aldriglikvid

Essentially all societies (Europe, Japan, Canada, Korea, etc.) that have built a rigid social safety net (healthcare, education, elderly care, etc.) tax fixed assets as it's impossible to move and low administration to tax. Also, since it's an actual piece of the land in the aforementioned country it also makes sense on a philosophical level. To continue not taxing fixed assets, and to continue only taxing 4 out of 37 million working people - just to make it all up by the very burdensome route of taxing foreigners international transfers just doesn't make any sense to me. That's why I believe either this will be a "nothingburger" (i.e. self reporting with very few controls) or an absolute smash to Thailand as an expat destination. Rest assured, not a single Russian, Chinese or Indian (their 3 top tourists) will self report any tax on international transfers this coming spring. Not one.

Somewhat interesting stats this morning from Maybank: Of 37 million employed approx. only 4 million pay tax. Furthermore, the real estate tax here is only symbolic in nature and almost doesn't contribute to the total revenue. These are two low hanging fruits, in my opinion, rather than going on a convoluted chase of foreigners international transfers.

Talked to a local realtor that has been making decent to good money the last years: business slowed down somewhat earlier this year and the remittance tax was said the reason by the customers; now the market has come to an halt. She tells me that 80-90% of customers enticed to buy use the remittance tax to not go ahead.

That's very helpful. I'll contact Wise and see if they can provide me with documents to verify it has indeed been international transfers. Also, I'll visit my Bangkok Bank branch and see if they can produce the aforementioned letter; most reasonably I can't be the only one in this situation. Thanks all!

Good news! A small follow-up: are Wise transfers considered international transfers? Obviously I'm the clown here, not making proper arrangements and research before transferring.

Which are the "Government Hospitals" in Pattaya? Genuinely want to understand how I can identify if it's public/private.

Hi, I've made a couple of transfers to Thailand this year - not a single big one - and I wonder if the bank would still be able to create a Bank Letter of the aforementioned transfers that the Land Office accepts? The first unit I was about to buy earlier this year fell through, and the second unit I'm about to buy is somewhat more expensive. All in all three (3) transfers. It would save me a decent buck if I wasn't forced to FX it out of the country, and then FX it back again. Bless.

I became a "Tax Resident" according to the rules now in 2024 (+180 days) and thus need to file for 2024. When is the deadline to file for 2024? I guess first time I need to visit their office in person, and perhaps later on do it online?

Ford, as many other auto manufacturers, decides to pull the plug on their EV ambitions: canceling several models and taking a $1.9billion write-off. They are instead going hybrid. Ford Steps Back From EVs—and Says Hybrids Are the Future The automaker is killing its electric three-row SUV, delaying a next-gen pickup, and committing to future gas and diesel vehicles, citing a lack of consumer interest in full-EV cars.

Are there any known long term negative effects of 2.5mg Cialis daily?

Hi, I need to send my passport and another set of sensitive documents from Rayong to Bangkok. What courier services would you recommend for this purpose? A friend "lost" his Passport using Grab, so I'm a bit hesitant on that one. Thanks!

Hi, I'm looking to buy a new (as in new) car from a official Mazda distributor, but the color I wanted wasn't available in the province that I live. The distributor in question, however, "confirmed" to me that they: - Can send it to my province - Register it in my province - Use Mazda service in my province So, it seems totally fine. I just wanted to double check with you guys, any immediate cons to do this? Thanks!

New study breaks the age old myth that EV's require less maintenance: "Automakers have typically said that EVs are generally less problematic and require fewer repairs than ICE vehicles because they have a smaller number of parts and systems. However, J.D. Power's study with newly incorporated repair data shows EVs, as well as plug-in hybrid electric vehicles (PHEVs), require more repairs than gas-powered vehicles in all repair categories. J.D. Power’s study tracks responses from nearly 100,000 purchasers and lessees of 2024 vehicles within the first 90 days of ownership, and for the first time in the study’s 38-year history, it incorporates repair visit data. Overall, internal combustion engine (ICE) vehicles averaged 180 PP100 (or 180 problems per 100 vehicles), while battery electric vehicles (BEVs) averaged a whopping 266 PP100, 86 points higher than ICE vehicles." - J.D Power 2024-06

Perhaps off-topic (and the mods can delete): two established realtors told me that they now have formal cancelations were the clients explicitly mentions the "new tax uncertainty" as the specific reason. In the context that Thailand launched a very sizeable stimulus package aimed directly at the real estate sector only a couple of months ago, I'm somewhat fascinated on how they let this uncertainty work against said stimulus.

From the looks if it, I probably made a big blunder earlier this spring transferring 6 million thb to my Thai bank account. Myself, and approx. 41% of the working total population of my country (incl. elders/retirees) invest in Stocks/Bonds/Mutual Funds (etc.) via a "Investment Account" (free translation). In short, I pay capital gains tax (that's how its presented on official statement from the RD) once per year - irrespective if I sold or bought anything. The tax doesn't take account if you made profits or losses (and you don't declare them in separate). It's simply a % of total value, and all deposits. Details: Taxation of ISK Accounts Annual Taxation on Account Value: ISK accounts are subject to a standardized annual tax based on the value of the account, rather than on the individual gains or withdrawals. This tax is calculated on the average account balance throughout the year. The tax rate is determined by the government and is typically a small percentage of the account value. This means that you pay tax regardless of whether you make withdrawals or realize gains. No Capital Gains Tax: One of the main advantages of an ISK account is that you do not pay capital gains tax on the profits from the sale of securities held within the account. Dividends and other returns are also not taxed individually but are instead included in the annual tax calculation. Withdrawals from ISK Accounts Tax Treatment of Withdrawals: Withdrawals from an ISK account are not taxed separately at the time of withdrawal. The taxation is already accounted for through the annual tax based on the account's value. This means that you can withdraw money from your ISK account without incurring additional tax liabilities. Implications for You Any withdrawals you make from this account should be seen as already taxed under the ISK's annual taxation regime. This means you do not need to pay additional taxes on the withdrawals themselves. // End of Details. The 6 million thb sent to my Thai bank earlier this spring is a withdrawal from the aforementioned investment account. Add to it, all the deposits into this investment account was made pre 2024 and no deposits in 2024 (reminder: we're taxed on all deposits on top of the annual tax on the balance average). I figured this would be protected under the DTA (as my country classify it as capital tax on the annual statement). Would you agree or how do you all see about it? Thanks 🙂