AlexRich

On 10/4/2023 at 1:30 AM, Moonlover said:

I haven't filed a UK tax return for around 15 years. I was told by HMRC once I'd ceased working that they no longer required one from me and I've no intention of starting again.

 

I take the opposite view to you. I don't think we have anything to worry about. the DTA's have got our backs.

If HMRC don't send you an annual return, you then only have to complete one if you have UK taxable income (presuming you are a tax resident of Thailand?). Unfortunately, they send me one annually, so I have to complete it, even though my UK taxable income is below the tax threshold. If I don't, even though I don't owe tax, they would impose fines and penalties. I mention this because some people might not be aware of it.

As for double taxation agreements, they work okay if the UK tax is equal to or higher than the Thai tax. However, if the Thai tax is 30% and the UK tax is 20%, you might find that Thailand is entitled to claim the 10% difference. Again, when this matter is clearly outlined in Thai tax law, this is something that expats need to get advice on.

The actress Kathaleeya McIntosh is half Scottish/half Thai ... she's a very pretty lady but I'd say she looks more Thai than European. Her brother is also an actor and he looks closer to Thai also. Both are attractive people and much loved by Thais.

On 6/1/2023 at 2:24 PM, Chicksaw said:

Moral of the story: Rent, don't buy. At least not anything bigger than a washing machine.

If it floats, flies or f**ks, rent, don't buy!

On 3/26/2023 at 12:37 AM, thaibeachlovers said:

Good post. Perhaps all the posters that are raging against Russia should put their boots where their opinions are and go join the Ukrainians on the front line.

Everyone has a right to opinion, particularly about what Russia is doing in Ukraine. Does it disturb you that people are "raging against Russia"? It's as if you think they have no right to?

11 hours ago, BritManToo said:

Is there a t-shirt that shows support and solidity for the people of Russia?

(Asking for a friend)

I’m sure you’ll find one in a shop for fans of genocidal despots.

A good question, one I’d like to know the answer to? I suspect you only declare income that is considered taxable, so no need to declare overseas earnings not remitted to Thailand during the tax year. 
 

A good Thai accountant with experience of expat returns would be your best bet. 

Almost completed "The Honourable Schoolboy" by John Le Carre, the second book of the Smiley/Karla trilogy ... interesting because it takes place in the Far East ... Hong Kong, Vientiane, Saigon, Phnom Phen ... all places I've been.

I’ve been reading Putin’s People by Catherine Belton. It’s about the rise of V Putin in Russia and the activities of his authoritarian regime, which has led to the tragedy in Ukraine. The west have been sleeping at the wheel where Russia is concerned. 
 

I’ve also just finished The Cryptocurrency Queen by Jamie Bartlett, which documents the rise of a crypto Ponzi scheme called One Coin, headed by Bulgarian fraudster Ruja Ignatova. Ruja disappeared and is now on the FBI’s most wanted list.

Wichan was distracted by a farang … whilst driving in town at high speed perusing his smart phone. Police are searching for the culprit.

It may turn out to be nothing serious. I don’t think we’ll know for a few weeks. Thailand should focus on the roll out of vaccines and boosters, and only worry about this if the facts confirm it is serious.

At this stage no one really knows what the fallout will be from Evergrande. The CCP may well direct the local Banks to step in and control the damage. But a misstep is possible, and that could have a ripple effect on other property companies. I read the sector makes up 25% of China’s GDP so it is pretty significant. Evergrande appear to have defaulted on a dollar denominated interest payment, but technically they get a 30 days grace period before it is classified as an actual default. So next month should be interesting. I don’t think this issue is going away. 

1 hour ago, GammaGlobulin said:

You sound a bit like Noam Chomsky. 

 

Corporations are not humans. 

 

I am sure that most of us humans agree with what you have stated. 

 

The point is that you sell your life for a pittance, and become the slave to capitalism. And when it's all over, you have just too little to show for your devotion to the machine. 

 

All you got left... Wham, Bam, Thank you Ma'am. 

 

You work your fingers to the bone, and then finally realise that you have frittered away your precious life, working for the Man. 

 

You finally realise that you have unwittingly been a slave. 

 

And, you feel regret. 

 

But, now it's too late. 

 

 

 

 

Not for me it isn’t, I escaped.

On 8/22/2021 at 3:21 PM, Sparktrader said:

Which is why I wont help anyone anymore unless I know I get paid for it. Worked hard for nothing before. Never again.

It took me a while to realise that corporations and private companies just use you, and dispose of you when they don’t need you anymore. Some people get lucky, like early employees of Google or Facebook, who get to cash in options and be financially independent. Most people give the best years to people who don’t appreciate it. The best plan is to get off the hamster wheel early and work for yourself.

11 hours ago, FridgeMagnet1 said:

Thanks, so I could just transfer it to my BBL, keep records and not have to alert anyone?

(Novice business owner)

I don’t know what your BBL stands for? I’ll guess it’s your Thai Bank?
 

So I would delay transferring any dividends earned from your business in any given year until the next Thai tax year. Then you are not liable to Thai tax.
 

But I’m intrigued by your assertion that you are not liable to tax in Estonia? If the profits derive from Estonia and you are an Estonian national then I would have thought you were liable? Are you 100% sure about that? 

My understanding is that Thailand is only interested in overseas income that is brought into Thailand in the same tax year that it has been earned. So if you receive a dividend in June and transfer it to Thailand in July you are technically liable for Thai tax. However, if you transfer the dividend in January the next year you are not liable to Thai taxation. So the timing of transfers is crucial.

4 hours ago, nomad2019 said:

so, is bitcoin a decent punt ?   whats your thoughts,  might whack another £1000 on BTC ????

In 1660’s Amsterdam the guilders went on Tulip bulbs … you couldn’t go wrong … until it did.

I don’t think it’s a terrible investment, although it’s been on an upward trend for many years in the period before that it was fairly dismal, so perhaps 10 years isn’t a long enough time period to judge it. Gordon Brown sold off a large chunk of the UK’s Gold reserves just before the recent climb, and he’s supposed to be economically literate. 5% of your net worth is fine, but I wouldn’t sell the farm and sink the proceeds into gold. It’s okay as part of a wider portfolio.

This will be world news soon. How sad. RIP.