vukovar77

21 minutes ago, RupertIII said:

Don't know if this has already been posted but a useful site for tax info - https://sherrings.com/assessable-income-foreign-sources-thailand.html

 

Sheryl - I believe you mentioned in an earlier post a Tax Ruling in 2003. The above also covers that.

YEAH,That is important rule!So,it seems they change rules already without new law !!!!

3 minutes ago, Sheryl said:

 

You cannot be subject to double taxation on pension or anything else if there is a tax treaty between your country and Thailand.

 

The big problem is for people who  ard non resident for tax purposes in their home countey and have income which is assessable under thd Thai Revenue code. 

 

We have actually heard from some who prefer to be subject to taxes in Thailand because rates are lower than in their home country. For others the opposite might apply in which case they might want to consider whether they can legally claim tax residency in their home country (assuming there is a DTA). 

 

 

 

In Thailand you "can not be sure" that you will not pay taxes on any income from abroad.You can file an appeal after the "verdict".Of course it is against treaty of double taxation if tax is already payed,but You need to see all the items of the each contract.I hope they will rethink before make any move about expat taxation.And what about savings???Many people live from savings on which thay pay all taxes before?

2 minutes ago, vukovar77 said:

Everyone live here 1800 days or more per year.

Sorry,180 days.

13 minutes ago, Dogmatix said:

The RD ruled that overseas pensions are taxable in Thailand in 2023. I don’t see any wording in the latest order rescinding that. So they are still taxable, even if not specifically listed.

Yeah,if tax is not payed in your home country and pension is remitted to thailand in year it is earned.

1 minute ago, DudleySquat said:

Not one person here has asked the proper question: What is a tax resident?

Everyone live here 1800 days or more per year.

On 9/18/2023 at 11:19 AM, NoDisplayName said:

Okay, fine. 

 

There is no minimum time spent in Thailand required to maintain a "retirement" visa extension.  I can keep my 800K in the bank, spend 181 days in other countries, and send my Wise transfers to a Cambodian bank account.  Can carry my Thai spending money in my wallet on frequent visits.

 

No, wait........why AM I going to all this trouble?

Only check out before what will happen with your money on Cambodian bank account if you leave conuntry ???

My Pink Alien ID issued in 2021 is "Lifetime Card" as well.

2 hours ago, heybuz said:

I got fined, may depend on who is on the counter at the time, it was one day i miscalculated my leave date.

I got fined as well for one day!

They will fine You before departing 500 BHT.I had simmilar case before.

16 minutes ago, simple1 said:

Personally I'm not so sure your opinion holds up. The rouble has aready recovered fom the 30% dip after the invasion commenced. EU countries are paying one billion dollars a day for Russian energy. US is unable to fulfill sufficeint EU energy if needs to replace Russian supply.

 

https://www.cnbc.com/2022/03/28/us-eu-gas-deal-wont-make-up-shortfall-from-russia-dan-brouillette.html

 

Trade compromises go on during conflict - not that many countries are willing for damage to their economy, self interest being a driving factor. Perhaps I'm incorrect, but believe it's too early to make any medium term calls.

I think it is true.Unfortunately!

13 minutes ago, vukovar77 said:

Bali is not open in a fact and only for 23 nation and with many regulations(12).Much easy to come in Thailand from my point of view.

Vietnam is not fully open as well for many countries  and need pre-covid test and visa.

Only Cambodia is full open for 2 -3 vaccinated people.

9 hours ago, grego49 said:

The test and go scam continues,Bali,Vietnam and the Phillipines are all open and enjoying the tourist dollars that used to be spent in Thailand,

Bali is not open in a fact and only for 23 nation and with many regulations(12).Much easy to come in Thailand from my point of view.

54 minutes ago, khunPer said:

Wrong, it shows you don't know that you pay commission when you buy stocks, and that fee is part of your buying price, just like commission when selling is deducted from the money you receive...????

