NoDisplayName

I'll take "Water is Wet" for $1000, Alex!

Apologies, I got lost amidst the bickering. That was intended for @novacova.

Dude, you may have a dispute with another poster, but don't bring others into it by posting disinformation. China has a number of visa-free areas for transit passengers. Hong Kong can be visited of course, and now the entire province of Hainan is open for 30 days visa free.

Hub of not getting the poster translated or calling the info number printed thereupon, but instead wadding panties amazingly.

Just look at the bright side. Now that world stock markets are tanking and all your unrealized capital gains have vaporized, you won't owe any Thai tax when you remit what's left of your sadly diminished nest egglets.

How dare he post a negative hotel review! Fine, jail, deport!

They would likely claim tax burden is the same. Domestic aged pensions not taxed, foreign aged pension taxed. Thai nationals would be taxed on their UK aged pension, if they had one. UK'ers would not be taxed on their Thai aged pension, had they one.

Four very lucky departments.

Chinese drivers are bad, but not same-same bad. More minor fender-benders, fewer high-speed collisions. They generally drive very, very slowly, staring at a point a few meters directly in front, rarely using mirrors or looking to the sides. Merging onto highways and changing lanes is accomplished by slowly merging into the desired lane while staring at the desired spot directly ahead, only pausing when oncoming traffic blows their horns. Horns are constantly used on Chinese roads. It's expected and doesn't lead to machete-wielding road rage attacks. This will be........entertaining.

Hi! I'm a foreign TAX resident of Thailand, filling in tax forms and paying tax. Where do I sign up for the free money?

So you're saying we really, really need to organize and make lots of noise,.........complain so much they'll let it drop? 60 percent of the time, it works every time!

I find that deeply offensive! Accusing me of being a closet Ukranian! I should report you to the thought crime police.

Being as offensive as possible to your political/ideological opponents is artistic expression. Unless it's YOUR particular splinter of the population on the receiving end. Then it becomes a "hate crime."

So is wearing swastika T-shirts.

Loan Calculator Amortized Loan: Paying Back a Fixed Amount Periodically https://www.calculator.net/loan-calculator.html?cloanamount=600%2C000&cloanterm=5&cloantermmonth=11&cinterestrate=24.28&ccompound=monthly&cpayback=month&x=Calculate&type=1#monthlyfixedr See above link at 24.285% APR, compounded monthly. Cclick to see the amortization table, at 8 months, balance would be 566,855.74 credit card interest rates cannot be higher than 16% (down from 18%), and personal loan interest rates from commercial banks are now a maximum 25%. https://lawzana.com/articles/thailand/new-interest-rules-for-loans-in-thailand-11 What does the loan contract state? I believe the maximum rate for private loans is 15%, but apparently the banks have connections with the folks writing the laws.....

China export to emerging markets, bad! Thailand export to emerging markets, good!

So the producers have done their due diligence. Bwahhahhahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!! Hub of hurt butts.

I'm sure it's been discussed on the other threads, with no conclusive findings. Not recommending the action, asking where that falls under remittance rules. If I book a hotel in Thailand, or buy a computer, or buy Thai health insurance, or put tires on the pickup, and pay by foreign credit card .....those would all be considered taxable remittances?

What if you pay the seller directly via SWIFT or Wise? They are selling the property, they are realizing capital gains, the money is going into their account, they are paying some form of sales tax. How is this accounted for in terms of remittances if the money never passes through your (or wife's) accounts?

I believe that to be incorrect. The funds remitted is the amount you sent to Thailand, resident or not. Not all remitted funds are assessable. Assessable funds are amounts for which you may have a tax liability, if you are tax resident. Non-residents may remit any amount yet have no foreign source assessable funds. A government pension is remitted, and under most DTA's not assessable. In most cases, TRD allows us to self-determine whether remitted funds are assessable, and if no tax due then no filing required. My anecdotal experience so far (Bangkok 2018, Korat 2024) is that tax office will accept the term "savings" in response to what was remitted. That's all fine until someone gets a call from the nice folks in the tax office requesting a personal interview, which so far has not happened.

opposing anecdote. They appear to be selling. We have three on the road in our small city outside of Korat. Two work trucks and one daily driver. You won't see them in Bangkok of course, for obvious reasons. They're too small, too slow, too unflashy, don't have gold hubcaps and cost less than three million baht.

We were considering buying one next year, after seeing what bugs get worked out in the first model year, but will be holding off a few more years until we know how the tax situation works out. In the meantime, our Hilux petrol/CNG dual fuel pickup with 400K on the clock is still going strong.

She did passably 'meh' during the 2020 Democratic debates against............Biden. Not great, just 'meh.' And that was against a younger, stronger, competent Biden still in control of his bowels.

Wait, did Biden back out of the debate? Does this mean the leader of the free world is afraid to debate a convicted (insert favorite crime here)? What's Joe afraid of? Why won't he debate?

We don't know. Depends on how YOU (currently) are able to self-assess your income, and whether you will ever need to provide documentation to support your claim. In my non expert opinion......you made money on the first sale, but did not remit it, so not assessable and no tax due. The second sale resulted in a loss, so not assessable and no tax due. As to the first sale, £10,000 is gain that you can reinvest rather than remit. £10,000 is original capital that you can remit as non-assessable..............In my non expert opinion. If correct, that's a clever workaround. Sell prior stocks at a gain, then buy and sell (same or other) stock for zero gain, then remit entire proceeds from the second zero-gain sale as non-assessable. Others claim that any remittance of those funds would be X% capital and Y% gain until the entire amount was remitted. But that's assuming it's possible to track any individual remittance to one specific transaction. If TRD begins worldwide income taxation, then you pay tax on £10,000 capital gains from the first sale regardless of remittance. This is where the problem with multiple governments taxing the same income lies. The IRS allows up to $60K capital gains (including exemption) for single filers with zero tax. I take advantage of that by selling funds with large gains at zero tax, repurchasing immediately at a much higher price, thereby increasing the cost basis reducing future tax. That $60K has been 'taxed' by the IRS, but no tax was due. Thailand sees that as assessable income. Same with capital losses offsetting capital gains. Zero tax due to the IRS but the entire gain portion would be assessable by Thailand.