
NoDisplayName
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Everything posted by NoDisplayName
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It's bad enough I have to pay tax on interstellar/multi-dimensional income to Uncle Sam for life, but Thailand wants a cut also? I ran the numbers.........I manage my finances to remain at the zero tax limit in the USA, which will result in $10,000 paid annually to Thailand. All capital gains are taxed as normal income with no offset for capital losses. I don't think so. How do you say 'hello' in Khmer?
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No. They do not. Thai mutual funds mostly seem to be western mutual funds purchased and held in a plain brown Thai wrapper. You get to pay the base fund fees PLUS the management fees from the Thai bank, plus sometimes front-end loads and switching fees. Buy Indian stocks? Bualuang Bharata Fund from Bangkok Bank holds RAMS Investment Unit Trust - India Equities Portfolio Fund II. Maybe it makes sense. Would have to run the numbers, see if remitting non-assessable funds to Thailand and buying from the very limited universe of mutual funds without capital gains tax vs. buying in home country with taxable capital gains.
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Typical mutual funds say from Bangkok Bank do not pay dividends, even if the funds hold foreign funds that do pay dividends. Earnings are folded into the NAV. Capital gains from THAI mutual funds are not taxed. Makes sense to interpret the TRD statement as income from THAI mutual funds that invest overseas will be excluded, while income (dividends and gains) from foreign mutual funds (and ETF's) will be taxable. Make a note that capital losses are NOT deductible in Thailand. If TRD goes with worldwide income, you would owe tax on all your fund sales with no offset for losses. Ouchies.
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Can the Asean Now Community Mediate? Your Input is Needed!
NoDisplayName replied to Sam B's topic in General Topics
What basis is the company bringing suit? There is no contract and you had no contact with company other than this lawsuit. Apparently some random dude who claimed to be a manager, which the company denies employing, said a thing. You owe the company nothing IMO. They need to take the matter up with random dude who ordered supplies and a crew. -
Why Do Lazada Logistics Partners lie So Much?
NoDisplayName replied to Lite Beer's topic in General Topics
That has happened many times, but I don't accuse the delivery service of lying. I suspect that when they reschedule, they have to choose from a limited list of Thai script items from a dropdown menu. I assume that when we view the ingulitch version of the website, the stated reason is a poor translation. -
Bringing a bike into Thailand as sports luggage
NoDisplayName replied to B0nkers's topic in General Topics
Nothing to worry about in asialand. Flown and ridden into/out of Thai, Cambodia, Vietnam, Singapore, Myanmar, Malaysia and China many times with bicycle and gear. Never asked, never bothered by customs. Last return trip from China by air arriving visa exempt, brought in two bikes in boxes, plus suitcase, laptop bag, and a couple duffel bags of parts and clothing. No questions upon entry, just go through 'nothing to declare' as you have nothing to declare. -
A Visit to the Tax Office
NoDisplayName replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
Wives under 16 years of age must shirley qualify for the child care deduction.🚼 -
A Visit to the Tax Office
NoDisplayName replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
As explained at MY local tax office, the pink ID card number is your tax ID number. You use that number when filing tax on paper returns. To file ONLINE, that number must be entered into the system and activated first. Local offices can not do this. Must be done by the provincial main office, which (in my case) did not require MY physical presence. A phone call from the local office where I now reside got it done. If you speak the language, or have an interpreter, 1161 help line is very efficient. Before the visit, neither my old TIN nor pink ID number was recognized by the online system. I can now log on to submit tax filings and check return status using my pink ID number. I have no knowledge of the tax certificate. -
A Visit to the Tax Office
NoDisplayName replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
As to other posters without a pink ID being denied a TIN, it appears some offices require a valid reason to issue one. Tell them you have Thai income (dividends and interest) with tax withheld. You need a TIN in order to claim a refund. -
Viral Video Shows Pattaya Official Allegedly Slapping Bar Worker
NoDisplayName replied to webfact's topic in Pattaya News
But I heard on social media that somebody was talking about hearing from somebody that they read somewhere that some random dude online said............ -
That's still just the self-determined assessable funds. You can still remit any amount of non-assessable funds tax free. Unless the situation changes, which I predict to be unlikely, you local tax office official will still accept your claim that you remitted "prior savings" into Thailand. Of course you'll be filing online, and remitting less than the taxable amount of assessable funds, so probably won't need to explain anything.
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Immigration Hacked?
NoDisplayName replied to NoDisplayName's topic in Thai Visas, Residency, and Work Permits
So you're saying immigration themselves set up a fake website address in Hong Kong for their confirmation emails to link to? That's crazy. I sent them an email. Anyone else using the online reservation system? Maybe check the confirmation emails and see if this shows up anywhere other than Korat? -
Immigration Hacked?
NoDisplayName replied to NoDisplayName's topic in Thai Visas, Residency, and Work Permits
You're saying an update of the system included changing the website address that was already in the pre-existing confirmation email text from go.th to .com? I suppose anything is possible, considering some person(s) inside immigration provide email lists to visa agent(s). -
But it doesn't make sense in the real world, where "an account" with "a balance" does not exist. In the real world, random expat has half a dozen brokerage accounts, three checking accounts, a couple savings accounts, two IRA's and a 401K, a dozen credit cards, a credit union account and a Wise account. He makes hundreds of stock trades throughout the year, receives bond interest, dividends, capital gains, and a wee tiny bit of savings account interest, perhaps even a pension or two. Random expat has his accounts set up and has maintained records for half a century according to the rules of his cuddly home country tax department that enforces global taxing authority. "A balance" in "an account" does not theoretically sit in place. Nobody, especially the TRD, has the capability of matching any particular remittance to any specific transaction, at least not without a specialized team of forensic experts willing to put in weeks of effort for little to no reward. We'll be continuing the long-standing practice of self-determining assessability of remittances as "savings."
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Chinese luxury property pitch in Bangkok angers Thai netizens
NoDisplayName replied to webfact's topic in Bangkok News
How dare the How dare the Chinese get in on the illegal property ownership scam that westerners have been monopolizing for half a century! How dare they! Don't they know this is against the "rules-based" international order? China Bad!©- 73 replies
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