
Presnock
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Everything posted by Presnock
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well I googled tax identification: thai revenue department and got a revenue dept page and it mentions several times the ID number/alien too I am not sure what ID number other than the pink one that aliens get. Why not just take the pink id card to your local revenue department office and ask them if that suffices instead of not accepting what the page says about getting a tax id number and not needing one if you have the (sorry) it didn't say pink ID card number.
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Amen to that comment seems you understand Asians pretty well...but like I said if you are concerned, take your pink ID card, a copy of the Thai revenue dept page on using that pink id card number for filing taxes and your wife to make sure all understand what is going on, and show them in their own office words about the pink id card number that may or may not be valid any longer. Best of luck and surest way that you are possibly going to get an honest answer. Of course you couldalways go to one of the tax agents and pay them for the same answer. UP to you. Good luck
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Taxation of foreighners in S/E Asia?
Presnock replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
I personally think that eventually and don't have any idea how long it might take, but countries will change their tax residency so that none can escape paying someplace. My feelings but 138 countries on this list though enough about non-payment of income taxes to sign on to the agreement - even China and some other odd ones.. Totally agree, even with the LTR and DTA protecting me both ways - TIT and that all could change tomorrow just like the govt, but since they most likely want more retirees here or weathy people to come here long term, I think that they will grandfather those with certain benefits. Of course that is wishful thinking on my part but... -
I fully understand about tax offices, I have been filing for 60+ years and hate to do it every year but I do have a company that does it for not very much and I usually have my tax refund within a couple of weeks. I am very good at following written instructions which the IRS is very good at providing for us. Good luck to you guys too. It mentiones nothing about changing the numbers - but I didn't read beyond that at the beginning about the pink card ID.
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well LIke I mentioned, I am not a tax expert, I can read their laws, usually understand in Thai or English and I am telling you what it says in the current Thai Revenue Department page. If your ID number is less than 13 digits that might be a problem but again I sure don't know, If you are concerned, copy that page and go to the local rd office and show them and then they should understand. Good luck.
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Taxation of foreighners in S/E Asia?
Presnock replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
And pray tell, I too hate taxes but, I have paid them my entire working and now retired life - but, one of the stated reasons for the OECD 2023 agreement signed by 138 countries is that many people do not pay any tax required on their income! Even if not in the OECD, FACTA and CSR signed by the US and other countries (including Thailand) have agreed to exchange banking info on their account holders. At the beginning, one will be told and eventually it too might become an unlawful practice if one doesn not provide current address and providing a different or not valid address could lead to legal action. -
Just read the revenue department documentation on obtaining a tax id number - it staes at the beginning - this is one of the revenue department's pages - tax identification - says if one has a pink id card (I guess a 13-digit number that one does not need to get a tax identification number but if one files a tax form, just USE THE PINK ID CARD NUMBER. The revenue department says this. COpy the page and if you go talk to your local tax office take that page and show it to him/her. That is an official document (or translation by that department anyway).
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If you go to the thai revenue department, it says "quote" if you have a pink ID card then you do not need to get a Tax ID number, and if you file taxes just use the ID number on the pink ID card" that is a quote from the Thai Revenue dept page. Just google TaX IDENTIFICATION: THAI REVENU DEPARTMENT AND IT GIVES YOU THE OFFICIAL PAGE FOR THAT. iT IS RIGHT AT THE BEGINNING.
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No I have no idea how much you might be able to reclaim - as many have said, they will ignore that even though some have gotten it before. People seem to be afraid that the Revenue folks will then target one if one doesn't file the tax forms. All you would have to do is show a copy of you LTR visas and they should definitely understand that you don't have to remit anything. I just didn't know if you had a lot of interest paid on the Thai banking bit.
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Well I am positive about seeing numerous times here, that your pink ID number will be your tax ID number. I am also positive and have read the Revenue Department royal decree explanation and know that ANY remitted foreign funds are exempted by that royal decree.. Now any Thai income (since some on an LTR can also get through the BOI a work permit and the tax amount is limited but I am not sure if it is 14 or 17% of assessable income. If you do have assessable income from within Thailand then yeah you will include that on a tax form. As for the exempted funds from overseas, I think (maybe) they will include something along those lines in the new tax forms that reportedly will come out in Nov/Dec of this year but we will have to wait and see since the govt may be all screwed up until the dust settles. If you do not have any assessable income you would not have to do tax forms but should get that tax id number settled for your Canadian offices. I am not a tax expert by any means but I do know about my LTR exemption and DTA of the US so the other bits on the ID number if you are a pink card holder is based on numerous conversation here and I don't understand why a revenue dept anywhere would not know about that. But it seems that from other conversations here on this forum from users that go to the "local" revenue department office those officers too in most cases know nothing about anything this year. Hopefully by the end of the year we expats will get the final version of this whole bit and whether or not there will be further changes,. Good luck.
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British family struggles with father’s funeral costs in Thailand
Presnock replied to snoop1130's topic in Pattaya News
Somewhere on this forum, a user reported the name of a company that arranges CHEAP cremations. I forget when but it was not too long ago. good luck -
I too have any LTR - my pension can't be taxwed by Thailand, the LTR too indicates that I cannot be taxed on any foreign monies remitted into Thailand. Therefore I do not have any assessable income so am not required to get a tax ID by definition of when to do so nor will I have to file any tax forms. Since you do have interest income, just check with the Thai revenue dept or one of the charts on this forum that provides the amount needed to meet assessable income level after deductions etc. Unless you are getting a lot of money on the interest then I wouldn't worry about it at all. If your want to get that interest money back from the bank or whatever then you would need to file. The requirements for getting a Thai Tax ID number (yeah it will be the same as your pink ID number) then you can google the revenue dept and check their website. They have a chart there with the laws in Thai and next to each type, there is an English translation. Best of luck. boi ltr also gives you the benefits - no tax on foreign funds and the revenue dept also has the royal decree with the exemption of the foreign money remitted by LTR holders.
