shaun77

John 1

This thread is Bank saving interest rates,if i can get an extra 15% perfectly legal interest on my saving

I want to know about it.

Don"t you

Purely for the sake of being pedantic , reclaiming the 15% withholding tax would amount to an extra 17.6%

Sophon

Purely for the sake of being precise i did calculate it costing me 2.6% for fuel,wear and tear on my car

plus of course paying for my time to get to the tax office

BTW, has anyone else noticed that the fixed deposit interest rates have dropped significantly over the last couple of months? For example, in the middle of last year, SCB was offering 3.35 and now they're offering 2.6.

There's a real risk that BOT could lower the bank rate, that would make THB less attractive and cool the foriegn inflows to some degree. If that happens expect rates to go even lower - blame it all on Abe in Japan and his QE.

Or Ben Bernanke

The dollar has been under 30/1 for days now

Must be hard on folks who retire here on SS income etc.

Just in the last 5 years the dollar has lost 20% against the baht

Yes but that is the US$ drop not the Baht gain but what the heck Ben B will print some more.

The SCB and others in mid November were offering a special rate of 3.85% for 22 months on TD as of yesterday it was 2.5% for 4 months, not good for those of us trying to get some interest on the 800kb we have to have in a bank.

You can still get 3.05 % for 4 months from the Tanachart bank

tax witheld 2012 you claim back from 1st jan.2013.

the other 2 questions regarding the time limit and back tax for previos yrs.i will post later today as the wife is going to the tax office to put in our claim for 2012.

if you havnt claimed before you have to register at the office they will give you a personel id.no. with a card that has your address on,i have posted earlier what you need to take with you,or your th.wf.can do it.

tax refund arived today less than 2weeks from the date we made the claim.

Very interesting when this thread is about interest rates.

John 1

This thread is Bank saving interest rates,if i can get an extra 15% perfectly legal interest on my saving

I want to know about it.

Don"t you

I went to the tax office in CM today to get my refund on tax paid on my fixed accounts and it all went mostly quiet smoothly, there was an anxious five minutes at the outset where I was told that only tourists staying less than 180 days could reclaim tax and since I was resident I could not, it was quite funny actually because I held my ground and she held hers but she quickly gained the support of everyone else in the office. As soon as I realised they were talking about a VAT refund and I was talking about income tax and made the difference clear there was smiles all round and I got excellent service - the message here is that farangs reclaiming tax on bank accounts is not that common so be prepared that the office you go to/person you speak to may initially think in terms of VAT rather than tax so be clear from the outset.

After reading this excellent thread,i also went to the tax office this morning taking my Yellow Tabien baan book and my passport.

The tax people could not have been more helpful,i gave them my withholding tax invoices for the past 3 years that i had received

from the banks,they assured me i could claim for the past 3 years and they issued me with a tax ID card saying the refund

would take about one month but i could apply for the refund on line next year