TheAppletons

Caption: Thai PM Srettha Thavisin grovels for digital wallet funding from Microsoft co-founder Bill Gates on the sideline of World Economic Forum in Switzerland.

Doubtful, IMO. Does the outstanding loan currently show as "open" on your USA credit report? If it isn't there now, it's unlikely that a default on your wife's loan would be recorded against your credit score. This begs the question, if you are 'on the bank papers' and you are concerned enough to be asking here about loan default, why wouldn't you take action to prevent said default? (Should you wish to check your up-to-date credit report, the free Experian app will provide your current credit score/report, including open/closed accounts.)

.....teach a man to fish and you can sell him a boatload of accessories.

Awesome. Another income tax thread.

There is no such law, rule, or regulation re: staying in Thailand.

I have a US Schwab account (not an international account) and always use a VPN to log in. No problems. I use SurfShark for my VPN, if that is of interest to you.

Call Wise and ask the rep to do so. Some on this thread have misinterpreted "tagging" to mean that your funds are "tagged" to show as a foreign transfer. When I posted "tagging" the account, it was intended to mean tagging it so that Wise only uses BBL to transfer my funds. That way, I avoid the intermediary bank dance step that results in a domestic transfer from one Thai bank to another. (Ergo, you still need to choose "funds for long term stay" when transferring via Wise.)

His response was to an individual who noted that his pension(s) totaled less than the UK taxation level of 12,575 UK pounds....thus, was not taxed in the UK. Ergo, it would be potentially liable for taxation in Thailand. That person said: ".......as my UK state pension and my company pension come to less than 12,575 pounds P.A. so it is not taxed it there my transfered funds will be taxed I believe that there other UK pensioners in the same boat ."

Well, yeah, it sounds bad when you say it like that.

This is factually incorrect. I send via Wise directly to my BBL account - every transfer lists as FTT. You are correct in that, on the occasions where an intermediary bank is involved, the transfer gets designated as something other than FTT. This is what OP should do. Wise is the entity to which he should be requesting assistance to prove overseas remittance. ------ Break ----- OP, you might consider asking Wise to "tag" your account so that all of your transfers go directly to BBL and not through intermediary banks. That way, you are *almost* guaranteed that you'll get the FTT designator, if that's what you choose when sending the money. Since "tagging" my account, 100% of my transfers have shown up as FTT (foreign transfer) because they've gone directly to BBL (not through an intermediary bank.) Wise will tell you that "nothing is guaranteed" re: tagging the account but they are 100% so far (knock on wood.) Edit to add: Tagging your Wise account to avoid intermediary banks may slow your transfer by a business day or so.

"Thaophiphob also proposed in the second draft to lift the ban on selling alcohol during certain periods in Thailand. In some countries, limiting selling hours is not related to controlling alcoholic beverages; it results in increased consumption and drunkenness, said Thaophiphob. As an example, this would drop the highly unpopular 2PM to 5PM ban on selling alcohol."

Seriously? Like this guy doesn't have millions of pounds stashed away in offshore bank accounts. Sheesh. Embarrassed but set for life.

You don't "lose" any days by renewing early.

Phuket, I think.

While acknowledging that you and the other poster have some bit of animosity between you, none of the OECD/CRS procedures is particularly relevant to the average individual attempting to navigate Thailand-specific tax rules.

It says (Government Service) in parentheses because it is referring to the preceding words which are "paragraph 2 of Article 21." In the US/Thailand DTA, the title of article 21 is "Government Service." "CLE 20 Pensions and Social Security Payments 1. Subject to the provisions of paragraph 2 of Article 21 (Government Service), pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State "

Here in Chiang Mai, I'd call it a songthaew also.

Uh huh. News flash - it hasn't "started already". Since the new "rule" was scheduled to take effect on 1 Jan 2024, your December extension renewal had no tax implications whatsoever under this new interpretation. Sounds a lot like a rogue IO trying to earn some extra pocket money.

Neither. He's signaling to the BoT Monetary Policy Committee that he would like them to lower rates when they meet next month.

Started operating on 29 December 2023, apparently. "The new bus line number 24 starts at Chiang Mai International Airport and has bus stops at well-known tourist destinations such as One Nimman, Chang Phueak Gate, Tha Phae Gate, Flower Market, Chiang Mai Gate, and Central Chiang Mai Airport. The bus services are available from 8 AM to 9 PM with transport fares of 30 baht for Thais and foreigners, and 20 baht for students throughout the line." (There is a route map in the link below.) https://thepattayanews.com/2024/01/01/chiang-mai-launches-new-bus-line-for-enhanced-public-transport-and-sustainable-tourism/

Seems to be some debate about that.... https://old.reddit.com/r/Thailand/comments/191f7yt/is_this_a_songthaew_or_a_tuktuk/

Yinn? Is that you? :-D

This is factually incorrect. If he's bringing personal savings accumulated prior to 2024, it is not subject to taxation in Thailand.

<Herpes enters the chat>