 

I wrote that I regularly reposition stocks, including going both up and down in number of specific stocks in a portfolio, and furthermore i said that 2020-2021 is a good time to buy due to low prices caused by the Covid-pandemic.

 

I'm doing satisfactory fine with both my SET-holdings, and my US and Danish successfully portfolios for 30+ years, so we end our dispute right here with thanks for your comments...????

I hope,nobody will listen You,cos. you have no enough knowledge for trading stocks.You even do not know that in SET you do not pay just a commision but fees,and   taxes as well.And if You put average price,it is not only market price.For dividends we pay 10% tax as well.

Many stocks on SET are very pricey now. Thai stock ,most of them are very expensive and economy is not good.Many stocks will fall at least 20-30 % from this level ,from my point of view in a 1-2 years time frame.

You change your statements often ,from long term investor to something opposite.

2 hours ago, khunPer said:

Bought SCCC for 160.77 baht in 2021, Friday up 0.8 percent...

It was impossible to buy SCCC for 160.77 BHT,cos. price can be only 160.5 or 161 BHT.For this ticker ,price can not be-end  0.77.,but 0.5 or 1 .

Second,You wrote  that you bought for long term stocks for dividends (5 years and more ),so it can not be bought 2021 ,right?You do not know as well what is the "lot" and what does it mean.

You do not know almost nothing  about trading stocks ,not only on SET.If you want to trade with success ,you must learn first basic about trading.

I hope ,at least you can learn something from me about trading stocks.

39 minutes ago, khunPer said:

Apart from I didn't buy these stocks in 2017, and I don't invest in Thai high dividend paying stocks for capital gain, which I clearly stated, so please don't think too much...

 

My buying prices (average for those bought in more than one lot, like JASIF) are:

JASIF: 9.89 baht (bought 2018-2021)

PTTCG: 58.60 baht (bought 2016-2019)

It's SCCC not SCC that is SCG (Siam Cement Group), but you didn't read carefully, or don't know SCCC

LPN: 4.93 baht  (bought 2021)

TIPCO: 9.12 baht (bought 2021)

 

The other mentioned stocks are of interest, which I clearly wrote, they are not in my portfolio, so prices in 2017, or at any other point, for comparison are not of interest other than it might be a good time to buy now.

 

2020-2021 is an excellent period to buy into a number stocks in Thailand, as some prices are low due to the pandemic and lock downs, so perfect time for adjustments of once's portfolio, like take out half of the 100% capital gain in less than 4 years from AEONTS, which means playing AEONTS free of charge in the future, and reinvest the initial sum in something else...????

 

The mentioned dividend paying stocks is a reply to another forum member, who kindly ask for examples of high dividend payers, it's not a list of my portfolio, so you have no clue of any figures, as you don't know the mix of my holdings, it's pure far out rude speculation for your side.

 

My total investment excluding paid dividends is at the moment with an 8 percent (7.91%) in little over 5 years per 26th november in spite of Covid, which is a higher increase than the Thai consumer price index during the same period, which means that I've hit my target in every way; i.e. it's possible to invest on SET for reasonable dividend payments...????

 

Lets end it polite here, as you don't seem to understand long term investments strategi for dividends, and what you "think" or speculate, I don't care, I rather care about counting my dividend payments...????

I 

3 minutes ago, persimmon said:

As a general rule , stocks that pay a very high dividend are a poor overall investment - they are , in effect , liquidating themselves to pay the dividend . Maybe a much simpler way would be a global tracker , just sell 4 % every year .

Yeah,mostly speculative stocks for swing and daily trading.Special on emerging markets it can be very dangerous "game".

2 hours ago, khunPer said:

Historical performance is no guarantee or recommendation for future performance...

