spurs

I assume you mean how much tax you have to pay?

You have to calculate on a yearly base...

120,000 Baht/month equals 1,440,000 Baht/year.

You are allowed a deduction 60,000 Baht and an allowance of 30,000 Baht.

Leaves 1,350,000 Baht.

0 to 150,000 at 0%

150,001 to 500,000 Baht taxed at 10% (350,000 at 10% is 35,000 Baht)

500,001 to 1,000,000 Baht taxed at 20% (500,000 at 20% is 100,000 Baht)

1,000,001 to 4,000,000 Baht taxed at 30% (350,000 at 30% is 105,000 Baht)

So your total tax to be paid is 240,000 Baht/year, or exactly 20,000 Baht/month. Which works out to just under 17%.

There are further allowances for being married, taking care of parent(s), having children etc...

You can also deduct life insurance, or you can invest in long term equity funds (obviously only viable if you are here for the long term)to bring your overall tax liability down...

That's a great answer, you can also read the Revenue Department's website for a full list of allowances;

http://www.rd.go.th/...ish/6045.0.html

Once you complete your PIT form and submit it with evidence, you'll recieve a cheque for the refund of excess tax paid, if any, based on any allowances you qualify for.

fantastic answers guys. Cleared that one right up

hey dudes,

quick one for you.

if you earn 115-120,000 thb monthly what's the interest rate? is it 10%?

superb

Spurs

Hey guys

Could anyone give me an idea for an expat interior design salary in thailand. I've searched loads but can only find thai salaries. What is the average for a farang? I just want an idea before i attend an interview.

thanks a lot guys

spurs

great stuff guys. Like the new vid posts. I have comments on the following though:

1. I think it would be better if the camera was still

2. wipe the camera lens

other than that great wrok gregg. keep doing it.

spurs

Thanks for the replies guys that's awesome!!!!!!!

However i'm still unsure as to the best way to invest 10% of my salary in thailand. What is the Thai equivalent of a Roth? or doe's anyone know of a decent pension scheme out here?

thsnkd again

spurs

Why would one want a Roth outside the U.S? That is to shelter otherwise taxable income. Are you talking about money earned in the U.S??

Not saying its not possible, just never heard of it.

thanks for the reply,

I have no money in the states. What is the thai equivalent of a Roth then? I just want the best way to invest for my retirement. I want to put away about 10% each month and have read that Roth's are the best way.

What is the best way to invest 10% for my retirement, noting that I live in Bkk now and aim to live in oz within 2 years? i'm 31.

thanks again for the reply,

Spurs

Hi guys,

I'm wanting to open an investment brokerage account so I can start a roth IRA. I know of good usa accounts but non here in thailand. Does anyone know of a good brokerage in Thailand and also roth IRS's?

I'm british and have been living and working out here for 4 years. I have a work permit / visa etc. Thing is, I'm considering moving to Australia within the next 2 years or so and wondered if it's a good idea to set up a Roth IRA In bkk. Is it possible to open one and then transfer it to an austrailian one?

any advice would be awesome guy's

thanks

Spurs

Hi guy's

Does anyone know of a good online savings account? I'm wanting to put some THB into an account. It seems at present in BKK the general banks interest rate on savings accounts is 0.5%. There must be an online account that does better than that!

.

yo dudes,

I'm a farang and lived out here for 4 years. My girl friend wants to see a careers adviser but doen't really know where to look for one. I've had a look on the web but seems difficult to get a straight answer. She just wants to see someone for advice on her future. Can anyone shed some light on good places to go? Happy to pay for consultation.

cheers

Spurs

by the way is the 100 times srent thing a general rule in property? eg if i was to buy in the uk for 50,000 GBP i should rent out for like 500GBP a month?

spurs

wow, THis is all excellent!

Thank you all very much for your replies especially you xbusman.

I'm from the UK by the way and live and work out here. I'm looking to buy property because I'm 30, have no pension and nothing saved for the future!! I have been told that investing in property is the best, safest bet for the long run. However judging by what's been written here I trust the uk would be a better to place to buy right now.

Love to comment about selling on out here being difficult. I was thinking the same.

thanks again guys.

If anyone wants to add anyhting please do. I really have zero experience in investing...pretty much anything!

i shall check back later.

Spurs

Hey guys. I'm considering buying property out here in Thailand. BUt have no idea if it's a good investment.

What areas of bangkok will be good to buy property?

Is it easy to sell on?

Can you make money on it?

what about elsewhere in thai;and? Samui? kho Chang?

Please enlighten me. I live and work out here but have no clue about this stuff.

spurs

thanks guys that's awesome info!

i'm going to look into it more too. I like the buying property idea. Seems a safe bet.

Spurs

gpt mine whitened at MBK. 9000b. didn't really do much to be honest. She used ZOOM laser system. my teeth are still yellow! I didn't buy the tray thing. But am thinking about it. Does it really work then?

spurs

yeah perspnal pension would be a good idea. Or is it? I have no clue about this stuff at all.

Yo guys,

I have been living and working in thailand for 3 years now and loving it!

What is the system for pensions out here? I'm 30 years old.

is social security the pension?

are there private companies anyone could recommend talking to?

do companies equal what you save out here?

I really have no clue about this stuff. Please help.

cheers

Spurs

QUICK QUESTION:

HOW MUCH TAZ DOES A FARANG PAY ON 55.000 THB A MONTH? I'VE DONE A SEARCH BUT ALL I CAN FIND IS SOMEWHERE BETWEEN 5-37%.

ANYONE KNOW SPECIFICS HERE?

SEALS

doe's anyone know the best place in bangkok for getting a tatoo? i know nothing about them to be hnest, this will be my first and looking for advice on a QUALITY place to get one.

look forward to the replys

spurs

doe's anyone know the best place in bangkok for getting a tatoo? i know nothing about them to be hnest, this will be my first and looking for advice on a QUALITY place to get one.

look forward to the replys

spurs

doe's anyone know the best place in bangkok for getting a tatoo? i know nothing about them to be hnest, this will be my first and looking for advice on a QUALITY place to get one.

look forward to the replys

spurs

thanks that really helps.

i've just done another search. all i find is changing visas from work to o to b etc. I just need a quick suggestion that's all. if not post the link for me to read.

any help is great

spurs

sorry all i'm brittish and am 28 years old

Hey all,

i've dona search but can't gt the specific info i need. Can anyone help?

1. i have a work permit and non imm b

2. i want to change companies

can i still retain the work permit and non imm b?

does it cancell out and the new company have to re issue?

do i have to leave the country?

what the best advice you can give for this?

really apriciate any help

spurs.

where is the best gym in bkk? and whats it called? SPURS.

hola,

just a quick one to ask if anyone knows of a place that does accupunture in bkk.

cheers

s