Etaoin Shrdlu
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Posts posted by Etaoin Shrdlu
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Western Union is an option. Probably more expensive than transferring from your bank, but I think you can transfer out up to 800,000 baht if you go to one of their locations.
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You're on the right track attempting to make your tenant contractually liable for damages that may arise out of their activities and you are correct that your tenant may or may not have the means to make you whole for any liabilities that may attach to you due to their negligence.
A good solution might be for you to require your tenant to take out third party liability insurance that is suitable for the exposures generated by their activities at your premises with you named as an additional insured. In addition, you may want to look at getting your own third party liability insurance to address any exposures that can't be shifted to your tenant or which they can't (or won't) indemnify you. Third party liability insurance for these types of exposures is not expensive in Thailand.
Also make sure that the property insurance covering your building is valid for commercial use of the premises and that the insurer is aware that it is being rented out and used as a restaurant.
Discuss these issues with your insurance broker and ask for advice on how to best address them.
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According to the Bangkok Post, she's now been interrogated and charged by the Immigration Police with working without a work permit. Apparently posting content online as a paid influencer is considered work.
It was also reported that she is here on a Privilege Card visa. I wonder if they'll deport and blacklist her after she spent all that money on the card/visa.
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I know of at least one insurer here in Thailand that requires the prospective insured to submit copies of air tickets along with the proposal form when applying for single trip travel insurance.
I'm sure that insurer would reject a proposal form where the period of coverage selected was not sufficient to cover the entire length of the trip evidenced by the tickets. Not all insurers may do this, however.
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The OP is correct.
When completing a proposal form for insurance, the prospective insured is obliged to answer all questions truthfully and accurately. This would include any questions regarding trip duration. If the length of the trip was not correctly declared, it is possible for an insurer to invalidate coverage from policy inception due to the proposer's failure to accurately complete the proposal form. This is a fundamental principle of insurance and is pretty much universally true.
Some insurers may be more lenient than others when it comes to simple, minor miscalculations or unintentional mistakes on the proposal form and a good insurance broker can often help sort this type of problem. But it is essential to complete an insurance proposal form truthfully and correctly in order to avoid the issue that the OP describes. Don't give the insurer an easy out.
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I don't know. I've never had a less toothache.
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I don't think Bangkok Bank's New York branch provides consumer banking services, so I'm doubtful you'd be able to open an account.
I think it is possible to transfer money to a Bangkok Bank account in Thailand via Bangkok Bank's New York branch using the US ACH system, but this would require the use of an international ACH form (if possible at all) and I'm not aware of any US banks that offer IACH forms as part of their online banking services.
Would be happy to be otherwise informed if someone has more information on this.
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I'm resurrecting this thread because our 2014 Fortuner is experiencing the stuck fuel gauge problem for the second time. The instrument cluster was replaced by the dealer when the car had 109,000 kilometers on the odometer. 55,000 kilometers later it has occurred for the second time.
This problem is apparently quite common on Fortuners and Hiluxes and an internet search turns up several sites in other countries that state that this problem can be fixed inexpensively. Six years ago the Toyota dealer charged 17k for a new instrument cluster. I'd prefer to spend less to fix this as the car is now close to being ten years old.
I've searchred the internet for a repair shop in Bangkok that could perform this service, but so far haven't found one. Has anyone been able to find such a shop in Bangkok?
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Thailand has long been practicing a form of Neo-mercantilism that depresses wages, allocates capital and labor to export industries and suppresses consumption by means of excise and sumptuary taxes.
This change will reduce government tax receipts and put further pressure other tax revenue streams such as corporate and personal income tax. I would prefer to drink wine less frequently, buy fewer luxury goods, and not have my income taxed aggressively.
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Are you getting sight of the original MEA/PEA bills for all three meters or is the management simply presenting you with their own invoice for electricity without supporting documentation?
If this is the case, you might want to take meter readings over the course of a month or so and then calculate what the MEA/PEA bill would have been using their tariff rates. If there is a large discrepancy, then it is likely that the management is inflating the bill, but since you don't have a contract that would spell out how utilities are to be charged, you'd probably still be at the mercy of the management.
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9 minutes ago, jojothai said:
Thailand has made 47 agreements, but not yet including the UK. or the USA.
However exchange of data is no use until Thai banks start to get the TINs from people.I don't think the US participates in the CRS program.
Instead, the US has FATCA. Thai banks have been collecting Social Security numbers on W-9 forms from US persons and sending account information via the Thai government to the IRS for a number of years now.
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18 minutes ago, Ste78 said:
Hello, I got a tyre cut on sidewalk for Neta V (the car came with full insurance from shop)
I have replaced 2 tyres with Michelin (8400b) but they would refund just 1 tyre for the original chinese, meaning only 2000b.
Do you think it makes sense to get this amount, or this would increase too much the insurance price next year?
thanks
I think that under the standard motor policy in Thailand there is an exclusion for damage to tires unless there is also damage to other parts of the vehicle as a result of an accident. I'm not sure you'd have a valid claim if the tire was simply damaged by itself.
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You might want to check out the Planet SCB card.
I got them for my children when they traveled overseas. It can be topped up in foreign currency at any time using the SCB app at reasonably favorable rates. It also provides a level of security in that it does not expose your bank account balance in case the card number is compromised.
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10 minutes ago, Raindancer said:
Thanks.
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3 minutes ago, Mike Lister said:
No, the 150k is not replaced by the 190k, it is in addition to and as already said, one is a tax table amount, the other is an exemption/deduction/allowance.
