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J Branche

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Everything posted by J Branche

  1. Just my opinion but seems like some leadership who is pretty wealthy is attempting to turn Thailand into Singapore. To fund these projects they will Tax anyone, anywhere that they can. Money would be better spent on Improving the education system so graduates do Not need a calculator to subtract Foreign Elementary School amounts 302 - 272 = ???. Access to resources and support for students who have potential and who are bright to take advanced learning courses for Free or with discount to make affordable. How about requiring Food labels to clearly show how much fat, salt, sugar, cholesterol is in food. Most labels I've looked at the Macro option on the Mobile phone is required to read the label. Unfortunately the writing is on the wall. Enough reckless spending on investments with High Risk of failure and Low Potential of Profits and Thailand will start defaulting on loans and the credit rating will drop, money to dig the country out will start drying up and have high interest rates. To gain access to the Elite F1 teams and drivers and be able to party with people of same caliber it appears an invitation has been sent. Party in Thailand 202? only people with helicopters, jets, massive yachts and high end exotic cars invited.
  2. In Bangkok a week ago. Many coughing sick people on the BTS trains.
  3. Watch the YouTube video "How a CIA base works" they talk about being able to exploit encryption on messaging apps, turning on web cams, microphones, etc. I can understand exploiting Windows. When I worked for GE they had special laptops that employees took to China that was freshly wiped and configured with very limited data on it.
  4. If criminals are not aware Thailand had become pretty good at finding someone when they want to. This is Not the same Thailand from years ago. I have heard that the seized assets are split so maybe the money is a Big motivating them plus the investment in Technology
  5. Guess it is time to pool money for lawyers and lobbyists. Zero chance this will happen without Catastrophic consequences. Everyone is Everyone and High Net Worth Individuals, Companies and other will fight hard to make sure this does Not happen. I'm sure next week it will be a big misunderstanding.
  6. No time to read previous posts. Anyone who believes these off cuff comments has a distorted perspective. We all have varied skill sets. There are some extremely smart people who may have never used a drill but achieved great success. Learn not to give a F and enjoy your life
  7. Last night in Pratamnak, two Thais drinking outside laundry, verbal confrontation starts, one leaves and returns with machete type tool. I decided to leave no report in news so all must be well.
  8. So if renting land require To view Chanote, view and confirm Identification name matches. Possibly go to Land Office and verify no loans/debt. Sounds like land lease so have a competent lawyer or real estate agent review the documents. Sign documents with witnesses. Definitely go and visit land, never know when someone may just build, dump tons of trash, or claim ownership of land.
  9. False, Misinformation. The US/Thailand Tax Agreement is as of May 30, 2024 still Enforce. Per PDF Page 30 Article 31 Termination 6 Months Notice MUST be provided by USA or Thailand through Diplomatic Channels prior to the Agreement being terminated. Social Security Benefits/Pensions PDF Page 23 and 24 Article Pensions and Social Security Payments. These are only Taxed from the Source country which would be USA. Almost everybody will Not need to worry about PDF Page 24 Pensions b) However, such pension shall be taxable only in the other Contracting State if the individual is a resident of, and a national of, that other State. My Opinion (Verify with proper authority) this statement is confusing but a National would be someone with Thai Citizenship Most will be Thailand Tax Residents but NOT Citizens.
  10. It is Easy to hire a Slick Advertising company to put together a Promotion Video showing interests the city wants to promote and market it to foreigners. ALL the whining Negativity from the people on Aseannow will NOT slow tourism into Pattaya/Jomtien. If it is Such a problem to You what happened when You went to City Hall and spoke with a City Official? Chinese, Indians, Russia, Europeans, and others ALL visit, some buy Condos, some setup businesses in Pattaya/Jomtien. The tourist who are coming to drink, looking for a friend for short or long time are usually visiting a certain area of Pattaya/Jomtien. Families with kids visit another area. We all seem to coexist in Harmony. It is up to the Tourist NOT US if, when, and where they Go and what Activities they enjoy.
  11. In a Popular Mostly Thai Pattaya Bar/Resturant I can confirm The Employee is made to pay an unpaid bill the customer does not pay. Girlfriends son was working for only 10 days and went to get some food for another table he said it took only about 3 minutes. Only about 400 baht but that is what he earned for working in one night. This Same Popular Bar/Resturant All the employees were scheduled to work this week. Manager notified All employees Monday when scheduled to Work, they will be Renovating the place and they are Closed for 5 days. Unfortunately it seems some Thai Businesses should improve on How they view and treat their employees. The employees are a key part of the success of your business and there is little benefit in treating them poorly.
  12. Misinformation, Please provide Any information to support Thais will Not pay Foreign Sourced Income Tax. Reference https://rd.go.th/21/page-1/ Thai Revenue Department Official website Many Documents ONLY in Thai Language about Taxes, Foreign Sourced Assessable Income Tax
  13. Why? Provide references for your statement. US Tax Agreement PDF page 23 pensions and social security may only be taxed by USA. All tax residents are allowed similar Thai Revenue Tax deductions and Exemptions. So These people Will spend all the time to pack up and move But not 1 hour to read, understand or consult with a professional? Develop your strategy. Use Every Legal deduction, Exemption, law and order that any reasonable and capable person would use. Start NOW, keeping proof, documentation, of the Source of this Assessable Foreign Sourced Income if it will be Remitted into Thailand. Maybe these people need pictures to better understand Google Thailand Revenue Department. Taxes Foreigners_Pay_2024.pdf Relax and go back to Enjoy this Great Country of Thailand
  14. My opinion send the documents to Notary for the state your bank branch resides. Do an online meeting and identity verification. Have them verify the documents. The official digital statement, a web print out from the online account may be necessary. The contact information for your local bank branch. Present all documents to requesting Thai Authorized Agency. Inform them US Banks operate differently and if further verification is Required the contact info and hours of operation of your bank are on the document. Please do Not be Rude, or Angry with these Thai Representatives We Are All learning how Foreigners Paying Taxes process is going to work. Remember Thai's place living in Harmony highly.
