timendres

Thai prison at that...

@gamb00ler is correct. I opened a new account with BBL specifically for receiving my SS deposit. I did not obtain a debit card for the account, but I am able to make bank transfers via the online app, or the mobile app, to my KBank account with no problems. I did mention to the bank that I was using the account to receive my SS deposits, and they did not attempt to give me anything "special". It is just a regular bank account. Upon receiving my deposit, I transfer the amount of my monthly budget to my KBank account, which I use for daily transactions.

But it is not a remittance of "income earned", which is the only thing that can be taxed at this time. A credit card transaction is a loan. It is not income. There is a long list of transactions that constitute "income earned", including royalties, company perks, etc. Loans are not on that list.

Cue the posters asking for the name of the park "so I can avoid bumping into such depravity"...

Wow.

Who is observing your inner monologue?

I am in no position to comment, since I am from the USA. However, it seems to me that retirees who live abroad are reducing the load on the UK system. NHS, other government services, road congestion, limited housing, etc. All of that seems like it would be far more than the inflation adjustment. The UK government should see this as coming out ahead.

You are eligible for "visa exempt" due to having an Australian passport. No need to bring up "visiting family" to get this. At the moment, this appears to be a 60 day visa. Entry by air twice in one year should not be a problem.

I have several ex-staff I keep in touch with. They are software developers. The average salary between them is about 70,000 THB per month. One is making 60k and his girlfriend is making 80k. So combined 140k per month. These are not "impressive" salaries, if you asked them.

Personally, I would prefer that they apply all of the savings to the debt. After the annual deficit is eliminated.

Bagel with cream cheese. Paris ham. Espresso.

Sizzlers is not a place I would choose for steak. It is also not a place I would choose for salad.

Well, in theory, your family will need to report your support as "income". At least in the USA this is the case. If this is not the case in Israel, then fabulous!

I do not understand why they would not just get permitted and be legal...

I believe that, if you declare all remittances to Thailand, and pay the taxes due on those remittances, you will have no problems with Thailand. However, if you reside in Thailand permanently, and have no clear evidence of any income, Thailand will eventually get up to speed enough to look closer. Since your Wise account is not a Thailand account, then moving profits to that account does not constitute a tax event in Thailand. Only the money you actually remit into Thailand is assessable.

It might help to know what your home country is. You mentioned that your IB account is in the US. So I assumed you are a US citizen.

Anyone who knows the history of the US Constitution understands how absurd these comments are. There are solid reasons why the US is a Republic, not a Democracy. And it is so relevant in these current times.

At this moment in time, the only "tax event" you need to be concerned about is money remitted into Thailand. How you report the remittance depends on the "source" of the funds. If the funds were entirely from profit, then the amount remitted to Thailand would be considered subject to Thai "income tax". If you are a US citizen, like me, you will need to report your trading profit/loss on your US tax return. If you have paid taxes on any moneys you remit to Thailand, then you need to refer to the DTA for your country. For example, as a US citizen, if I remit to Thailand, and owe taxes on the remittance, I can deduct the taxes already paid to the US treasury. You mention using Wise. However, this does not eliminate your obligation. It merely suggests that you could possibly "hide" it. Not a solid long term strategy IMHO.

He apparently has an "agent" helping with those negotiations.

My only concern would be the account getting hijacked. Very unlikely, but not impossible. Closing it relieves you of the possibility of being dragged into something unpleasant. If that does not concern you, there is no real reason to close it. Also there are certain conditions under which the bank will close it for you. (min balance, etc.)

November 28, 2053 -- Thai government considers moving capital from Bangkok to Nakhon Ratchasima. Ministry of Interior tasked with exploring...

Wait until we find out that he comes back every week to pull the same stunt...

They seem to me to be no more crazy than all of the other drivers on the road...

Nothing to do with Trump. The USA has started down the road of financial repression. These rules will get more draconian. It is the result of a government that is increasingly insolvent.

In English, straight from the Revenue Department: https://www.rd.go.th/fileadmin/download/english_form/030265guide91.pdf If you have less than 120,000THB (220,000THB for married couples) of taxable income, no filing is required. It is not clear to me, and I will be asking my account soon, if exempt income (say US SS payments) apply to the above. Interestingly, the document states that even non-residents (less than 180days in TH) must file a return if they exceed the above. You will (I believe) not owe tax, but apparently must file. That is going to get messy. Also keep in mind - if your accountant is not a Thai national, they are operating illegally. Accounting is a restricted occupation.