Jump to content

foreverlomsak

Advanced Member
  • Posts

    2,480
  • Joined

  • Last visited

Everything posted by foreverlomsak

  1. There's no need to do anything at the moment. Even if you are not paying tax in your home country, your income is still subject to your countries tax, and therefore depends on the tax treaty. I am mostly living on savings as well, but my savings are mostly here already, so only the interest on it is taxable by Thailand.
  2. One benefit of being forced into doing Thai Tax returns is that the Tax Withholding (15%) on your savings in the Thai bank should be recoverable, not much (as the interest payable is not much) but should pay for a few bottles of beer.
  3. In the Thai Enquirer story the mentions 35% tax, however the papers only ever quote the highest rate. Thai Personal Income Tax has a progressive rate table similar in style to the UK. Starting from Total Income, you have various allowances and deductibles to produce the Taxable Amount. The first 150,000 is exempt 150,000 to 300,000 is 5% 300,000 to 500,000 is 10% 500,000 to 750,000 is 15% an so on until the final rate at 35% on incomes above 4,000,000 Baht see attached Personal Income Tax | The Revenue Department (English Site) (rd.go.th) For somebody who is taking in exactly 65,000 each month for Immigration purposes, the annual tax bill, worst case no rebate for double taxation and no allowances & deductibles, would be 71,000 not the 273,000 implied by the Thai Enquirer story of 35% tax on all income.
  4. Swimming pool ?
  5. Don't make me laugh, not so reliable, they are bl@@#$ atrocious. 2 deliveries only since March, half a dozen items or so items in each, both Internal and International mail, longest outstanding items to my definite knowledge are a CAT Wi-Fi bill from June and a pensions letter from UK sent in May. But they did manage to special deliver (early one evening last week) a Bangkok Bank invitation to join one of their services.
  6. Stop driving backwards then
  7. The 1981 version has been replaced with one issued 2012 or 2014, if memory serves. I think you will find this new version to be not so beneficial. Search on www.gov.uk to get the latest version.
  8. Just offering a alternatives to the poster in view of his comment. I have moved, and not only for that reason.
  9. Get a 6 month statement 6 months before your application and then one on the day. Better still get 3 off 6 month statements that overlap to ensure they cannot challenge a possible drop off in funds between statements, if your extension is due in December, get 1 end April, end August and the final in December it costs a few Baht more but can save problems.
  10. I didn't say they gave him 7 days, it was only a threat delivered by a senior officer to bring him to order, stop shouting and to respect the IO. He was still "discussing" his situation calmly when I left.
  11. When the walking ATM (me) refused to just shell out money without a good reason
  12. And if your lucky you will be given seven (7) days to leave the country, seen the threat issued to an Aussie in front of me, who wouldn't listen to what they were saying and kept telling them what they will do. He shut up quickly enough, basically he was saying they must give him an extension even though he had no proof of income or money in a Thai bank.
  13. Make it 3 you've heard of, once on each of marriage and retirement, I've been sooo lucky it seems, ah just remembered the visits were by the local police in lieu of Immigration due to distances involved.
  14. UK used to have (circa 2005) a Double Taxation Agreement with Thailand, which stated Income earned in UK is taxed in the UK only, Income earned is Thailand is taxed in Thailand only. Now the UK version seems to have double taxation possible, with only UK Government Pensions (not State) and UK Civil Service Pensions being able to claim a refund in the UK in the event of them being double taxed.
  15. It's been in the Personal Tax detail since 2008 to my knowledge, first time I needed to submit a Thai tax return, so it's not new, they are only going to implement it. If they haven't thought it through in 15 years, they still have 3 months min to clarify it so that it's as clear as mud (like nearly everything else) to everybody.
  16. For how much longer, as the personal allowance is locked at 12,750 GBP for another 5 years. Even if the state pension goes above the PA I believe the collection of tax will still be made from the private elements of your income.
  17. Lucky you. In the UK all income generated in the UK (including pensions - state and private) are taxed at source before you see it, and I have not found a way to become non-tax resident in the UK despite having no UK address for 18 years.
  18. Do you know something about King Charles that the rest of us don't, maybe it's because you saw his knees when he was wearing a kilt.
