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DrJoy

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Posts posted by DrJoy

  1. 40 minutes ago, Tod Daniels said:

    Careful spouting off on stuff you might or might not know anything about @DrJoy,

    Simply exiting on an ED visa extension DOES NOT officially cancel the extension (no matter what you posted saying otherwise)

     

    I have only stated whats on the immigration website-

     

    Re-entry Permit

    An alien who is permitted to stay in the Kingdom temporarily, if traveling out of the Kingdom without making Re-entry, it will be considered that the permission to stay in the Kingdom is terminated.

     

    https://bangkok.immigration.go.th/en/re-entry-permit/

  2. 4 hours ago, bigt3116 said:

     

    True(ish), it is invalidated but not cancelled, but if you ever want another extension again, there will be major problems if you have not cancelled the previous extension

    From the horses mouth -

     

    Re-entry Permit

    An alien who is permitted to stay in the Kingdom temporarily, if traveling out of the Kingdom without making Re-entry, it will be considered that the permission to stay in the Kingdom is terminated.

     

    https://bangkok.immigration.go.th/en/re-entry-permit/

    • Confused 1
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  3. 2 hours ago, 1 said:

    But I'm also wondering if I do get a new license will I get 5 years or will it only be until the original expiry?

    They will just reprint your existing one, as it is (Original Expiry)

    Fee is 55 baht

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  4. On 11/26/2023 at 11:34 AM, gamb00ler said:

    I've given SCB my Thai tax ID so I don't have any tax withheld

    Even if u have given them your TIN, you can earn only 20K thb per year

     

    If the interest touches even 20,001 thb, then tax rate becomes 100 %

     

    You will have to file PND 90 to get it back

     

    A bit of a caution - you will have to declare all your income/savings /investments to the revenue department to be able to file PND 90 , to get your interest back

     

    @matchar

  5. On 11/27/2023 at 2:57 PM, beautifulthailand99 said:

    The GSB Goverment Savings Bank seems to be popular though does anybody know anyjthing about them there website is useless or at least the English version

    Be warned, as a foreigner you cannot use their (GSB) mobile application, as it requires a Thai national ID card number only.

     

    It cannot be activated with a Passport number 

     

     

    There were report on this forum that someone was able to get the application working with their Foreigners Pink card and House Book.

    Please check with the branch first before opening with GSB

    • Like 1
  6. On 11/24/2023 at 12:39 AM, gamb00ler said:

    It pays 1.5% APR on a balance up to 1M ฿.

    Nope, there are few changes now -

     

    Product Details

    Non-Passbook Savings Account with Mobile Banking service, receive 1.5 % interest on deposits of 2,000,000 Baht.
     

    DEPOSIT AMOUNT INTEREST RATE
      1-2,000,000 Baht 1.50%
      More than 2,000,000 Baht -  3,000,000 Baht 1.00%
      More than 3,000,000 Baht 0.65%
    • Like 1
  7. 14 minutes ago, BenStark said:

    Works for some, not for others

    Your Thai TIN has to be updated in the Banks software instead of your Passport number

     

    Look at  @Pib post from 2019. He has explained it in detail.

     

    From @Pib 2019 post -

     

    What they recode is a specific data field in your account record called "Tax Pointer" which has the following 5 possible settings for various types of accounts.  I was recoded from 005 to 001.

     

    001 = 0 or 15% which means 0% tax withholding on Bt20K or less interest earned/year OR 15% when over Bt20K interest earned/year. 

    002 = 0%

    003 = 1%

    004 = 10%

    005 = 15%

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  8. 9 hours ago, CMBob said:

    I have accounts at both SCB and Bangkok Bank, annually earn less than 20k baht on each account, and they withhold the 15% of interest paid every time interest is paid.  That's the way it's been for years.

    Nope.

    If u provide them (Banks) with your Thai TIN , there is no tax deducted for THB 20,000/- each year

    Thats the way its been for years.

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