  15. Do you have documentation to Prove this is Foreign Income that was Earned and Assessable prior to January 1, 2024? Verify with Attorney or Thai Tax Professional but https://www.rd.go.th/21/page-2.html click on 21 November 2023 And Google. thai revenue department FOREIGNERS_PAY_TAX2024.pdf Are from the Thai Revenue Department website and current and published "Official"
  16. Stop confusing people and spreading misinformation. The information has been available since September 2023, Thai Revenue Department is the Official Tax Authority in Thailand rd.go.th Go here https://www.rd.go.th/21/page-2.html click on 21 November 2023 document also know as Order P. 162/2023 signed by the Director General of the Thai Revenue Department (This document was posted in Thai Only) Google Translate will translate PDF to many different languages Additional Reference Google. thai revenue department FOREIGNERS_PAY_TAX2024.pdf US Tax Treaty Reference PDF Page 23 US Tax Agreement PDF Page 23 ARTICLE 20 Pensions and Social Security Payments 1. Subject to the provisions of paragraph 2 of Article 21 (Government Service), pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State. 2. Notwithstanding the provisions of paragraph 1, social security benefits and other similar public pensions paid by a Contracting State to a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned State. If THIS information from Official sources is Not Accurate, Please share the email from the Thai Revenue Department stating otherwise.
  17. 6 PAGES Of Random Useless Chatter Thai Revenue Department is the Official Tax Authority in Thailand rd.go.th Go here https://www.rd.go.th/21/page-2.html click on 21 November 2023 document titled "Questions - Answers about paying personal income tax according to Section 41, paragraph two, of the Revenue Code" "The provisions of paragraph one shall not apply to assessable income arising before the date 1 January 2024" Also known as Order P.162 /2023 signed by Director General of the Revenue Department Supporting documentation in English, Google. thai revenue department FOREIGNERS_PAY_TAX2024.pdf Dual Tax Agreements and Treaties The US and other Tax Agreements are Still Enforce and should be complied with. US Tax Agreement PDF Page 23 ARTICLE 20 Pensions and Social Security Payments 1. Subject to the provisions of paragraph 2 of Article 21 (Government Service), pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State. 2. Notwithstanding the provisions of paragraph 1, social security benefits and other similar public pensions paid by a Contracting State to a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned State. If THIS information from Official sources is Not Accurate, Please share the email from the Thai Revenue Department stating otherwise. Took me 20 minutes to find this information on Official Websites. Tax Agreements are still Enforced. Thai Revenue Department is the Official Tax Authority in THAILAND
  18. Yes, and put you on the Next Plane Back to your country. Your lack of knowledge, understanding and compassion Are Not Acceptable in Thailand, Please do us all a favor and Leave. Thai Landlord demonstrated some of the qualities the rest of Us who live in Harmony in Thailand support and Love.
  19. From my Research CPTL (Compulsory Third Party Loss) is Required by law on Every vehicle registered in Thailand. Beware this provides low limit insurance for Bodily Injury, Death. No coverage for Property or Vehicle Damage unless that has been Added to that vehicles insurance. The Loss Damage Waiver Insurance is very common. This protects against property damage, and Theft. As of this writing according to Budget and Sixt website they include LDW insurance in the rental price.
  20. Not Enough information provided. Some Foreign Credit Cards provide Rental Insurance for Free If you purchase some Comprehensive Travel Insurance it may include Rental Car Insurance. (Check policy) You need to take Excellent Video of before pickup and after Rental car return to prove condition. My experience was in Portugal were daily rate was equivalent to $10 a day, Insurance was $5 a day. Guy accepts return and gives me receipt. I ask if he is going to inspect car, "No, You bought Insurance which will fix any damage" You do Not need to buy Rental insurance from Rental Company they should accept Any Thai Rental Company insurance if you found much lower rate.
  21. This mentality/behavior will take years to change. Thank You Thailand for at least starting the changes and listening to people/society. My very basic understanding is that this was more acceptable in the past. As mentioned and proven in Video some take it Way to Far. Police = provide help/assistance act with knowledge and understanding to resolve issues fairly. A motionless person is not a Threat or Danger to Anyone. Hope media will report on this case from courts until verdict. We can All do better to help less experienced and knowledgeable people to understand and resolve issues without Physical Conflict.
  22. I would first advise to create an expense list to understand what and total spent per month, track for at least 6 months. Next review all income after taxes. Are you spending more than you earn? Do you have excess money that can be better invested? Find the best, high quality, most consistent performing ETFs, step into them if the current market is trending up. Step= invest 20% or similar amount and add more when the Investment is providing positive returns. A lot of great investment resources but only rely on high quality info and resources NOT someone on YouTube
  23. Thank You for contributing so others are better informed and aware of what to expect when visiting Cambodia.
  24. Eddie stop spreading False Misinformation or you will be Reported. This is an order from the Thai Revenue Department available for Anyone to review. Eddie, If you are going to continue to live in Thailand you must know where to find reliable, credible information. Additionally you must know what resources are available to help answer your questions. (Thai Revenue Department Website https://rd.go.th/landing.html (Chrome Browser ability to Translate Thai to English) Your Citizen Country and Thailand Dual Tax Treaty if created. Thai Expat Companies (Tax and Legal) with experience and posting videos to assist with understanding the changes and how it will impact Foreign Source Income for 2024. Your Citizenship Embassy additionally offers guidance and assitance on where to locate information and resources in Thailand.
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