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No question about it! I watched it from beginning to end and got more and more pissed at how stupid and unprepared the American military and government were so inept! I also feel so sorry for the females of that country - going back to the stone age! I have lived among the fundamentalist Muslims and the Talibans/ISIS are even worse!
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Taxation of foreighners in S/E Asia?
Presnock replied to swissie's topic in Jobs, Economy, Banking, Business, Investments
As for the PI, I am also on their forum but only as a reader - I see the same kind of problems with the expats there, maybe not so much the tax issue but every other issue. Most folks on their forum complain about visa issues though mentioning that iti is easier than here. The PI is not as much a paradise as here unless you are looking for something specific - I lived there for 6 years - greatest scuba diving in the world and really go along well with the locals but the local food to me was not so well liked. Weather about the same except the 15-20 storms they get every year, and the earthquakes are much stronger than here and active volcanos. Other than the bad, the good was great and if I had to leave Thailand I definitely would consider the PI. I also see many countries than did not do the tax bits before, now that they have signed on to the OECD, FACTA and CSA programs, are also working with their tax programs. The only answers I see are the LTR if qualified and not becoming a tax resident but that probably will change in the future too since one of the stated reason for the OECD agreement was to seek out anyone not paying taxes to a country. Best of luck to all -
I am currently married to a Thai (20 years) but I also lived and worked in Thailand for over 12 years in different decades with my American wife who passed away a long time ago. I have seen Thailand change and revert to previous and change again and back and forth on many issues. People asked questions about life here before and current and about the citizens here and the different laws that change and affect us in different ways so that is why I continue to express my feelings about certain issues. Some deal solely with life in this paradise while other questions or comments deal with life in general. I am very opinionated so gladly spell out what I feel but I also try to mention that it is my opinion and that one might not agree with it. Since I am 77 there have been a lot of folks who did not agree with me but I survive still. Best of luck to all.
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12 month bank statement
Presnock replied to CallumWK's topic in Thai Visas, Residency, and Work Permits
I find this answer strange as when I go to my bangkok bank in CM and talk to the manager about what I need for the immigration office there, he explains and shows me exactly - a statement from that branch of monthly payments from overseas accounts, a letter from the main bank in Bangrak for the 12 month period, plus I need to update my account on that date, then plus the IO insists on a copy of every page of my bank book. Just saying that is what I have done for the past 5 years or so when they changed their policy about embassy letters and individual account only although up until then my wife and I had the account that I used for 15 years. But even so, now doing the yearly in CM is much easier than it used to be but that is even out now as I changed to LTR visa. Just saying, as it seems not only do the offices differ in requirements, each inidividual IO also has their own preferences. Wonder how all this will be affected by the taxation changes? -
Your Experience: Are Thai Women smarter than Thai Men?
Presnock replied to GammaGlobulin's topic in ASEAN NOW Community Pub
This all comes down to one important thing in figuring out the answer this question - what is your definition of smart people. There is a Korean drama series right now with this same question. One thinks money is the answer, meaning whoever has the most money is smarter where the other thinks the answer is people and how each treats the other. I am 77 have worked with people of every level of advanced education and have noticed that no matter how educated a person is, one cannot judge their character so does being smart have to do with character or money. I know my opinion on that question for sure and base it on how I was raised by my parents. I do find it interesting to read some of the answers on this forum and am somewhat disappointed but I accept that I too may be different from many others and who is correct or who can answer what is correct? -
Blueberries (And Fairly Priced Strawberries?) Where ?
Presnock replied to Pink7's topic in Chiang Mai
Yeah, when I was searching for cheaper berries of all types, I tried some frozen from western countries and thought that they would be quality berries - especially since health experts said that the frozen fruits were great quality - but they mostly turn to mush when thawed. Tried several different brands same result. So, bottom line is what will they be used for - making drinks probably okay but as mixed salads, topping yogurt, etc I am not so sure and wouldn't recommend them myself. Best of luck. -
Police intercept convoy with illegal Chinese imports in Kalasin
Presnock replied to webfact's topic in Isaan News
Surprise! Surprise! just the beginning as trade deals with the Chinese come to fruition. Yeah Thailand needs someplace to send goods to and one would think that one of the most populated nation just up the street and railroad, would be a great place to make some money. But have the Thais considered how much the Chinese need an outlet for poor quality and cheap materials at the same time their economy is slipping? But again TIT and the main desire is for the rich to get richer. -
Warning Signs of US Recession: A Potential Setback for Kamala Harris
Presnock replied to Social Media's topic in World News
Well, the US stock market jumped back up near record levels well above 40000, plus news reports from the US report spending by US consumers has jumped up recently and now instead of a recession, the "experts" are saying that with the fed now saying maybe 2 corrections this year, -
totally agree, the self proclaimed greatest negotiator gave the Taliban exactly what they wanted. But Biden wouldn't have been able to change anything anyway. The Brits couldn't do it, nor the Russians even with all their brutality. We gave the Afghani's a touch of freedom (education and working for females) for 20 years but couldn't stop the Rebels. The surrounding countries are the same home grounds of those mountain folks with western drawn boundaries which those rebels totally ignore and many of the govt of those countries too ignore those boundaries.