alanrchase

Just now, stix40 said:

Sorry predictive text !!

Septic ! 

No, just a Brit who saw this coming several years ago. Used to be regular topics asking when Thailand was going to start complying, will a Thai TIN be needed etc.. Exactly how it will affect my tax situation is yet to be seen.

33 minutes ago, stix40 said:

Sounds like a sour sceptic ! 

Sour sceptic? Where is my scepticism? CRS has been on the cards since 2017 and Thailand complying with it now is no surprise. Perhaps reading up on what is involved to comply with the CRS would be of help. Thailand will be required to share the financial details of tax resident expats with the home countries of those expats. No surprise that a tax resident expat will need to file a tax return for Thailand to comply.

Just now, daveAustin said:

Nice dig. How about Brits, or any other nationality, that didn’t used to chuckle? 

This whole thing just smacks of government/banking overreach and the continued lack of freedom in the world. Since the 70s, I cannot recall a <deleted>tier time to be alive than post-2020, whether it be wokism, cancel culture, curtailment of opinion, the extreme left, extreme right, warring d.heads, exponential increases in expenditure etc etc. I pity the younger generations for the utter sh1tshow ‘we’ have created. 

I mentioned Brits because the OP is about Brits. CRS compliance will affect all tax resident expats whose home countries are signatories. I agree with you on government overreach as well but my bank does not impose any regulations on me other that those needed to comply with that government overreach. 

IQ is not a measure of intelligence it is a measure of how good you are at IQ tests. How do you measure intelligence? Is someone who can speak ten languages more intelligent than a rocket scientist who can only speak one? My 16 year old nephew is more intelligent than JP when it comes to fishing in the local river.

52 minutes ago, proton said:

so will pensions be classed as income or savings?

Pensions are income. 

FIFO

Fit in or f off.

I've seen cats pop out from underneath the shelves in several supermarkets. At least these animals will be restrained. 

14 minutes ago, rhino533 said:

Is this correct?
If you have a one-year Non-Immigrant O Marriage Visa (leave the country every 90 days) and you leave the country with a week left on your 1 year visa, when you re-enter Thailand you will receive another 90-day stamp even if there is, lets say 1 day left before the year visa expires?  After that when you 90 day is about to expire, you can apply for a 60-day extension? 

My understanding is that each time you enter during the one year validity period of the visa you will get 90 days. If you enter with one day left you will get 90 days. I don't see why you wouldn't be allowed to extend that 90 day permission to stay for another 60 days. Hopefully one of the visa experts on the forum will post soon to confirm whether that is true.

I was under the impression that as long as you returned to Thailand before the visa expired you would get another 90 day permission to stay. I thought the idea with these visas was to time it to return the day before they expired to get a total of 15 months from each visa?

On 9/23/2023 at 2:33 PM, impulse said:

Asking out of curiosity, and because I don't know the answer.  Not to make a judgement...

 

Is there any risk of being charged with a crime if it comes to light that you're using a false residence address for banking or (especially) for NHS purposes or for other benefits, as recommended by several guys on here?

 

I would be wary about taking the advise that providing a false address is not illegal. Technically it is fraud by misrepresentation. A bank would probably take no action other than to cease doing business with you. The NHS, on the other hand, may view it as you receiving a financial gain if you are non resident and treat it more seriously. 

5 hours ago, Pumpuynarak said:

Then you need to look about imo.

Come on then, let us know which UK bank will give you 7% on the equivalent of 800,000 baht? I've had a look around and the best I have seen is 5.6%. My bank will do 5.5% but you need to deposit more than 800,000 baht for a one year fixed term. 

50 minutes ago, Walker88 said:

Kind of curious how Thailand expects to get access to US or other non-Thai bank records, transactions that result in Capital Gains, other passive income, etc.?

 

The honesty method?

 

"Hi, Thai tax authority. I just sold my Hampton's summer home for $38 million, after buying it in 2008 for $7 million. How much of that gain do you want?"

I believe Thailand is joining the Common Reporting Standard as of 01 January 2024. This means that a person's financial information will be shared between signatory  countries to the system.