  19. UK bank requested similar from me, I responded that I do not have a Thai TIN as I do not work here and all income in the UK is subject to UK taxes. Have not received any response to this statement.
  20. Following is an extract from the Thai Revenue Department - Personal Income Tax, which raises more questions than it answers, to wit Assessable Income does not include any reference to pensions that I can see. 1.Taxable Person Taxpayers are classified into “resident” and “non-resident”. “Resident” means any person residing in Thailand for a period or periods aggregating more than 180 days in any tax (calendar) year. A resident of Thailand is liable to pay tax on income from sources in Thailand as well as on the portion of income from foreign sources that is brought into Thailand. A non-resident is, however, subject to tax only on income from sources in Thailand. 2.TAX BASE 2.1 Assessable Income Income chargeable to the PIT is called “assessable income”. The term covers income both in cash and in kind. Therefore, any benefits provided by an employer or other persons, such as a rent-free house or the amount of tax paid by the employer on behalf of the employee, is also treated as assessable income of the employee for the purpose of PIT. Assessable income is divided into 8 categories as follows : 1. income from personal services rendered to employers; 2. income by virtue of jobs, positions or services rendered; 3. income from goodwill, copyright, franchise, other rights, annuity or income in the nature of yearly payments derived from a will or any other juristic Act or judgment of the Court; 4. income in the nature of dividends, interest on deposits with banks in Thailand, shares of profits or other benefits from a juristic company, juristic partnership, or mutual fund, payments received as a result of the reduction of capital, a bonus, an increased capital holdings, gains from amalgamation, acquisition or dissolution of juristic companies or partnerships, and gains from transferring of shares or partnership holdings; 5. income from letting of property and from breaches of contracts, installment sales or hire-purchase contracts; 6. income from liberal professions; 7. income from construction and other contracts of work; 8. income from business, commerce, agriculture, industry, transport or any other activity not specified earlier.
  21. This assumes you are registered with the Thai Revenue Department and have a current Thai Tax ID, will every expat living here on an annual extension be required to register, along with those on Work Permits. It has the potential to be as onerous as dealing with Immigration, with each office having it's own interpretation/application of the rules.
  22. Plastics and cardboard are collected by a number of sources as it can be recycled, a number of people go round our area looking for recyclable items to sell that's how they make there living, if it's beside the bins it's fair game (free), if it's at somebodies house it needs to be paid for. Yes the predominately farming village could be classed as isolated despite being only 10 mins from the nearest town and 30 mins from the provincial capital. The nearest town charges the householders for the bin emptying.
  23. go back to weekly cash in hand in little brown envelopes like I used to get (oops brown envelopes mean something else, not pay packets)
  24. It's obvious that you do retirement extensions as most of your comments relate to retirement not marriage, there are significant differences. All extensions require a TM7. 1. Agreed, some offices require unrelated witnesses to attend to verify that the marriage exists, your wife should be with you and you will need copies of her Blue Book and probably her ID card. 2. Requirement is for 2 months before only, some also need proof for the "Under Consideration Period", there is no requirement for maintenance of funds for the whole year unlike retirement. 3. Agreed 4. It is a transaction not necessarily 100B deposit, I do a 1,900B withdrawal from ATM and get passbook updated before asking for letter & statement when bank opens. 5. TM30 satisfies that requirement, some offices want TM47 also or instead, it's a long time since I've been able to use yellow book. 6. Agreed Also required for marriage are 4 or 6 photo's of you and your spouse inside and outside the house (including 1 showing house number). Some pages of the submission will need to be signed by both of you some by either depending on what it is. Before you ask I am currently on Retirement, prior to this I was on both B-Visa/extensions and marriage extensions. A home visit is also required by most offices, sometimes requiring attendances of witnesses again. Individual offices have individual requirements,
×
×
  • Create New...