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CrossBones

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  1. Transfer money to a gold dealer from overseas. Collect gold from dealer in Thailand Transfer money to a motor dealer from overseas Pickup car from dealer in Thailand Transfer money to an escrow account overseas, they pay property developer in Thailand Receive ownership of property in Thailand Transfer money to a condo developer from your overseas account to their account in Thailand Receive ownership of property in Thailand Transfer money to a condo developer from your overseas account to their overseas account, Receive ownership of property in Thailand Dealer/condo developer is a business, not an individual. He doesn't pay tax as "income" to his account as its a business account. Of course not every international business transaction is taxed as income. Businesses dont pay income tax, they pay tax on profits. What is and what isnt allowed.??
  2. Its got to be the person who RECEIVED the money pays the tax. Not the person who sent it. So in the case that I purchase something of value from overseas account - its the receiver that pays the tax. Otherwise its taxed twice if me remitting it into thailand is taxable (regardless of it not being remitted to myself) and the receiver has to pay tax on it (if to their personal account as income) and if the receiver is a company (ie motor trader, or condo developer) then this goes through their books, not mine.
  3. Here is another scenario I live in Thailand. I am tax resident I transfer money from my offshore account to someone else in Thailand, who is also a Thai tax resident. According to the above comment I have to pay tax on any money i sent into Thailand. And the other person I sent money to - they also received (my) money form overseas Should we both, then, pay tax on the (same) amount? Doesnt make any sense.
  4. Are you sure? I purchased something from a Thai company and they will be paying tax on any profits from what they sold me.
  5. Hi I am British and Australian I have no assets in UK, Australia or Thailand My assets are in an offshore brokerage account, which I set up while I have been living in Thailand. I told the broker that I am a Thai tax resident. I am on an Elite visa, I do not have permanent residence in Thailand. I wrote a will, leaving money to family. Less than $3m which I understand is the threshold for inheritance tax. What is the procedure when I die here? How is probate done? How do my family get the money? This shouldn't be taxable as inheritance tax in the UK or Australia as I own no property there and have no income or assets in those countries. Thanks
  6. What happens if i... a) Purchase a new car from a dealer and pay them directly from my overseas account. This is not my income, its is their income. b) I purchase a new condo off a developer. I pay them directly from overseas. The money hasnt touched my account, in either case. Any ideas?
  7. Hi Regarding the new rules requiring residents to pay tax on foreign remittance. If I purchase a high value item such as a car and transfer the money to the seller - a company (ie a new car from a dealer), from my overseas account directly to their (business) account - is this taxable? I havent remitted money to my personal account right. Its sent from overseas to a Thai company. Or how about if I buy a new condo off-plan and send the payment to the developer directly from overseas? Is this my personal income? Its not right - its a business income from the seller of the asset?
  8. Hi I posted this in wrong forum before ... How can i get Game Pass for Xbox Console for 99 baht a month? Do i need to create a new microsoft account based in Thailand? Can i pay with Thai debit card? Thanks
  9. I seem to be paying USD $9.99 for game pass How can i get it for the advertised 99 baht a month rate? Are there any disadvantages? If i just sign up for a new microsoft account will it be ok? Can i use it in English language? Can i pay with my kasikorn bank debit card? Thanks
  10. Im guessing due to the new tax rules if we have overseas broker we will have to file a tax return of some kind to show money brought into Thailand. I want to selll my assets I have in Thailand and put those into a stock broker in Thailand for the sake of convenience. I am not trading just investing in some major US Index ETFs. I am here throughout the year but dont have a work permit. Thanks
  11. Thanks. So in this case the total taxes payable on US dividends for non us citizen living in Thailand is 15 percent?
  12. If I invest in USA stocks via my overseas stock broker do I have to pay taxes on a) Capital Gains or b) Dividends? I would like to ask the same question again, if I were to invest in USA stocks using a Thai broker (such as the Kasikorn bank stock investment platform) Thanks
  13. It didnt ask me that And if it did what is issue with a photo of your face
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