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DrPhibes

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Posts posted by DrPhibes

  1. 57 minutes ago, RocketDog said:

    Yep, along with Eritrea the only two countries in the world's that do it.

    For USA citizens though, the first 100k$ from foreign income is tax free.

    Actually not exactly accurate.  The first $112,000 of 2022 WORK income out of the US that fits in a 12 month window out of the country that can span more than one calendar year where your not in the US more than 330 days can be excluded.  Enrolled Agent with the IRS ????

    • Like 2
  2. 55 minutes ago, Wombo1 said:

    Back story behind this decision

    At the moment you are only taxed on foreign income that you remit to Thailand during the year that it is earnt.

     

    So for example if I was to earn money in The Gambia in 2022, if I remit that within 2022 then it is taxed. But if I leave it outside the country and remit it in 2023 then it is not taxed.

     

    Essentially they are closing a loop-hole that enabled people to not pay tax on foreign earnings. For example a Hi-So could setup a company overseas, pay themselves a big salary to an offshore account and then only remit that to Thailand 1 year later and pay no tax...

    Just posted this exact strategy I use.  Use several bank accounts to season money so that I am using last year's money this year.

  3. On 8/31/2023 at 4:02 PM, LaosLover said:

    Yes, but no.

     

    They will tell you yes, and in theory you can. But the merchant being paid may pay a higher commission, or prefer a Visa card.

     

    I have had my BKK Bank card declined about one time in six in Singapore and KL. You'll have better odds using the ATM of whatever the biggest bank in Kathmandu is. Or better yet, an Indian bank.

     

    Been to Nepal 4 times and would go again tomorrow.

    Yup,

     

    That's why I'm ask'n.  Thank you for such a quick response.

  4. On 7/22/2023 at 4:32 PM, Sticky Rice Balls said:

    I do it on less than 500 bt a day.......all costs inclusive...

     

    I bike the city....get 2 chicken snacks from chicken lady  20 bt  and a tea  30

    my room comes to 150 bt a day with the AC running a bit high in this heat = 4000-4500 month

     

    fruit and tom yum soup on my way home 20 + 50   maybe big order of avocados peeled  40

     

    and usually still have left over cash from my 500 bt daily budget to gauge my spending

     

    fill up the motorbike once a week for 80    do my laundry once a week also 80...

     

    biggest $$$ being my visa renewals which will be #2 this week, so there goes 2000....blah

     

    If i want to go drink or whatever i can do so as im under budget but happy with my routine

     

    I dont pay to play as my hand works just fine..i also have my other hand aka my Gik...

     

    come home shower eat and watch news-movies that i chrome cast to tv...read my books

     

    simple living--stay active and fit and eating local and healthy......sure beats the states...

     

    *let the flaming begin*

    Each person's experience of what constitutes basic essentials and "living" is different, ya can't judge another for that, only yourself.

  5. On 8/21/2023 at 2:26 PM, Adumbration said:

    Accident insurance (AXA) for unforseen events. 

    For surgeries go to New Dehli or Calcutta and for chronic and terminal illness go back to your county of origin.  

     

    Sheryl will provide the only advice worth listening to when she posts on this thread.

    Thanks for the tip.  Really only looking for catastrophic insurance, I can take care of the rest out of pocket.  Anything chronic or not time critical I can go back to the US and use Medicare.

  6. Wow, 65, slightly elevated (not high) BP (in check by the most minor of medication) but nothing else.  Had dropped my private US insurance that was costing me nearly $1,300 USD/mo when I hit US Medicare earlier this year but now need 5mo of coverage while in LOS before heading back to the US.  The coverage here in LOS is nuts bad.  I don't need life Ins and the roughly $2,000 USD per year (can only be paid yearly) being quoted pays jack s__t per Confinement (which, while there is an asterisk on it, is never defined).  I agree with others in this thread in that companies like Cigna Global might be a little bit more expensive, but way better coverage.  Going that route...

  7. Went to file my 1st extension based on a multiple entry non-imm O based on marriage Aug 11th.  Turns out somewhere along the line I had lost my TM30 out of my passport.  Immigration high up friend of ours said no problem, if you have an old one, just show them that.  Arrived to an absolute zoo at the airport immigration office.  Turns out they were still processing people who they turned away the day before but who had numbers already (and it was the day before the 3 day weekend) but we needed to do it that day for numerous reasons.  Anyway, once they checked all the packet copies numerous times, they decided I needed to go over to the TM30 place in the back and get an updated one.  Bad luck as the TM 30 place had just closed for lunch, so very quick lunch and back to get in line for TM 30.  Only had to wait for 5 people and then obtained the new TM 30 copy in a few minutes.  Back to the document check area (directly back to the window we were at prior, no waiting) and off with our number we go into the main building.  Had to wait about 5 minute to get called, turned in paper work, waited another 15min and then got called to take a pic and receive my passport back with a return date for the extension stamp of Sept 22.  Did not check before I left (my fault).   I thought the wait time was 30 days?  Missing something?

  8. Just putting in my 1st extension based on marriage tomorrow and immigration wants a statement from the bank that I have had the required 400k in the bank and a separate official bank printout of my account for the last 2 months (had them print 3mo) as part of the package.  2 copies of each form at 100 baht each so 400 baht total from BKK bank.  The problem with updating the bankbook (not done in quite a while) is it did not update everything so official print out was the ticket.

  9. Hi All,

     

    Going to do the extension of my Non-O multiple entry visa based on marriage at CM immigration.  400k+ of money seasoned as of today.  Does anyone have a list of all that is needed for CM immigration for this extension?  I went to the immigration office by the airport and was handed forms but there was no list of supporting docs or pictures or etc... like there used to be.  Then went to the CM immigration website but I know the list of docs and info is incomplete for this type of extension.  Also, can this extension be done online?  I saw that some extensions can be done but they want you to set up an account first to see which.  Lastly, I would imagine once the application has been submitted, I would not have to cross a border at the end of my 90 days on the multiple entry visa, but I think I would have to do a 90 day reporting, correct?  All help greatly appreciated!  Thanks in advance.

  10. Hi All,

     

    Going to do the extension of my Non-O multiple entry visa based on marriage.  400k+ of money seasoned as of today.  Does anyone have a list of all that is needed for CM immigration?  I went to the immigration office by the airport and was handed forms but there was no list of supporting docs or pictures or etc... like there used to be.  Then went to the CM immigration website but I know the list of docs and info is incomplete for this type of extension.  Also, can this extension be done online?  I saw that some extensions can be done but they want you to set up an account first to see which.  Lastly, I would imagine once the application has been submitted, I would not have to cross a border at the end of my 90 days on the multiple entry visa, but I think I would have to do a 90 day reporting, correct?  All help greatly appreciated!  Thanks in advance.

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