1 hour ago, Thailand J said:

https://www.taxesforexpats.com/country-guides/thailand/us-tax-preparation-in-thailand.html

That seems to be about income in Thailand which would not be counted as money transferred from abroad.

22 minutes ago, Thailand J said:

May be you are referring to Capital gains and dividends from SET listed companies.

I don't know much about Thai tax rates at this point, I hope you are right.

Nothing to do with the SET. Money from abroad is what is being targeted. If the money from abroad is from CG or dividends then it should be declared as coming from those sources and taxed accordingly. If the money is from an inheritance are Thailand going to ignore their own tax rules for inheritance money and tax it as income?

16 minutes ago, Thailand J said:

For US retirees, the tax treaty exempts SS and pension incomes but it does not  help with capital gain (CG) and dividends incomes.

 

Based on my limited knowledge I made a table below, I am sure it's full of mistakes and it is over simplified, but the idea is that if you have CG and dividends from US and if Thai gov decided to tax them, you can only deduct taxes paid in US.

 

I am going to get insurance and apply for 10 yr LTR if I have to pay income tax  here. I have met other requirements.

If the money is from capital gains and dividends theoretically you would pay Thai capital gains and dividend tax on it not income tax.

Currently 15% and 10% I believe. A tax form would have to be filled out at some stage declaring where the money came from, it would be fraudulent to state it was income if it came from CG or dividends.

Are you trying to tell us that you are easily led, can't think for yourself and have no self control?

A couple of months ago I had a registered letter take an unusually long time to get to the UK. Tracked as leaving Thailand within three days (posted late on a Friday) then was in the wilderness for 17 days till the tracking logged it as at Heathrow. 

18 hours ago, CenThai said:

I was waiting for the name of that transformational drug or whatever medication that doctor gave you?! To hear how it immediately eased all pain and kickstarted you on this road to sobriety is simple a secret that needs to be revealed to those struggling to kick the habit.  So what's the magic pill? 

Yes, he regales us with his tale of the potent elixir that he has never heard of and his scepticism, his research on the internet and its miracle effects but then refuses to let us know what it was. The more the thread goes on the more it smells of more BS.

5 minutes ago, PETERTHEEATER said:

What is the 'ultrasonic method'? The current mehod used for removal of excess ear wax is 'microsuction'

They have a small ultrasonic bath with a tube and a thin wand. Low pressure water is pumped from the small bath through the tube and wand into your ear. All I felt was a slow trickle of water from my ear and fragments of wax came out with it. My problem is I get a pellet of impacted wax down by the eardrum. There is no way that is coming out with microsuction.

12 hours ago, rattlesnake said:

As I stated in my first post, I have several vaccinated acquaintances who deeply regret it.

 

I'm seeing a surge of illnesses of all types these days… and I'm not the only one.

 

Three military doctors say medical billing code data captured by Defense Medical Epidemiology Database shows sharp spikes in miscarriages, myocarditis, cancer diagnoses, Bell's palsy, female infertility. According to the data found by the military doctors, there was also a nearly 300% increase in cancer diagnoses, from a 38,700-per-year average in 2016-2020 to 114,645 in 2021.

https://justthenews.com/politics-policy/coronavirus/covid-panel-military-service-members-see-spikes-miscarriages-cancer

Turns out that the data they were using was incorrect. 

https://healthfeedback.org/claimreview/alleged-spikes-in-medical-conditions-military-after-covid-19-vaccine-based-on-faulty-data-thomas-renz/

Back on topic, my son in Bangkok was ill with similar symptoms a few weeks ago. Was tested at the hospital and confirmed as H1N1 flu.

9 minutes ago, doctormann said:

A few years ago, I tried the oil trick - used olive oil - as this was recommended by Dr. Google.  Didn't work so I ended up going to a clinic anyway.  The nurse there gave me a right b*llo*king for daring to put oil in my ear.  Don't know why!  Anyway, got the H2O2 and vacuum treatment, which worked right away.  Unfortunately, that particular clinic has disappeared so I shall need to go somewhere else.  I have a couple of recommendations from board members so, if the problem persists after a couple of days, off I shall go.

Had similar experiences. One doctor tells you to use oil for a few days then come back for the syringe and another boll@&ks you for using oil.