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soalbundy

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Everything posted by soalbundy

  1. Well I read the article but have no idea what it all means in terms of concrete actions that will be taken. I suspect it will be a nice little earner for the committee who will produce nothing except for 'woke' statements......'soft power' indeed.
  2. You still have to show 65k monthly remittance from abroad if you are on the monthly pension method. That might work if you have 800k in a Thai bank method but then you could just as well use an ATM to take funds from abroad. Basically if they are determined to tax pensions we are frucked, Taxation and death are impossible to beat in the long run.
  3. Although the silly smile could disappear when you are charged 3 times the tax bill for tax avoidance. A dangerous path to go down, ignorance of the law isn't a viable defense.
  4. My 'savings' from my foreign savings account ? Whatever, if I have to pay tax and must show 65k a month anything over that I could transfer to my sons and/or partners account keeping them below the limit where they would be liable for tax. Until the 2024 tax year ends anything can happen, we just have to wait and see. Those unencumbered with children could always move to Cambodia.
  5. I presume that the tax due on say pensions from abroad would be due at the end of 2024 and not monthly which gives time for things to settle down. A thought. money transfers from 'Wise' are from Thai bank to Thai bank ie. internal. Have your pension paid into a savings account in your home country and transfer the 'savings' to your Thai account split up among your partner and child, I can imagine there are many ways that a Thai tax accountant could advise.
  6. I'm not so sure about that. My 16 year old son has just come back from 2 weeks of military training (something he will do for 3 years which gets him out of national conscription later) he has been turned 180 degrees from a grumpy know it all teenager to a polite, respectful, friendly young man, his mother, grandmother, sisters and even his school comrades are amazed at the difference, it's uncanny
  7. 3.4%, take it and run, a European country would be screaming 'recovery at last' from the roof tops with this amount of expansion.
  8. It's what's put in it that counts but the best looking man in town couldn't make his attire elegant.
  9. Too late, your tourists are struggling to make ends meet at home, wait a few years. From several economic programs it is speculated that the US and several other major economies are trying inflation as a means to reduce deficits, the general consensus is high rates for longer, a balancing act, just enough rate rise to cut away the fat but not enough to ruin industry. Cheap money, low inflation and low interest rates are a thing of the past. Wait until the real economic damage in China becomes apparent, everyone will have to hunker down.
  10. Send her one last message. You are going to report her to the police for attempted extortion and for deformation of character. Then block her. She can't do anything to you, no proof, if you had done all the things she said she wouldn't be writing to you, she would be at the police station. You have nothing to worry about.
  11. You are funny without being obscene, rare these days but it's probably due to your nationality and culture.
  12. That is obviously a huge problem that is destroying your quality of life. Thais know that most farang don't speak Thai and most Thais have, if at all, only a rudimentary grasp of English so mister would seem quite appropriate, better than "Hey you" which is sometimes used. Incidentally 'ajarn' would only be appropriate if you were a professor.
  13. I had my father/son relationship legalized by the court in Surin when he was just 3 months old.
  14. Stop assuming this is a law coming into affect 01 2024, and don't do anything to encourage the tax man like applying for a tax number. It is only half baked at the moment and probably nothing will happen, Thailand, like most other countries, is feeling the financial pinch and searching around in desperation for income to fill the coffers. European countries are either in recession or teetering on the brink of one, in America there is a credit crunch and fear of recession, China is a basket case and its downfall will affect not only the nations on its periphery but also big institutions in the west, the Russian/Ukraine war is adding to the negative equation. Typical boom and bust cycle, unfortunately the bust cycle that we are in seems to be getting deeper and longer this time. We are fortunate not to have to suffer the freezing winter in the Northern hemisphere so let us be grateful for that at least.
  15. Whatever, as long as the tax office in both countries think it's ok for me not to pay tax I'm happy.
  16. I think the fears of taxation on pensions of foreigners is overblown. Thailand has always had the right to tax our pensions but has never done so. I have correspondence from my German tax office from 19 years ago saying that they aren't taxing my pension because this is the right of the Thai tax authorities alone as I live in Thailand and due to the double tax agreement the German tax office relinquishes any right to tax me as I have no income besides my pension being generated in Germany. I have read in 'Bangkok news' that the new tax laws are purposely ambiguous and target those with businesses with a tax number generating income abroad. I don't have a tax number and haven't paid tax anywhere for 19 years nor have I been asked to. Before I got a letter confirming that I wouldn't be taxed in Germany as this was a matter for the Thai tax people I had to have a form filled out by the Thai tax office for the German tax office confirming that I had no other income except for my pension, they refused to do so because I didn't have a Thai tax number, they just weren't interested in my untaxed pension.
  17. I get a good German pension that is not taxed in Germany, that has always intrigued me until I looked at old correspondence from the German tax office, they state that they won't tax me because I live in Thailand and due to the double taxation treaty it is the alone right of the Thai tax office to tax me. I am assuming that they can only tax that part of my pension that I transfer to Thailand, the rest stays in my German account.
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