• JASIF, investment in Thailands fiber net, which pays up around 9%, free from dividend tax for about 4 more years.
• PTTGC, PTT's chemical branch, pays around 6% after tax, however much less in 2020.
• SCCC, cement (note it's not SCG), pays about 5%.
• TIPCO, water and juice, pays around 8%.
• LPN. condominium development, up to 25% dividend.

 

Others that I'm looking at are (gross dividends, so before 10% withholding tax)...

• UPF, rubber, around 13% dividend.
• NSI, insurarance, about 12% dividend.
• NOBLE, development, circa 12%.

????

Let us see.1.PTTGC ,price 2017 -85 BHT ,price now 58.25 BHT (all div. in last 5 year is about 21%

                  2.SCC,price 2017 -263 BHT ,price now 162 BHT (all.div about 23% in 5 years}

                  3.JASIF price 2017 -12.2,now 10.2 BHT

                   4.LPN price 2017 -13.2,now 4.84BHT 

                   5.TIPCO price 2017 15.6,now 9.15 BHT

                   6.UPF price 2017 80.5,now 66,25 BHT (very low liquidity)

                    7.NOBLE 2017 14.2 ,NOW 6.35 BHT (very speculative stock,but untill now good dividends)

               So,every one can check this numbers on SET -web page.On dividends you pay 10% tax as well.

             In a last 5 years this portfolio had severe losses in capital .Only JASIF gave some profit.

1 hour ago, khunPer said:

Thanks for your explanation.

 

As I said, I've been investing in SET for 5 full years. My strategy is long-term carefully picked individual stocks for dividends rather than capital gain, and that has worked to my satisfaction, but I have a few low dividend payouts that instead gain some value. I keep far away from anything else.

 

In my Danish home country I have both Danish and US stocks in my four portfolios. As said before, dividends are generally low compared to Thailand. However there are exceptions, but mainly as one off extra dividend payouts, or if you look at dividend percentage compared to initial stock cost, then the dividend can be as high as 25 percent or more per year, whilst compared to present stock price it might be 2.5 percent or less. Some stocks are traded purely for long term capital gain, as for example bio-science companies with an interesting pipeline, but it can take 10 years to get there. A gain that can be 5-10 times compared to the invested stock price, that's 500-1,000 percent gain in 10 years. Some companies can gain from 40 percent to double up in one year if you get in at the right time, to mention examples then it have for me during the last year been international container transportation, medicine, and vaccines development and manufacture...????

You are talking theorethicaly only like from some old book about investing .Sorry ,but I think that you are not invold in stocks at all.

29 minutes ago, khunPer said:

Thanks for your reply.

 

There seems however to be a major difference between your investment strategi and mine. I'm a long term investor, you seems to be more like day trading. I never day-trade - and I would certainly never do it on the Thai SET-market - instead I keep my investments for years and years, but do look after and adjust my portfolios according to changes in market, and performance of the individual companies.

 

So far - and I've been on the stock market for about 30 years - I'm able to double the invested in 7-10 seven years, when cashing the dividends  from the dividend paying stocks in the portfolie and leave the accumulated gain. On SET I might not be able to gain much as the dividend payouts are high, as my SET-strategi is investment for high dividends, not for gain. I'm happy to have my invested capital in equal level with Thai consumer price index, however I normally gain a little extra points on top, which the Covid-pandemic temporary ate.

 

SET is from a dividend payout point of view more stable than fx. a number of European markets, whilst some European markets, and USA, can be very interesting for short term gains, even up to a year, where you can gain from 40 percent to over 100 percent of your investment, but often then no dividends are paid. 10 times up over a 10-year period is indeed possible, if you find the right stocks and keeps them for 10 years, but it would be hard to create a portfolio with only that kind of stocks, so in average you would gain less. The 100-year average of 6-7 percent is quite realistic, and 7 percent average annual gain doubles the capital in 10 years....????

I am much more invold in swing trade than daily trade.Daily trade itself is very demanding with stocks and profits are in general more limited with fees and taxes .

Forex is totaly different story.

