potless

1 hour ago, 4myr said:

For example, on the day that I transfer money to Thailand, I need to keep a record of the euro-baht exchange rate of that day. [PS. I assume to convert a tax credit in euro to thai baht

Was the lady referring to Thai baht being remitted to Thailand or euros that are remitted to a foreign currency deposit account in Thailand. If the money is remitted in foreign currency, I believe that you need to make a note of the exchange rate ( TT rate ?)at the close of business on the day the funds are received. For example, 5,000 euros and a rate of 40 baht per euro would be 200,000 baht. that would be the relevant figure for tax calculations irrespective of the exchange rate when you actually convert the euros to baht, which may be at a later date. 

4 minutes ago, Bangkok Barry said:

No. And interesting info on the eye drops 'dosage'. Thanks.

Several years ago, a sibling had cataract surgery and was given 2 different eye drops to use. The eye drops I was given are "2 in 1" possibly a fairly recent innovation. The anaesthetic was also administered via eye drops. 

53 minutes ago, Bangkok Barry said:

As a result of the excellent advice I attended a private hospital for a proper test, where I was told I had cataracts in both eyes and glaucoma in one. Surgery could be done on the cataracts for 25,000 a time. Okay. But I would need to stay overnight (extra charge of course but free food and dark glasses included ).

I had cataract surgery on one eye in the UK last year. After the surgery I was directed to another room where I was asked a few questions. After about 10 minutes, I asked the lady how long it would be before I could leave. She replied I could leave right away if I felt okay and so I did.  No tea and biscuits. I was on a bus 10 minutes later. I was told to get in touch if I had any major problems. There was no follow up test the next day.                  A watery eye for a few days and eye drops 4 times a day for 2 weeks, then 3 times a day for a week and then twice a week. An examination one month after surgery.                                                                                              However, is the doctor suggesting that you have both cataracts done at the same time? (which I would advise against) That may be a possible reason to stay overnight.    

3 minutes ago, Lacessit said:

Having listened to the bird in the video kindly posted by KhunLa, I don't find it annoying at all.

 

Annoying is when my neighbor in the village has his stereo at maximum, and is playing Thai songs which sound like cats being tortured.

I didnt find that bird annoying either. Try the video I suggested in my earlier post. 

36 minutes ago, GammaGlobulin said:

 

You are correct.

I was remiss in not posting the audio.

But, in fact, some here know this bird well, just by my description of the time of day, and its noisiness.

 

Next time I have my Note4 handy, I will record this bird, and post the audio.

 

This will be my pleasure.

On Youtube, I put "annoying bird Thailand" into the search box. Second video down, "Asian Koel-Noisiest Most Annoying Bird-Thailand". 

43 minutes ago, Mike Lister said:

income that is remitted to Thailand, is taxable here, regardless of the year it was earned.

3 hours ago, Phulublub said:

Why?  Once again, any money earned before the start of this year is NOT liable for any Thai tax.

I feel that these two posts contradict each other so I would have to say I am not clear about this.

3 minutes ago, Ben Zioner said:

Yes, but this is a worst case scenario. If the money comes from the sale of a property we can suppose that capital gains may be considered a income and what's let as savings. Some people will pay the capital gains tax in their country of origin, but the amount paid may be higher or lower than than what they would pay here. The DTA will come into the picture and last would Thai RD isolate pre-2024 gains? The mind boggles...So, IMHO, if you want to transfer large amounts in the next couple of years make sure are not resident for the purpose of  taxation.

The country of origin is, as you say, important. In the UK, you would not normally pay capital tax gains on the proceeds of the sale of a property if it is your main residence. Anyone in the UK planning to sell up and retire to Thailand may wish to reconsider.

52 minutes ago, Ben Zioner said:

We are talking about a forthcoming house sale. And since we don't know how this will be assessed by the Thai RD I'd rather go and enjoy myself eslewhere for half a year. Now Mike might have another more elaborate way to take care of his own affairs..

I havent read all the posts on various threads but the way I currently understand it is that a large amount of money remitted to Thailand will be assessable.  Let us assume a person is tax resident here and has claimed all personal allowances regarding his income. He then wishes  to import 4 million baht to purchase a property (not an unreasonable sum I think). I calculate roughly a tax liability of around 972,000 baht on the 4 million baht. In order to pay that tax, he would have to import another large sum( 1 million baht plus), because that extra money would also have a tax liability. Tax on tax? Or am I wrong? 

34 minutes ago, Phulublub said:

Why?  Once again, any money earned before the start of this year is NOT liable for any Thai tax.  How often does this need repeating?

Mike Listers post on page 3 (6th post down) suggests that this may not be the case any longer.

2 hours ago, Mike Lister said:

2 hours ago, Ben Zioner said:

Innocent question: have you worked out the that tax that could be levied now from those funds?

Yes. I have to pay capital gains because I bought the property whilst overseas and have rented it out ever since, I have never lived in it for more than six months. I calculate I will pay UK tax of under one thousand pounds and that I will pay no Thai tax on the sale. Still, I have a fair market value price in mind which I will hold out for.

