-
Posts
1,220 -
Joined
-
Last visited
Content Type
Profiles
Forums
Downloads
Posts posted by DrPhibes
-
-
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.
-
- Popular Post
- Popular Post
2 hours ago, sirineou said:It all depends on how foreign income will be taxed in Thailand.
Usually these tax treaties subtract the tax you pay in your home country, from the required tax in the country you are an expat. If the tax you pay in your home country is higher or equal to the tax in the expat country then you don't pay anything. But if the tax you pay in your home country is lower than the tax in the expat country , then you pay the difference.
So if the tax rate in Thailand is lower than your home country you pay nothing, but if it is higher you will pay the difference.
So let's wait and see how this thing plays out,
One good thing that could come out from paying tax here, is that you might get some residency benefits. I would not mind some sort of scheme where we could use the Thai national insurance plan.
Some of the US tax treaties exempt certain types of income from being taxed by a foreign country. Each of us need to now research our home countries tax treaties with Thailand. I use a different method. The current law states income earned and then brought in the same year is taxable to a tax resident. I have a separate bank account in the US to season the money I earn until after the 1st of the next year and then use that money to live here for that next yr. Have 3 accounts for this cycle. All well documented. Hope this helps. BTW, leaving with family in June for a couple of years to see how things pan out here. Did this back when it looked like Thailand was going to Civil War way back in '06.
- 1
- 2
-
Paid 210,000 baht sin sot in 2000 for my wife, my offering. Paid about $400 for a feast (and hangovers) for the village in the depths of Issan, including a cow we all ate. Best investment I ever made ????
-
Ha, great place to hide and manipulate your "salary".
-
Hahahahaha, "agrees"!
-
So it has come to this level to discredit, jeeeze!
- 2
-
19 minutes ago, Mavideol said:
big brother XI will not allow it
With a somewhat strategic position, who will line the purse the most.
- 1
-
- Popular Post
First rule of defense, lead with an offense.
- 3
-
Ya, after this sham of an election and what may come of it and having a now 5yr old, we have decided to move to another country next June and sit out a couple of years before making the decision to move back. We did this before with our much older kids back in 2006.
- 2
-
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.
-
Heading to Nepal for the first time in Oct and need to know if I can pull out Rupee from an ATM using my Bangkok Bank card. I will speak to the bank but I'm looking for actual experience from one of our group if you get my drift. Thanks in advance!
-
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.
-
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.
-
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...
-
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?
-
2 hours ago, Don Chance said:
A grown man with a skateboard.
Try saying that line to Tony Hawk's face and see who gets battered with a skate board next!
- 1
-
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.
-
1 hour ago, DrJack54 said:
In the attached thread scroll down to post from ubonjoe.
He suggests no problem couple of days late..
https://aseannow.com/topic/1187537-under-consideration-for-oct-26-can-i-go-a-couple-days-later/
Ubonjoe, RIP Still a contributor from the great beyond!
- 1
- 1
-
3 minutes ago, brianthainess said:
Did you ask for one?
Volunteer just shoved 2 copies of 4 docs (one being the page for the map) said that's what you need and then immediately sat back at her table and took on the next person asking for help (with 4 people behind them waiting). To be honest, the place was a zoo at that time. Was hoping something in the paperwork.
-
17 hours ago, DrJack54 said:
Not so recent however excellent OP in this thread below.
OP you post it that thread.
What changes have occured..
https://aseannow.com/topic/1224751-marriage-visa-extension-guide-chiang-mai/
Thanks!! I'll post back if any changes from this post you sent me.
-
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.
-
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.
-
-
On 7/19/2023 at 9:33 PM, Felton Jarvis said:
Wasting food in a developing country is an abomination. Shame on these people.
Sorry, Thailand has an abundance of food, it why China wants it!
Thai government to tax all income from abroad for tax residents starting 2024
in Jobs, Economy, Banking, Business, Investments
Posted
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 ????