
bamnutsak
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Everything posted by bamnutsak
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Thai Tax Strategy Revamp: VAT Hike, Income Tax Cuts Proposed
bamnutsak replied to snoop1130's topic in Thailand News
I think the VAT rate is 10%, but as of 1997 it has been temporarily reduced to 7%, and that reduction has been renewed annually since, by Royal decree. Currently this temporary reduction runs through 30 Sep 2025. -
Stick a fork in this clown, he's toast. https://www.newyorker.com/news/news-desk/pete-hegseths-secret-history
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Citibank ATMs in Bangkok?
bamnutsak replied to david_je's topic in Jobs, Economy, Banking, Business, Investments
Yes, I made a CC purchase yesterday (Central Chidlom) and got that rate (34.155 rounded up). I think Visa has one rate per 24 hour period, but that idea may be wrong. And yes, banks have their own TT rates, which can change multiple times per day. I think BBL had three rates yesterday. -
Given that you can only report on-line in a seven-day window - I assume this recent change is still in effect - and that there are limited appointment slots, which get booked out quickly, more people are forced to report in person. And there are runners with upwards of 50 passports in hand filing reports. So the reports of wait-times of up to four+ hours are probably to be expected. Maybe they shift more staff to 90-day processing once they clear their backlog at 17:00? IME, once you hand over your document package the report gets processed in three minutes tops. CW is my reporting office, I assume that's the OP's office as well.
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New York Times: Pete Hegseth’s mother wrote him an email in 2018 accusing him of mistreating women The mother of Pete Hegseth, President-elect Donald Trump’s pick to lead the Department of Defense, sent an email to her son in 2018 that sharply criticized his treatment of women, The New York Times reported Friday. Penelope Hegseth told her son in the email that there are “many” women whom he has “abused in some way” and encouraged him to “get some help,” according to the email published by The Times. https://edition.cnn.com/2024/11/30/politics/pete-hegseth-mother-email-new-york-times/index.html
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K bank E-mail with Tax Forms attached ?
bamnutsak replied to offset's topic in Jobs, Economy, Banking, Business, Investments
https://www.kasikornbank.com/en/Download/pages/result.aspx?type=70&group=1 -
Citibank ATMs in Bangkok?
bamnutsak replied to david_je's topic in Jobs, Economy, Banking, Business, Investments
The OP might be better off doing a counter withdrawal? Where you withdraw your daily limit ($1,000? $1,500?, $2,500?) in one go. Google: counter withdrawal site:aseannow.com I could barely get 20,000 out of a new BBL ATM "slot" style, it took significant force to pull the cash out. Obviously, the "trough" style offers less physical limitation. Given the 200 baht minimum fee (0.25% of the transfer amount Baht 200 Min., Baht 500 Max) for incoming SWIFT transfers, and the lower TT rate (34.07 - TT vs. 34.16 - Visa/~ nowish), it is probably better to eat the ATM fee for withdrawals up to ~ $750. Amounts greater than that require may two pulls, and a 440 baht total fee. So go with a SWIFT transfer or a counter withdrawal. This assumes that the ATM fee is NOT reimbursed, no foreign exchange fee and no SWIFT fees. -
Trump Plans new Tariffs on Canada, Mexico, and China
bamnutsak replied to Social Media's topic in World News
We can't stop fentanyl usage/demand. We can't stop (all) fentanyl being smuggled in. So Trump wants Mexico and Canada to do this for us. Maybe his version of outsourcing? I think most fentanyl is produced in Mexico with precursors from China? -
Citibank ATMs in Bangkok?
bamnutsak replied to david_je's topic in Jobs, Economy, Banking, Business, Investments
Yes, I had Chase on the brain. But what was the reason for the OP to search out a Citi ATM in the first post? They can use any ATM. -
Citibank ATMs in Bangkok?
bamnutsak replied to david_je's topic in Jobs, Economy, Banking, Business, Investments
So why are you looking for a Citi ATM? You can use ANY ATM. -
Trump Plans new Tariffs on Canada, Mexico, and China
bamnutsak replied to Social Media's topic in World News
Been there, done that...Peter Navarro to the rescue. 92 Percent of Trump’s China Tariff Proceeds Has Gone to Bail Out Angry Farmers In 2018 and ’19, Trump authorized payments to U.S. farmers of $28 billion to offset their losses from Chinese trade retaliation. This year, with farmers struggling under the twin crises of the trade war and the pandemic, bailouts have soared way higher. Trump promised angry farmers another $19 billion in April and $14 billion in September—bringing his bailouts to a grand total of $61 billion. He has pledged to continue these bailouts until the trade war ends. That trade war has cost U.S. companies many billions in new import taxes (while undermining their competitiveness and increasing consumer prices), yet it has earned the government far less. As the chart above shows, payouts to farmers battered by Chinese retaliation have eaten up over 92 percent of the trade-war tax proceeds. https://www.cfr.org/blog/92-percent-trumps-china-tariff-proceeds-has-gone-bail-out-angry-farmers And what's up with Canada? Are illegals and drugs flowing in over our northern border? -
Citibank ATMs in Bangkok?
bamnutsak replied to david_je's topic in Jobs, Economy, Banking, Business, Investments
People often forget to factor in the 220 THB local ATM fee when calculating the overall resulting "rate". So if you took 20,000 THB away from the ATM it was actually 20,220 THB (in USD at the daily visa/mc rate). This assumes that your bank does NOT reimburse this fee as do Fidelity, Schwab and a few others. No clue if Citi-US does. -
K bank E-mail with Tax Forms attached ?
bamnutsak replied to offset's topic in Jobs, Economy, Banking, Business, Investments
What reason, for not having a TIN, did they find acceptable for Part 2, Section 2? I am thinking about using one of the offered reasons, "Types of income exempted to taxation" and maybe (U.S. Social Security) in parens. Agree the FATCA form is straight-forward as is the W-9. -
Processing time per the USEMBTHL is up to six to eight weeks. Recent reports, this year, have been five to seven weeks, but some reports with shorter turn-around times (3 ~ 4 weeks). Ideally, you'd mail it in the same day you got a sixty-day stamp. Not sure any office will provide a 30-day extension with 47 days on the clock? Tricky situation. I might consider leaving today, re-enter on a new 60 day stamp, then mail the DS-82 package.
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K bank E-mail with Tax Forms attached ?
bamnutsak replied to offset's topic in Jobs, Economy, Banking, Business, Investments
Can anyone post the entire FATCA/CRS Individual self-certification form? To me (U.S. citizen, tax resident in Thailand) it looks like we might have to fill out the self-certification form, just parts 1, 2 & 3. I don't think the W-8 and W-9 are applicable, to me anyway. Admittedly an older document... https://media.krungthaixspring.com/docs/en/services/FatcaForm_EN.pdf -
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A SWIFT first-party international wire transfer of USD directly to your account at Bangkok Bank in Thailand may be the best all-around option. But you need to check with Vanguard (or Fidelity, TRowe, Citi etc.) to see what their procedures and costs are. WISE may also be an alternative. I know that Fidelity offers fee-free SWIFT transfers, BUT you need to have a Medallion-endorsed transfer order on file, and you need to call in the transfer. For me, I was required to submit this standing order in person at a Fidelity branch. Transfers flow from Fidelity to Chase JP Morgan (intermediary bank, no fee) and on to BBL/THL, where they offer the TT Buying Rate and a sliding fee of between 200 and 500 THB. https://aseannow.com/topic/1271424-usa-vanguard-wire-transfer-to-bangkok-bank/