Everything posted by Thaindrew
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Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
they will realise it soon enough when they buy stuff, in the meantime they are all sporting MAGA hats made in China !
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Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
where did Trump buy his MAGA hats, MAGA bible, TRUMP watches? all from China, hypocrite much?
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Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
the US consumer will suffer the most, at least in the short term, USA factories cannot suddenly produce all the product that is imported and on many products is likely still uncompetitive even allowing for the tarrifs US consumers seem not to believe this as Trump and even mainstream media insist the tariff is on the exporters, quote from Bloomberg below, tariffs are paid by importers who will start to have cash flow and profitability issues paying these tariffs when the goods arrive at US customs. "US President Donald Trump announced reciprocal tariffs Wednesday, saying he would apply a minimum 10% levy on all exporters to the US."
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Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
the only way to really balance it out and compete with production in the USA is if Americans workers work for a Thai or Chinese salary, maybe that is the next plan
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Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
Yesterdays presented numbers in isolation is only part of the story, China was at an average 15% or so tariff from the previous Trump administration + 10% + 10% = 35%, + the new 34% on top is now 69%, higher than the 67% he claims is the average China imposes. Now add the extra 25% for steel, stainless steel & aluminium and those products are now 92%, china charges 40% on imports of stainless steel by comparison - this is nothing to do with reciprocal rates
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Trump Unveils 25% Auto Tariffs, Escalating Global Trade Tensions
"This latest move follows a series of tariffs Trump imposed earlier in March, including increased duties on Chinese imports, raising tariffs on goods from the country to 20%" this is actually false, the tariffs were not increased to 20%, they were increased by 20%, for many products the total tariff from China to USA is now 45% - and despite Trump's claims of China is paying for that its of course paid by US importers and will in a large part be passed on to consumers.
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British Man Arrested at Airport for Allegedly Defrauding Wife and Forging Documents
its strange for sure but he was able to sell it using the new deed
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British Man Arrested at Airport for Allegedly Defrauding Wife and Forging Documents
Presumably the new deed was only in his name hence he could sell the land, so he fraudulently removed the other “owner”
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Grab and Food Panda Blocking (some or all?) Thai bank debit cards
it is strange, food panda seem to allow the pay by "cash" option without issues, of course I then pay by Bangkok Bank app when the food arrives - albeit that is to the rider. Grab don't seem to have many riders accepting cash - had an order pending last night for 1 hour, in effect awaiting for a driver, only after the 1 hour would they let me cancel !
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Grab and Food Panda Blocking (some or all?) Thai bank debit cards
same problem with grab and food panda for food, I tried a HSBC card (which I hold Baht in in Hong Kong), Grab verified the card by taking 5baht, but when placed the order they refused the card!
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WIFI Almost At A Standstill
I have having same issues with WIZZ buffering, its up for renewal on the 11th - any suggestions for a replacement appreciated ...
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Facial Recognition to Replace Boarding Passes at Six Thai Airports
they have this system in Hong Kong and it works well, they do still give you a boarding pass as well.
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AirAsia CEO Tony Fernandes Forced to Fly Thai Airways After Failing to Book AirAsia Ticket
He would also have been shocked at the baggage fee
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
I have only read the UK DTA but the word "assessable" (assessable or non-assessable) is not found in the document once, it only states what can be "taxed" and by which country, the DTA is one way of claiming funds that are assessed should not be taxed, Thai RD data only comes from CRS, it tells them your remittances, it doesn't say which remittances are accessible or not (CRS doesn't know the detail of the funds behind every remittance, it knows income and remittance values), that will be the point of the tax return and any follow up that Thai RD conduct.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
all are "assessable", part of the assessment is if the funds fall under a DTA, if they do they are not "taxable"
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
There are 2 steps - firstly any and all remittance into Thailand are assessable for tax but second, if you can show that the source of funds remitted fall outside the scope of the Thai tax system there is no tax to be paid one area that is being interpreted different ways is in the example of when you remit funds to another person / company. Say you want to buy a condo for 5m baht, you remit to a lawyer or the developer, its still a remittance by you and so with a "remittance tax" its assessable (its not a "received by you" tax system). Property agents are though instructing people that such remittances are not taxable (which they would say to retain business), if such remittance are assessable this could have a major impact on people if they cannot prove that such funds are from a. source that fulls outside the Thai tax system. This seems to already be affecting property sales as people wait to see.
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Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
remittances are part of the CRS data the TRD gets from every bank that has your Thai address listed, this is already happening.
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Is it worth having one short sighted eye corrected?
If you only need long distance correction you should be able to have LASIK treatment and improve your all round vision
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Don’t kill the golden goose! Tax reforms may drive away expats
and if you use an agent who puts that 800k into you account for the visa application, what then? Thailand considers all deposits as potential income .....
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Don’t kill the golden goose! Tax reforms may drive away expats
thats true and very good level of allowance for may retirees, however your figure does assume your wife is not working or has no obligation to file a tax return and so use her own allowance rather than allocate it to you. Then there may be a small tax bill based just on the UK state pension.
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Don’t kill the golden goose! Tax reforms may drive away expats
its all linked to your tax id number, its almost impossible to open a bank account without providing one.
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Don’t kill the golden goose! Tax reforms may drive away expats
The proposal here is worse than in China, expats dont pay tax for the first 5 years in China and can re start that 5 years by leaving for 3 months
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Its Happening - Law to Tax Overseas Income Now in Progress
it is not clear that the DTV will be tax free if you are here over 180days, with the proposed global tax method requiring new legislation the DTV and indeed the LTR visas will not be auto-exempt, they are only exempt under the current legislation
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Its Happening - Law to Tax Overseas Income Now in Progress
there's various ways to not be obligated to pay tax currently, I work for a Hong Kong company but don't live there, so the income is zero rated for tax. I live in Thailand and currently don't need to remit funds as I sent sufficient last year - so no remittances this year, so not tax in Thailand this year. Of course these new proposed changes for 2025 could change all that .....
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Its Happening - Law to Tax Overseas Income Now in Progress
It’s not illegal yes, issue is becoming more with banks insisting you put some country as a residence ideally with a tax code under threat of closing your accounts