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Lorry

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Everything posted by Lorry

  1. Thx, waiting for your report. But remember, the AI of the metaverse is now so powerful to make you see blisters on real people's skin where really are none. Make sure to touch and feel if you see any blisters. That's the only proof
  2. I have never seen anybody with these blisters, neither have my friends. All I have seen are clearly AI generated pictures on CNN and BBC. So, I am sure mpox is not real. I only believe my own eyes.
  3. It works differently. They may just ask incoming expats (more or less visible from their history of entries) how much cash they carry. Yes, it's legal to carry it, and you don't have to report it. But if asked, you have to tell the truth. This would still require immigration to cooperate with TRD, so it won't happen so soon. And maybe they will feel it's not worth the effort (seriously, how many people would want to carry thousands of dollars in cash across South-east Asian borders? Many members here don't even pay 7-11 cash) And, of course, they can always ask you what did you live on. But the real issue is not the small money, those 400,000 or 800,000 daily expenses. Not much tax to pay on this. The real issue are the big ticket items. You don't want to finance a condo (you need the credit advice from the bank) or a car with your cash runs.
  4. That probably includes most farangs in Thailand, certainly in Pattaya
  5. What protocols? Afaik a written gift contract, preferably stamped by a lawyer, would suffice? So that could be a sheet of paper? (I am not talking about a gift of 20m, not relevant for most AN members. Talking about, let's say, 2m or less)
  6. Maybe once. But you can't say this every year. PS oh, you wrote that already
  7. Yes, that's how I would see it, too. Sec 40 (27) and (28) of the RC seem very clear to me: Exempt from PIT is "Income derived from maintenance and support or gifts" So the receiver is exempted from paying tax on the gift he got. It says nothing about the gifter. Sherrings says it this way: the RC "grants receivers of ... gifts the right to exclude (it) from ...tax" https://sherrings.com/gift-tax-law-in-thailand.html Gift tax is paid by the receiver and has nothing to do with the gifter. The same here: an individual receiving certain types of gifts in excess of the tax-free thresholds will be subject to personal income tax at the rate of 5 percent of the exceeding portion https://www.thanathippartners.com/insights/legal-update/inheritance-tax-and-gift-tax-t2u2.html?show=4 I have always wondered why so many people see gifting as a loophole. BUT 1. I cannot read the RC in the Thai original, I rely on English language sources 2.All of the above is only logic and matter of course. Not things that would bother a bureaucrat. 3. In the Swiss (?) embassy video, the TRD official said a gift to your son would be tax-free (not, if it's a Ferrari) - and he wasn't talking about the taxes of your son. It would be nice to know some precedents.
  8. Many people were lulled in security by the very first government statement that disingeniously included " you won't have to pay tax if your country has a DTA with Thailand."
  9. As @chiang mai just wrote, to say the gifter is free from PIT for money he gifts just doesn't make sense. About the scenarios you would like to see: - @Dogmatix posted several times scenarios (one from the Shinawatra family, one from the TRD). But they didn't help me to understand gift tax better. - one scenario you do NOT see is rich Thais repatriating money by gifting it to their kids. - and you don't see Thai tax consultants recommend gifting as a loophols to remit income tax-free. Why?
  10. Do you really know this for sure? I used to agree, and I think logic dictates that it is this way. But several knowledgeable members in the old tax thread think the giver would be tax-free. I gave up and just accepted that I have no idea what is true. So, do you just think it is obvious and logical (like I think), or do you have sources like TRD or Big4 for this?
  11. Not sure whether you are serious or joking. Very wrong. It doesn't matter when you remit the money. TRD looks at one calendar year, eg 2024. In this calendar year, were you in Thailand more than 179 day? If yes, you are a tax resident and have to pay taxes on all remittances during this year, no matter where you were at the time of the remittance.
  12. Thank you. Anybody knows how to say "fish filet" in Thai?
  13. Correct. But what practical advice follows from this? It is perverted to eat when you are not hungry, but it means you eat for other reasons. Which reasons, and how to eliminate them?
  14. If it was like this LivinLos is basically right. Of course, if nobody complains about you you can always do whatever you want.
  15. How to teach a TGF to cook healthy meals? This thread gave me the necessary kick in the ass to improve my diet. Buying healthy food is a PITA but doable (no 7/11, hardly anything from BigC). But preparing food? When I said I really, really like fish - what I got was cooked fishbones I wouldn't even give to my cat. When I said I want vegetables I got a tasty salad - with about half a liter of sweet dressing. Fruit are a big no-no for Thais anyway. And huge portions of rice, of course - suitable for a worker in a quarry. I cannot cook, I don't really want to criticize her cooking, and sometimes it is difficult to flush things down the toilet. Any recommendations of healthy meals a Thai would recognize and willing to prepare?
  16. 3 years is routine. 4, 5, 6 years can be done, but you have to find a TRD official who likes you, who has nothing better to do, whose boss lets him waste his time with this exercise and who feels like playing with the computer to figure out how to do it. You have to insist, first thing they will all tell you it's impossible after more than 3 years.
  17. OP had a question. I wonder who helped him more - CM or the posters who call him names?
  18. So, they do something about taxes. Not sitting on the fence and wait and see
  19. Sitting on the fence if you remit 600,000 B/ year, ok. Sitting on the fence if you remit 6m B/ year - that would be incredibly stupid. But people who remit 6m B/year don't sit on fences.
  20. Wrong. Some people should read the law before posting falshoods. It's 180 days, ie more than 179 days.
  21. Very bad advice. There will be no government announcement later this year. Why should there be one? The rules are very clear since September 2023, nothing more to say. (Yes, some technicalities like FIFO or not are not clear - but this really has nothing to do with OP). Are you waiting for a government statement "we hereby state that from now on, people living in Thailand have to follow Thai laws"? And then you will wait for a statement stating whether they really mean it? It's not guesswork at all, what the rules are. It's reading work. Whether, when and how the rules will be enforced is, to a certain degree, guesswork. But to advise people to wait for a government statement "we will now enforce or laws" is very bad advice. They won't tell you
  22. You will not be asked for taxes during your next stay in Thailand. Because during 2025, TRD will deal with all the people who filed taxes for 2024. But: if you plan a future in Thailand, you may run into the TRD later, maybe if you remit more to buy a condo, whatever. So I would make sure that I am clean if they ever check (3 years back is routine, 10 years back is possible). 3 easy ways for you: 1. Stay no more than 179 days in a calendar year 2. The numbers you told us are tax-free if you are over 65, married to a Thai, remit pension income 3. You can remit those 5000 from old savings, that you had already before 1/1/2024. If you remit old savings, these remittances are tax-free. You should be able to prove they are from before 1/1/2024, a good proof is if they come from an account that didn't have any money incoming since 1/1/2024.
  23. I pretty much agree - as of today. But the regulations have changed. What makes you so sure enforcement won't change, too? Enforcement going 3-10 years back, of course. Hint 1: for years now, Thailand's tax net has tightened, remember the times where you wouldn't pay withholding tax on interest by opening a new account after receiving 20,000 B of interest? Remember the condo tax? Remember prompt pay? Hint 2: why would TRD employ all these new tax lawyers? You might answer, for the same reason they bought those airport bomb scanners. I hope, you are right.
  24. I do this all of the time. Never any issues.
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