So,it is not clear for me what do You have in Thailand,stocks or ETF-s or Funds?As far as I can understand ,You are not invold with stocks in Thailand,right?

I have some similar long term investments in USA and EU ,but not in Thailand.If You invest in BIG CUP (SET-50 or SET-100) for longer time frame ,you can get some very limited  dividend yield ,but capital gain is very hard to achive ,right? In Thailand ,even investing in long term,it is very savvy to have S/L .

My best profits here are on IPO-s and in high turbulence days like yesterday when prices drop 5-10 % and more in a seconds ,when margins are activated.

Of course ,You must know which stock are worth to risk and need to have good cash position at the moment things are happening.Amalganations and public offerings are great for profits as well like now in DTAC-TRUE case.

Your investment strategy is OK ,but not in Thailand.

My time frame in swing trade is mostly up to 3 months ,6 months most with S/L 5-8 % lower than entrance point.Maybe about 10-15% is a clear daily trade with stocks.

8 hours ago, ChaiyaTH said:

Thailand is way cheaper than Indonesia. Living off 20M baht and asking wether that is possible must be the best joke, I did it with 1M. 

 

Most western people start or retire with a fraction of that amount. I guess its true that most rich people are not thé brightest.

 

A fool and his money part soon enough, to ask this tells your future.

Indonesia is cheaper (in general )than Thailand as far as I know.

8 hours ago, khunPer said:

Thanks for your reply, but have you checked O-A qualifications?

Official source HERE.
OP is 45 years old, ED visa limits your movements and force you to study, but a solution for some on low budget.

 

Sorry to hear about your loss on the Thai stock market.

 

I also have SET stocks, and I've also been doing the game the five full years. The result of course depends of choice of stocks in one's portfolio. Mine have paid good dividends, my portfolio gave me after tax 2.9% in 2017, 3,1% in 2018, 3.3% in 2019, 2.7% in 2020 (annus horribilis), and so far 3.2% in 2021. The portfolio is after 5 years still in a capital gain that equals the Thai consumer price index, so no loss of capital so far per today with the new Covid variant adjustments on the stock markets, and I've got satisfying dividends during all five years...

 

P/E is an important factor to look at - among a number of factors - and yes, of course you can compare P/E across nations, P/E is an indicator of price paid for company earnings.

 

As I said, you can choose a portfolio that pays a high dividend with limited capital fluctuation, some Thai stocks can pay quite high dividends, more than 4 percent after tax is possible...????

Well,You are talking about my loss???First of all,I am not in loss on SET(but my earnings does not make me happy on SET last 2-3 years).Second my profits are mostly from FOREX last 3-4 years.USA was great last few years.I am swing (mostly)and daily trader on SET.P/E indicator is not much important for Thai stocks.Earnings and numbers here are not important like in EU or USA.If I follow your thoughts ,I can have big losses.

It will be nice to tell me which stocks do you have in Portfolio.

Yesterday was good day for me on SET (I believe) cos I was in strong cash position and bought pretty much "good stocks"(low P/E,dividend stocks,capital gain possible in a short term).On the end of day my virtual loss was 7200 THB or less than 0.5 %(with fees and taxes).SET loss was 2.3%,SET 50-2.6 %With my strategy and I-algo and S/L I believe I will be in profit with this position until new year pretty much.I do play on capital gain mostly(dividends as well somethimes),not on dividends.It does seems much better for my in "hard times".Thai economy is not in good shape.I accumulate TRUE and DTAC now as well,cos. incoming amalganation.

Once again,it is very tricky to compare USA market and EU market with Thai market .Biggest gains here you can get in rumors,"story" and "up to me moves".And of course on IPO-s if you get a chance to participate(I can cos my trade volume).Only few IPO-s per year make me great profit.Most forigners unfortunately can not participate in IPO-s ,from my knowledge.

Once again,trade in SET is very dangerous for newcomers.Chance to lose is much bigger to win.