fuehrio

Having a story like the water damage (that I really liked) requires evidence such as a photograph, the tax officer wouldn't accept just a note in the sales contract. Given this I reluctantly accepted my fate and transferred the cars yesterday. Soon after the transfer, I received an indication that the tax office or the TRD now thinks I should pay 50,000 per car and not for both as my external accountant advise me previously when I started this post. I don't know the details yet, but it seems I just made one of my worst mistakes here and I am deep trouble....I think I need professional help and happy to accept offers in my DM. Note: I accept to pay reasonable tax but the absolute minimum that is possible with any legal trick.

1) OK, understood now about the depreciation. 2) This seems a very good way. But as I wrote in the original post, I have 2 cars, not sure this will be looked at with such a story (water damage). Also, a Thai friend told me that I should sell the car first before closing the company, instead of closing and transfer without actually paying into the company account. This way I should be able to sell the car at any price (e.g. 100,000 Baht) and there should be no additional tax when closing the company as the asset is gone. I guess I also would need to sell to a friend first and not directly to me as a shareholder. What is your opinion on this approach?

I don't use this company since 3 years, just paid the annual tax report in case I would use it again. But I am sure now I don't, so I am closing....

I did read when looking up on the internet, if selling below market value, there needs to be reason why it has been sold that cheap, e.g. hurry to close the company. I will also talk to a mechanic as you suggested - Thanks!

Many thanks for your vast advice, really appreciated! I see that in the assets file, the depreciation has been set at 20% for everything (furniture, car, equipment, etc). If I can change that to 40% for my cars that would be great. Do you know whether it's 40% or was this an assumption? Selling it below market value to a friend: Do you think I could do that by like 50% of what is the market value?

Hello, I need to close my company that I don't use anymore but now I should pay VAT 50,000 to transfer my old 2 cars to my ownership. Does anyone know a solution to avoid or reduce the tax significantly? From my research: I could sell it at a discount but if the discount is huge, it requires justification. I could maybe argue that we had to sell in a hurry? Transfer as Dividend or Shareholder Benefit. But would I need to pay any taxes on that? Donate as a gift. What are the rules in Thailand? I would be super grateful for any advice.

WeWork or Spaces

There are many Russians working in the same building as I do so I guess they have work permit like everyone else. Anyway, why don't you just ask them instead asking here?

Only if you need the afterburner

And that the practical exam

I think it may take 2 years until any change will take place. The opposition is large on both sides.

For me, the art of making a joint is rolling backwards, i.e. the glue part is on the outside and all the redundant paper is peeled off. Cones a good alternative but I am faster by rolling and not getting nervous with the filling up. I never used a grinder for 30 years and I even had one for a long time but never used until a friend invited for a smoke insisted on it. Since then, always grinding. It burns much better and yes I think it has a stronger effect.

Lampang with its ponies and teak wood houses

That's my thought as well, I was told by my Thai friends that MFP is not really anti - weed. I also speculate (or kind of hoping) that it may become same as prostitution, not legal but tolerated, e.g. if get caught it may be moderate fine.

It's not that its unheard, its in my opinion more or less a mass processing. There are maybe 20 to 50 patients assigned to one doctor (mostly young) who has a time window of maybe 15 minutes for the "counseling" hence no talk therapy either. Totally agree more or less you just get pills and the rest is left to the family without having the knowledge and capacity. This is indeed a huge lack in Thailand and patients / families could be helped much better if more time and counseling could be given.