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YT3k72Em

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Posts posted by YT3k72Em

  1. On 1/26/2022 at 11:31 PM, MeaMaximaCulpa said:

    I was asked by my home country bank to supply the TIN for Thailand, which they will pass on to the tax authority there (according to FATCA & CRS).

    I have a pink ID card, and at the Jomtien revenue office they said my tax ID number is the same as my pink ID card number. I just left it at that and sent it to my home country bank.

     

    Now I have never bothered to reclaim the tax on interest before (yes such a lazy, rich sad old <deleted> I am ????), but I guess I will start, since interest rates will probably go up going forward.

     

    Can I go back in time to previous years (say up to 10 years back) to claim back interest, or is it just for the current tax year? Going back I can find some worthwhile amounts, before rates nosedived.

     

    Since I have the pink ID card, do I still need a separate tax ID card for this? I have no other income in Thailand, except bank interest (@BBL, savings and FC accts.)

    I would go and get a real tax ID card (it's actually a small slip of paper) from them to confirm your Tax ID is the same as the Pink ID card. Mine are not the same.

     

    You can only claim back 2 years I think, you have to pay a 200 baht late filing fee if you do.

  2. As someone said, this is a buy vs. rent question. Not really about crypto.  If you had the 15 million sitting in a bank or in the stock market would you buy the house?  If you could get a mortgage for most of the value would you buy the house?

     

    It's about opportunity cost.  Spend the money up front and lose the ability to invest it, but gain the security of owning your own place. Or, invest the money and use the profits to rent and gain more flexibility.

     

    • Like 2
  3. An update in case anyone still wants to do the verification.  They have now added English options to the voice menu on 1240.  After calling they'll send you an email with a link to a QR code for LINE.

    After adding them on LINE you can do a video chat and show them your docs. When it's complete they'll tell you to never use LINE to contact them again! 

     

    Then you will be informed that you now have the ability to send money to friends and family in Myanmar or Cambodia.  Yep, they've gone inter.

     

    If you don't complete verification by 31st August you will be blocked (or restricted?)

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