There was some discussion about this topic when the first tax thread began, a number of people including myself were unsure because of the wording. Eventually, a form of words from the RD was produced which made it clear that the 190k is in addition to. I should know this because I file a return every year but I couldn't recall how it was input into the system. What I do know is that had it been a replacement and not an addition, I would have paid tax whereas as I did not.
Thanks for the clarification. I wasn't able to find wording elsewhere that was entirely clear.
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35 minutes ago, Mike Lister said:
The poster is receiving a pension, that means he's over 65 years of age and is eligible to receive the over age 65 allowance of 190,000.
190,000 + 60,000 +150,000 = 400,000 whilst income is only 360,000, ergo, no tax is due.
My understanding is that the 190k allowance applies in place of the 150k allowance (untaxed first income tier), not in addition to it.
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6 minutes ago, topt said:
I am presuming your broker is based in Thailand?
If so are they just ignoring the regulations which suggest they should not be offering up International based insurers - I am basing this on several comments in other threads by @Etaoin Shrdlu and my own experience (and others) with AA Insurance brokers?
It may just be that AA were bought out by a larger company who did not want to take any risk and smaller independent brokers will just carry on.
Agreed - presumably local to you in Thailand?
It is possible that the insurance broker is trying to stop referring their clients to offshore insurers due to concerns about OIC regulations. If this is indeed the motivation, I can see how this could be a difficult situation for the broker to manage with their client at this point.
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39 minutes ago, jerrymahoney said:
I was with BUPA/Thailand pre-Aetna and then CIGNA Global (CIGNA Belgium underwriter). I then I moved to an area where CIGNA Global had no direct-pay hospitals and their procedures to deal with no direct-pay were burdensome.So I started looking primarily to get a direct-pay set-up. Sometimes what may prove best for someone may not be only what A.M. Best has to say.
Yes, everyone needs to assess their own individual needs and risk tolerance and make their decision based upon what they believe is best.
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3 minutes ago, JBChiangRai said:
Just 2 problems with that, 1st their jurisdiction is St. Kitts & Nevis and 2nd, that’s not the same WR Life Company that you sign up with.IMHO it’s a long game scam, they will pay out small claims but not big ones and will trade until someone stops them.
Yes, it does raise the issue of how much enforcement power the regulator on Nevis has over a company incorporated in the UK. For me, it also begs the question as to how consumer-friendly the regulator would be and how well-developed the regulations are in Nevis. I think Nevis only requires $100,000 in capital for a non-Nevis company to register as a foreign insurance company. I do not know how the regulator on Nevis supervises capital adequacy ratios or loss reserves of insurers, but if only $100,000 is required to be come a licensed foreign insurer, the regulations might not be that stringent.
I've come across another company that uses a similar setup. I think the company is incorporated in a state in the US as an LLC and then submits to an insurance regulator in the Caribbean. They have a distribution arm in a free zone in the Middle East which is outside the ambit of the local insurance regulator. Seems there are ways to become a licensed insurance company with minimal capital and subject to possibly light regulatory oversight.
My preference would be to insure with a long-established insurance company with a known track record for paying claims. I would also want to be able to find financial ratings from AM Best or Standard and Poors and the insurer would need to be incorporated in a well-regulated and accessible jurisdiction. I would want to have this information before I entered into a contract of insurance.
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15 minutes ago, JBChiangRai said:
WR Life is a limited liability partnership registered in the UK with 2 non-resident partners in France and India.
They would be prohibited from carrying on business in Thailand if they were registered here.
What are you going to do if they don't pay? who will you sue? which non-existent regulator or ombudsman will you appeal to?
I think one might have to engage the insurance regulator on the island of Nevis in the Caribbean.
https://www.nevisfsrc.com/regulated-entities/#general-insurance-companies
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My suggestion would be to try option c first. If you don't like the quality of care, then try option b.
Meds from an independent pharmacy are usually significantly cheaper than from a private hospital's pharmacy. I don't think any oral diabetes meds require a prescription, but it may be a good idea to get the doctor to write down the name and exact strength of each med.
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Our nine-year-old Jack Russell started to scratch frequently for no apparent reason earlier this year. The vet diagnosed allergies and we were given Apoquel to alleviate his symptoms.
Apoquel from the vet is a bit pricey, but I haven't found a cheaper alternative so far.
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Sections 362 through 366 of the Thai Criminal Code describe the offense of trespassing.
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I opened a checking account with Chase while I was visiting the US about five years ago and have only a Thai address and phone number. I have my company pension transferred to this account each month and use this account to pay my children's tuition at university and make other payments in the US. After opening the account, Chase sent the debit card and box of checks by courier to me at my home in Bangkok. The checks have my Thai address printed on them.
I don't think Chase supports IACH, but I can make wire transfers to Thailand and domestic ACH transfers from the account.
I have the Chase mobile app on my phone with my Thai phone number and it works without problem. I can also use a web browser on my computer to log into my account and make transfers. If I make a payment with my debit card that gets flagged by Chase security, I receive an email asking for confirmation and the payment then gets re-submitted and is processed successfully.
So far, so good. I hope it lasts. Good luck.
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Good plan to avoid new tax on foreign funds?
in Jobs, Economy, Banking, Business, Investments
Posted · Edited by Etaoin Shrdlu
If you are remitting your offshore income as defined by the new rules, then you would be required to pay the tax. I don't think it will matter how or to whom the funds are remitted.