Jump to content

mran66

Advanced Member
  • Posts

    1,248
  • Joined

  • Last visited

Posts posted by mran66

  1. 2 minutes ago, Pib said:

    While BOI likes to see tax returns they are not the only income documents they will gladly accept as proof especially if you explain why you can not provide a tax like maybe  you do not need to file in your country.  OR, you do have tax returns which you can provide but since the pension(s) is not taxable/not reportable  in your country the pension is not shown on the tax return....or the pension might only be partially taxable/reportable on a tax return which ends up causing the amount entered on the tax return to be a smaller amount than it actually is making it look like your gross income per year is less than $80K.

     

    An example of where a particular pension/benefit may not be taxable/not reportable is U.S. Veterans Administration (VA) payments.  A VA pension is not taxable by US tax law and since it's not taxable the VA does not provide an annual tax form for filing with your tax return because it is not taxable/not reportable on tax returns.   Another example is US Social Security pension that is "partially" taxable/reportable although they do provide an annual tax form.  

     

    So, there are cases where a tax return may not be available OR a tax return is available but due to tax laws you may not need to even show the pension or only partially show it on a tax return.   BOI is aware this happens but you should point out "why" you can not provide a tax return or why a pension some passive income does not show on your tax return.  BOI deals with docs from many, many countries and already know a good amount about taxes by country. 

     

    But since BOI would not know if in "your particular case" that certain tax laws may apply to "your" situation you should include a short memo in your application explaining why you are not including a tax return and/or why the tax return may not reflect a certain income/pension making it look like you have less income. 

     

    THEN you will need to provide another document proving you have the income/pension and the amount.  This is usually done by providing a document/benefit letter/certificate from the "pension paying agency" showing the income.  Like that VA example I gave where the pension is completely tax free and not reportable on a tax return, HOWEVER< the VA does provide a benefit letter/certificate that show how much you receive....the BOI will need to see that document.

     

    Summary: BOI will accept other income documentation; it does not have to be a tax return although BOI really wants to see tax returns on most applications as that can add support to your application.  But as mentioned it's not a "hardcore" requirement depending on particular situation which can explain in your situation.     And if you are from certain countries that tax worldwide income and a tax return must be submitted to the Internal Revenue Service (IRS) annually unless you don't make enough money to reach a certain low income threshold then BOI knows a US applicant who is making $80K/year mu t submit an annual tax return to the IRS and therefore would have a copy to provide a tax return "unless" they haven't been paying taxes/filing a return OR really are not making at least $80K per year.

     

     

     

     

     

     

    Thanks, so sounds it might be possible to pass the document hurdle. 

     

    In short, my situation is that my home country does not tax me for income outside of my home country, and I have no income from my home country. I do not even need to file tax return if no income from home country. Has been like this for over 20 years so filing tax returns is not something I am familiar with. 

     

    I have no pension, just investments and income from those. Most held in one financial institution so I could easily show my annual income in couple pages by printing annual report from their system. 

     

     

    • Agree 1
  2. 11 minutes ago, Ben Zioner said:

    "Immigration lawyer Jessataporn Bunnag said, “There is now a choice of visas for expats such as Elite or DTV. The LTR is really aimed at the super-rich"

     

    Amazing nonsense, the only visa designed for the rich is the Elite, and even more so after it's recent changes. It s for people who don't mind throwing millions of Baht out the window. While LTR is a sensible offer for the middle class.

     

    LTR is the only one with tax exemption (at least for now), but elite is under normal tax rules based on residency time. That tax benefit is many times more annually than cost of elite visa and the only reason I thinking how to get it. Elite is just last option for those who don't quality for any other visas. 

    • Agree 1
  3. 18 hours ago, Desmond77 said:

    In a nutshell, below are the changes:

     

    WFTP:

    1. Instead of USd150M over 3 years for private companies, it will be lowered down to USD50M.

    2. The minimum income of USD80k per annum over the past 2 years shall go out of the window

     

    WP:

    1. The minimum passive income of USD80K will be abolished as well.

     

    Dependents:

    1. Currently limit to 4 but there shall be no limit on the number of dependents soon.

     

     

    Was googling about LTR visa and this new about relaxed requirements came up, however no mention of WP category that would be relevant to me.

     

    My issue for application and meeting the criteria is not the income threshold, rather the required documentation to prove it. BOI LTR visa web page says the income needs to be proved by tax filing documents. My (fortunate or unfortunate( situation is that I do not need to file such income to my home country, so I do not have such tax filing documents to show. 

     

    Anyone familiar with the LTR application procedure would happen to know whether report from financial institution  would be accepted instead of tax filing documents in such situation?  Or know an agent or something that would know?

  4. 2 hours ago, Jack Hammer said:

    Sinking of vessels at sea can easily happen. My uncle drowned in his home-made submarine. When launched he forgot to close the back door.

     

    Read from another news media that a window had dropped and water came in.

     

    Probably an underwater window, just fixed in place with silicon thai style and dropped off. 

     

    Same level stuff as your grandpa case... 

    • Agree 1
  5. 53 minutes ago, JackGats said:

    I don't mind the price hikes. What I resent is walking around with a tray and not finding a place where to sit.

     

    ... So prices still too low to balance with space for customers. 

    • Like 1
    • Agree 1
  6. 3 hours ago, thaiowl said:

    When you submit a TM30 online, you get some kind of confirmation on screen that the information has been successfully sent. I take a screen shot of that. In addition, you can search by date for TM30's already sent, which should also have the information you have just sent.

     

    Few weeks ago when doing my 90day report in Pattaya immigration, I had the printiout of latest tm30 from the online system among the papers. Officer was browsing my docs and found an old (about a year old, done in person) receipt stapled in the passport, and handed over my online printout after finding it. Go figure.

    • Thumbs Up 1
  7. 16 hours ago, balo said:

    I was surprised to see that Pattaya has turned into some sort of cannabis heaven , but I can't see many customers inside, most of them looks empty?  There must be hundreds of them in the city centre alone.  How can it be profitable?  Most of the local Thais can't afford it 

     

     

    9 hours ago, KhunLA said:

    Most Thais aren't that stupid to pay those silly prices, just for pretty buds.  When 10 baht a gram gets you the same buzz  icon_rasta.gif

     

    Sounds like national parks... another dual pricing scam it is! 

    • Agree 1
    • Haha 1
×
×
  • Create New...