
Lorry
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Everything posted by Lorry
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You met so extraordinary stupidity, it beggars belief. It is extremely simple to diagnose Dengue, and for covid there is always 7/11. Actually, both cases were probably not stupidity but a question of limited resources (but that doesn't help the patient). Having said that, a couple of years ago, a district hospital in the north managed to get a 21 year old foreign tourists killed by Dengue
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Investment for income stream for a Thai
Lorry replied to gearbox's topic in Jobs, Economy, Banking, Business, Investments
"Plus it's in US dollars, so the currency is much more stable." If she had invested in USD when she was young (and the baht cheap), she would have lost 30% of the principal. Sorry, can't find 25- or 30-year charts. The baht has been the most appreciating currency over the last decades, there is an FT article about it. 10 years: https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=THB Stable? She might get scared: -
Investment for income stream for a Thai
Lorry replied to gearbox's topic in Jobs, Economy, Banking, Business, Investments
Here is not the West. There is a limit to the degree you can americanize a Thai. I suspect you mean the US when talking of "the West" - many people in Europe are financially illiterate and too scared to invest in anything else than government bonds. Which is probably the best for your gf, 10 years pay 3.5% Gold would be better, but no income stream. Land is best, but no automatic income stream. I once bought mutual funds for a TGF, I wouldn't do it again. Accept she doesn't want it. -
Your horizon seems to be limited to bargirls. That's only a small part of the vast informal sector of the Thai economy. To force all of this into the formal economy (with labor laws, social security, taxes, licenses, governmental supervision and regulation) is a huge task. Small steps include the formalization of motorcycle taxis under Thaksin, the government lottery, the abolition of roadside vendors 8 (?) years ago. PromptPay was supposed to be a big step, as all transactions can be seen by the TRD. Bargirls love it, because there are no transfer fees if you send money to the village. But if I were the Thai government, bargirls wouldn't be my first priority.
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Very interesting read. BTW the surgery is much less bloody nowadays, drainages (where germs can enter) aren't used anymore.
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In my home country, bar girls do pay taxes, like everybody else who works. It doesn't matter at all whether the money they receive comes from abroad or not. If they receive a gift, they don't have to pay tax on it (no conditions like "customary" etc, as in Thailand - but the threshold is much lower than in Thailand) My tax advisor in my home country also has clients who are bar girls.
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If the bargirl is the spouse, mother or daughter of the remitter - yes. But somehow I think, these are not the typical cases. In other cases, there must be a moral obligation for the gift, and it should be customary. You could argue, that gifts to your dek are customary in Thailand, but the TRD would not appreciate you saying this. Money given to bargirls, as well as to freelancers with a day job, no matter remitted from where, is taxable income. @Danderman123has a point here. Tomorrow I will apply at Soi 6, seems to be an easy way to avoid taxes.
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Any update on Paxlovid availability for foreigners in Bangkok?
Lorry replied to david_je's topic in Health and Medicine
The effect of your horse medicine has been extensively studied. The effect is zero. Paxlovid does have a very measurable effect. But, of course, you are free to eat horse medicine. Bon appetit! -
Any update on Paxlovid availability for foreigners in Bangkok?
Lorry replied to david_je's topic in Health and Medicine
Paxlovid is meant for light or moderate cases. This does not necessarily mean hospitalization, not at all. Of course, if you don't test positive, don't take Paxlovid. Just saying for others who might read your maliciously misleading post. -
Reduce taxation by gifting.
Lorry replied to phetphet's topic in Jobs, Economy, Banking, Business, Investments
Please elaborate? -
Reduce taxation by gifting.
Lorry replied to phetphet's topic in Jobs, Economy, Banking, Business, Investments
Thx for stressing this. -
Reduce taxation by gifting.
Lorry replied to phetphet's topic in Jobs, Economy, Banking, Business, Investments
I see it the same way. But I noticed he said "if... your wife is outside [Thailand]" I didn't want to open this discussion again. We only have these words, everybody can think whatever he wants about them. Sorry for posting it in the wrong thread. -
Reduce taxation by gifting.
Lorry replied to phetphet's topic in Jobs, Economy, Banking, Business, Investments
HMRC I don't deal with them and couldn't remember the correct name, i remembered a C, but thought why should there be a C? Now I know. -
It never "becomes savings." @chiang maihas explained this very well. But it is income you gained in a year you were not a tax resident, no need to pay tax on it (first Q&As of TRD, 9.) (For double security, I would remit it in a year I am not a tax resident, either. @sometimewoodworkerhas criticized this as unnecessary. He is right, of course. I am just too anxious)
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Any update on Paxlovid availability for foreigners in Bangkok?
Lorry replied to david_je's topic in Health and Medicine
An American prescription won't help you in Thailand. You need to - know in which hospital to get Paxlovid - know where to get a test fast, with same-day results for PCR if needed - be prepared to pay. During the last 5 days, I payed 2x3500 for PCR, twice, and 4500 for LAMP test. And, of course, 156 baht for 4 ATK. Everything was negative and I stopped testing now. But I was prepared to pay 25,000 for Paxlovid. (I will get reimbursed, that helps) I would never dare to advise a patient to carry Paxlovid just in case. People will take it without testing, because they feel "sure it's covid". And people won't check the interactions. These really can kill you, e.g. Rivaroxaban. -
Re: gifts For another reason I listened to the Swiss Embassy video one more time. #AskTheEmbassy with Khun Nathanan Junprateepchai, Revenue Department 41:05 starts about gifts. Kh. Nathanan: "so, example, if you have Thai wife, and you are Swiss, you give Thai wife support, right, then Thai wife will be exempted from tax. Or, in another case, if you stay in Thailand, and your wife is outside, and pay[s] you money inside Thailand, i[t']s a foreign source, right, will be exempt up to 20 million Baht per year" I don't want to open this can of worms again, but as the videos have disappeared in the tax threads, here is the Swiss one for everybody to watch. The French one, is verboten, obviously.