewal yearly. All the shop on Sukhumvit Road in Pattaya did was just took a picture of my car, super imposed the picture showing a absentee man infront of my car. The picture was part of the document for tax renewal. Since then I have been going back to where I have installed the system for yearly inspection, where they really do an inspection for the same price as the sleeze shop. Here:https://maps.app.goo.gl/769v6ApuwfuLUqdh9

I have stocks and very little cash. I had bond holdings until 11 year ago when sold them and invested the money into BRK/B at about $104 per share. Today BRK/B is about $450 per share. I was going to sell BRK/B whenever I needed cash but I have been selling other stocks with less capital gain to minimize tax.

I just got a renewal notice from AXA. My insurance with 300k deductible is practically useless other then for LTR visa requirement. Premium has increased about 2000B to 19000B, that is only a negligible fraction, 0.6% of $100k. Not only that I can invest the $100k in stocks, I also moved my 800,000B non-o retirement visa deposit into stocks. S&P500 is up double digit year to date. With insurance, paperwork is also very simple.

You can pay 1040ES there, and check previous estimated payments record. Your US bank info can be saved for future payments.

I can't answer your question since I have not tried to access EFTPS on Login.gov. Just want to say I find it simple just pay estimated tax on IRS account. I can sign onto my IRS account with Login.gov or ID.me. Not sure but I think if you want to pay on EFTPS, you have to sign in on EFTPS website, and still have to remember password etc, IRS account is simpler.

Looks like he has better luck there. https://www.philippines-expats.com/topic/35842-first-time-traveling-to-philippines/

From my experience with Bangkok Bank, my 100K secured deposit does not qualified for the 800K immigration visa deposit because the amount is not available until you have cancelled the credit card. My credit limit is 100k ,100%, not 50% of secured deposit. Priority boarding by showing the Air Asai card or Bangkok Bank app with a picture of the card.

Thank you for your replies. Another question: is there a fee to convert USD to THB in your Wise account prior to sending the THB to Bangkok Bank? I can use my Schwab ATM to avoid transfer fees, but the Wise exchange rate is more attractive, if there is no conversion fees.

I don't have a Wise account. For about 40B, is there a limit to the amount to transfer? If there is , whats the fee for higher amounts, say B300K ?

Try again by sending international wire with Bangkok bank swift code( not ABA number) and their Bangkok address. I get TT rate which is published online.

huh? Chase acting as corresponding bank has no fees, both at Interactive Brokers and at Schwab. Screen shot below was from just a few moments ago.

Google spreadsheet. There are youtube tutorial videos, for exemple:

Someone suggested to me she was referring to Thai Mutual Funds investing abroad.

Long term capital gains have been taxed at coorperate level before they were distributed to individual investors. At individual level we get a tax break. 0% up to about $47,000, then 15% up to about $400,000. Top rate is 20%. There is also 3.8% "obama care tax" for high earners, all together it's still much less then the 35% Thai tax rate. Kamala is pushing 28% top rate, still a hard sell. Only a crazy government would tax capital gain at 35% .

Thanks for the youtube post. At 26:50, if Roth IRA distribution is tax exempted it will lift a heavy burden off me. At the end of the video, Hong Kong Trust sounds interesting.

Get one with a ceramic pot. Clay pots are hard to clean.

In the bathroom and kitchen ceiling I use LED 6w circular panel. In the kitchen under cabinet light is a must. IKEA has a nice under cabinet light set but i just use a small tube from Homepro. Bedrooms and living room I have LED MR16 3W-5W (see pictures below), which I seldom turn on. Table lamps with fabric lamp shades are much better.

Some may think cheating is unlikely to get caught here..plus the magic of brown envelope will keep you from harm. but I know I can't sleep well if my tax is not in good order...I may walk into a tax revenue office to confess 🙂

I don't mind paying some tax but applying current Thai tax code on US capital gains is ridiculous. I will end up paying up to 6 times more tax here. Thailand can kiss my $ good bye.

In the article, Kulaya Tantitemit, the director-general of TRD stated income tax would not include income from mutual funds investing abroad. Let the forum members read the article and make up their own mind, I don't like to dwell on this .bye. .

thats is true in the past, were talking about whats gonna happen according to new statement on BP from someone from TRD.

I read the Sept Bangkok Post article, did you? Did you see mutual fund investing abroad? Pause the youtube video below at 16:44.

Bangkok Post article stated excluding income from "mutual funds investing abroad." I don't believe US mutual funds dont fit the Thai mutual fund definition so much so that they arent considered mutual funds.

I have read the article, very few useful info. It appears that TRD is targeting overseas earned income and overseas private fund inventing income. Overseas mutual fund investment income will not be taxed, which is the opposite of what used to be.

Jomtein Air remove the stickers before installation. Ask them how. 0868899001.