timendres

Quote

The decision exempts traders from the 7% value-added tax (VAT) on earnings derived from trading cryptocurrencies and digital tokens, as reported by local news outlets.

If I read this correctly, the exemption applies only to VAT, not income or capital gains taxes.

In other words, brokers will not have to pay 7% VAT on transactions they perform trading.

However, I believe that if you realize a gain on your trading, you will still likely be liable for

income and/or capital gains taxes.

4 hours ago, Mike Lister said:

The risk with issuing foreign currency bonds is that nobody knows what the Baht /Dollar exchange rate might be in Y years, if things took a turn for the worse, that could prove extremely costly.

This is precisely the risk.

In a world coming off the rails, USD will power higher, and the THB will fall, and all that debt will get a lot more expensive to repay.

That said, $1B USD is not earth shattering in that scenario.

10 hours ago, chickenslegs said:

True, and desperately needed for those of us expats who have had our UK bank accounts closed.

 

E.g. - Barclays closed my UK account after 40+ years of never being in the red, just because I was honest about my new address in Thailand.

 

If I need to book a flight home to the UK I now need to transfer my GBP pensions to my Thai bank account , (via Wise) then pay for the flight in Baht from my Bangkok bank account- that's two international transfers and about 5-10% extra on top of the current inflated flight prices.

WISE gave me a "Digital card". I have not tested it yet.

But this is not helpful with airline reservations, since they can require the physical card at check-in.

28 minutes ago, Bday Prang said:

Poison is the obvious way forward, would get rid of the rats and the dogs too, relatively cheap as well. can't understand why they aren't already doing that 

Someone told me that the rat population was previously "held in check" by large snakes.

But then the city made a concerted effort to remove said snakes, and the rat population exploded.

I cool 68 sqm during the day (24deg) and 60 sqm at night (25deg).

For 5 hours in the afternoon, the A/C is fighting a virtual oven created by a wall of windows.

My bill last month (Jan 15 - Feb 15) was 4,100. That will likely be my cheapest bill of the year.

Sweet! First time i have seen a product like this.

2 hours ago, richard_smith237 said:

Did you get the answers from the Thai Embassy in Jakarta ?

http://www.thaiembassyjakarta.com/intro.html

 

As I pointed out, that website is unnavigable....   Most tourists are not as worldly wise as you and I and may not cast their search for information as widely. 

That is odd. Two clicks and I had every detail I could imagine for both tourist visa and visa on arrival, both with sufficient details for any visitor.

2 hours ago, losable said:

For the privately owned apartments that I have stayed, neither of the Thai owners were in the Thai blue book, tabien baan, of the apartment. The only link of the owner's ID card to the apartment was via a receipt of payment, which had the tax number on it, which I have just had a look at and is the same as the Thai owner's ID card number.

The condo I just rented was problematic. The owner is not in the blue book.

However, CW accepted the property deed in lieu of the blue book to show proper ownership.

2 hours ago, scoutman360 said:

The list keeps growing.

"The list" has remained virtually constant for many years.

Application of "the list" is forever inconsistent.

33.28 is suspiciously close to the USDTHB rate, and it is a common practice for online retailers to perform a "test charge" to verify that your card can be used for purchases, typically a subscription. The test charge is then refunded. The charge is very often $1. So, I wonder if the perps are performing this $1 transaction because it would evade certain security filters.

4 minutes ago, wisemonkey said:

 

Exacty! I even said that to the officer, after they were making issues " Im looking after my son, a Thai national, by myself, he has no one else to look after him here, and your making me leave the country, yet your letting these tourists coming to extend with no issue, how the <deleted> does that make sense?" ... unfortunately they probably then just doubled down on their stance, but really this is the reality. Single Dads here, looking after Thai kids themselves, have a hard time staying here, yet tourists find it easier.

 

Out of curiousity, what do you do now? Whats the best way to stay?

You cannot do a yearly extension? That is what an associate of mine does.

@jaywalker2 and @LikeItHot thanks for updating me on that. I did mine in 2022.

But my neighbor is doing his now, so I will let him know about this change.

On 2/3/2024 at 6:40 PM, Felton Jarvis said:

The US Embassy website was worthless. I kept getting thrown into endless loops and couldn't get out (or pay). It is an absolute garbage can of a system, but I'm glad that it worked for you.

This is true, in the sense that they appear to have 2 or 3 "out of date" pages that look like the right answer.

It took trial and error for me to find the correct page, after which all was straight forward.

They need to purge those dead end pages.

On 1/29/2024 at 8:12 PM, CharlieH said:

Because every person is unique and has a life story that will prove valuable for posterity.

So not true. Let's correct that:

every person thinks they are unique and believes they have a life story that will prove valuable for posterity.