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J Branche

Advanced Member
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Everything posted by J Branche

  1. Surprised not more of these stories in Pattaya with all the oblivious Indians walking in the street. RIP friend. Hope the driver has nice long miserable visit to the local jail.
  2. Can afford a truck but not the 500 baht plastic piece from the scooter. Not sure the quality but I would assume any plastic part can easily be replaced for next to nothing if the prices on Lazada are a close representation.
  3. Coconuts used to be about 16 or 18 baht, now same size is 45 to 50 baht. Both vendors I use to buy from Closed. No one buying at close to 3x price from a few years ago. What will happen is same thing in US when they raised the wages for everyone. Prices will get to the point people living in Thailand will start cutting back and say "Nope" Tourist, Rich people will still buy. Restaurants will close, people will be unemployed/underemployed and struggle. Tax revenue from now closed Restaurants will disappear and Money will have to come from somewhere.
  4. I seen a couple of videos, the one guy in I believe Prague compared prices between the grocery store and Duty Free and Duty Free was always More expensive. Might be isolated comparison but the thought of lugging a glass bottle around while traveling hoping not to break it is Not high on my list for adventure.
  5. Unless you put all your expenses in a spreadsheet and total it over many months it is hard to understand how much you need. Rent, Electric, Water, Cable, Internet, Food, Mobile, Shopping (Phone, Clothes, TV, shoes) Insurance, Dental, Travel, Entertainment, transportation, Sporting Membership, Gym Membership, dining out, bar tabs, etc, etc It starts to add up when you are Honest and add up all your expenses. Hopefully everyone can live a nice comfortable, reasonable lifestyle and enjoy their time over here.
  6. Sure it's just a misunderstanding. Brit man "borrowed" The money and came back to Thailand to pay back the loan. Unfortunately these people who you entrust with dispursing payments see the amount in A business account and the temptation becomes to much. I know a lot of small business owners who handle all their own banking, payroll, and bill payment Because of the fear someone may "embezzle" money.
  7. Meanwhile over here in Pratamnak our Motorbike Taxi man has had so few customers he couldn't afford a 2000 baht a month room and is sleeping on the streets. Tough life for some of these guys who do Not have a partner contributing to the household income.
  8. I guess Police were putting to much heat on some of the operations down there and they needed to send a message.
  9. 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.
  10. In Bangkok a week ago. Many coughing sick people on the BTS trains.
  11. 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.
  12. 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
  13. 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.
  14. 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
  15. 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.
  16. 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.
  17. 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.
  18. 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.
  19. 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.
  20. Double Post, Please Delete only this post
  21. 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
  22. 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
  23. 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.
  24. 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"
  25. 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.

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