Perhaps I am wrong, but I think that Ben Zioner was referring to tax that you may have to pay when you import the proceeds of the sale into Thailand. Assessable income?

On 4/29/2023 at 9:05 AM, bang saen guy said:

PIC Kitchen was enjoyable

It moved to Thappraya road. Now named Sun Sabella and seems to adjoin the Sugar Hut. Leaving Pattaya along no.2 road towards Jomtien, go up Thappraya road until you reach the traffic lights at the top of the hill. It is just past the lights on the left behind a high wall. 

It may be that the authorities are a bit nervous with the large influx of Russians so they are firing a warning shot across the bows? Whether or not tourists will be aware of this "policy" is another matter.

"Biff". Very appropriate name. Brits may understand.???? 

On 6/4/2022 at 1:29 AM, Leaver said:

 

Unless a press statement like that is designed to set a trap. 

I cant believe that any police force anywhere in the world, would instigate a possible gunfight in a hospital.

2 hours ago, parafareno said:

Or am I being scammed?

Get a lawyer who knows the process and will tell you what to do and when to do it.

17 minutes ago, The Fugitive said:

Possibly some new 'bright spark' wanted to make a name for themselves by saving cash. Identify frequent (or infrequent) credit card users. Consider the number and size of transactions. Do the customers pay off in full each month so we don't make any money from them in interest? The only time in decades of credit card use I ever paid interest was in Thailand before I had a Thai bank account when using my card for 'cash advances' from ATM's. Got me worried now!

I just did a search "barclaycard closing accounts Thisismoney.co.uk" some reasons cited were "responsible lending concerns" and also people living abroad, likely due to Brexit. Sorry cant provide the link but the article is easily found. article dated 21st May 2021. I use my Bcard when in the UK from time to time just to show activity and pay the balance in full by direct debit. They may not receive interest from me but they charge the retailer a commission I believe. I dont think there is anything for you to worry about.

2 minutes ago, The Fugitive said:

Aggro for the sake of it!

The sheer scale of their actions made me wonder why. the only thing I could think of was that they had a major security breach and had hit the panic button.

1 hour ago, Excel said:

And the wait to have your call answered is also frustrating.  The world is full of total morons obviously, let me explain why.    Almost everywhere these days when you call a call centre you are met with the reply "sorry for the delay but we are experiencing an unprecedented number of enquiries". 

Now who would have thought that by closing countless branches where you could ask a human, together with online facilities where there are no humans to pick up your call initially, that a call centre would thus be faced with a lot of people telephoning in. Amazing that, who would have thought it ?

Agreed. What you will also get is an automated voice telling you all the wonderful things you can do online and that is the ultimate goal.

19 hours ago, KhaoYai said:

I'm not sure that had anything to do with you having a Thai address.  About 5 years ago I received a letter from Natwest simply stating that they were closing my account with a month's notice - no explanation or reason.  The letter also said the decision was final and they would not discuss it with me.

 

I had always conducted my account properly, never gone overdrawn and always had enough money in the account to cover direct debits etc.  There was absolutely no reason for the closure.  I went into my local branch who were as surprised as I was and called head office for an explanation - they were treated in the same way as I was.

 

A Google search revealed that unexplained account closures by Natwest are quite common with lots of reports of the same thing happening.  I contacted the banking ombudsman but was advised they were powerless to demand a reason from Natwest.

100% true. Other banks guilty of the same thing, closing or freezing accounts without explanation. I have been reading these stories on Thisismoney.co.uk for a few years now. Guilty as charged but you are not privy to the charges. Lunacy. More lunacy from Barclaycard who were reducing credit limits or closing accounts last year. Spring last year I get a text from Bcard telling me to ignore the previous text message. I hadnt received one. I get back to the UK in summer and read a letter saying that the decision to close my account (news to me) had been reversed but my limit was to be reduced from 3k to 1k. If I wanted to reinstate my 3k limit I had to text them the special code that came with the letter but had to do it before a certain date. I was too late for that so I rang the call centre and a helpful lady said she would contact the relevant department on my behalf and I would receive a reply in a few days. Text message reply a few days later. Request denied, try  again in 4 months time.

15 minutes ago, ChrisY1 said:

The RTA are so unprofessional....just kids with guns!

Maybe so but that is all she has now. No need for the media to announce where she is. 

There is only one bowl. 

3 hours ago, BKKBike09 said:

The ionization / mass spectrometry swab machines are pretty sensitive wherever they are used. But you're right that having a problem in the Middle East is to be avoided. Nothing like being the last person in the departure lounge at 2 am, surrounded by police and other folk, with an airline rep with a walkie-talkie waiting for the order to offload your baggage as it's gone 15 minutes past scheduled departure and you've been held back for 45 minutes already. My shoes and hand carry were swabbed at least 5 times and analyzed on two separate machines ... all coming back positive for RDX. The police then said to do one final swab and we all stared at the machine: "peep" ... "negative" ... "okay, you can go".  Fully expected to be met at LHR and invited to discuss further why I'd pinged for RDX, but nothing. I went back through Doha a few weeks later and didn't get any special attention either. 

 

Thanks for taking the time to explain. Looks like a narrow escape. Good luck.