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Homburg

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    Using dollars in Cambodia is stupid

    in ASEAN NOW Community Pub

    Posted

    One option for those who don't want to get screwed on the US$/Riel conversion is to bring US$ (good condition notes only, and higher value notes really need to be almost pristine) and convert those to Riel at one of the 10,000 or so exchange places in Phnom Penh.  (There are many such places because tourists spend US$ and the recipients want to convert those to Riel - so it's big business). There are several such agencies close to Olympia Mall in St 217 (Blvd Charles De Gaulle) and around the south-eastern corner of Central Market so competition is fierce and the rates there are normally above R4,110, but shop around.  The same applies if arriving with THB/Euro etc.  It is not easy to spend THB outside of the border areas (Poi Pet etc.)   If you are spending $, many of the bigger stores have a published US$/Conversion rate between R4,100 and R4,150 (usually a notice at the till) and their computerised tills compute the correct change in Riel and $ when you pay in $.  BUT carefully count your change, check both sides of all $ notes that you get back in change and never hesitate to reject a torn, marked or worn $ note.  The condition of the note is less important with Riel, but the same applies if the Riel note is in very poor condition.  It is also possible to open a local bank account either in US$ or Riel to avoid ATM charges but it costs more in visa fees to get the correct visa for account opening (not a Tourist Visa) so it's not worth it unless you are either a frequent or long-term visitor. Only withdraw Riel from ATM's to avoid the risk of getting a dud $ note - yes, it happens!

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    Soi 6 girls are too well fed

    in Pattaya

    Posted

    10 minutes ago, Henryford said:

     

    I wonder how they got such precise weights for each country? Did they weigh them all? Or is it jusr extrapolated from a survey of 100 women.

    For Thailand it seems that they may have surveyed the whole of Soi6!

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    Change in the tax law does target expats living in Thailand and extends reporting obligations

    in Thailand News

    Posted

    9 minutes ago, Can samui said:

    Ok, here are my concerns.

    I will say, it will be nearly impossible for a foreigner to file his own taxes so there goes 20,000 to pay an accountant to file for you.

    Embassies no longer issue statements of income for visa extension purposes so cannot see them issuing proof of taxation.

    Who will be responsible for confirming the paperwork at immigration for visa renewal. Dont think there are many tax lawyers at the local office.

    This is going to be…interesting. 

    Absolutely, plus the Thai tax office will no doubt use an "official" exchange rate that bears no relation to the actual exchange rate and maximises the tax take. 

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    Change in the tax law does target expats living in Thailand and extends reporting obligations

    in Thailand News

    Posted

    4 minutes ago, MangoKorat said:

    As I understand it, and I may well be wrong - double tax agreements don't prevent you from being taxed in Thailand.  My understanding is that if the amount of tax you paid in your home country is less than you would have paid in Thailand - you will have to pay the difference.  That might not be the case in many situations but one group that may well be affected is those on a pension.  For example, if your UK pension is less than the tax threshold - which many are, you don't pay tax on it in the UK.  However, even the basic UK pension is over the Thai tax threshold and therefore, according to my understanding and what I've read, it will be taxable if you bring it into Thailand.

    The way that I would expect this to work is that you compute total Thai taxes due on your gross income, you are then allowed to deduct from that total any taxes already suffered, leaving a net amount payable in Thailand.  Please note that if the taxes paid elsewhere exceed the Thai taxes then no refund is due!

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    I love Cambodia....

    in Visas and migration to other countries

    Posted

    22 hours ago, Sheryl said:

    Sounds like just a glitch on their website.

     

    Nice of them to explain and offer to correct it manually for you.

     

    Not sure why the problem?

    Agreed, but it is good to have this heads-up so that those ageing teenagers among us who don't need the extra hassle can avoid this airline until they fix the glitch.

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