
NoDisplayName
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Expats angry at huge concessions in latest Thai visa announcements
NoDisplayName replied to webfact's topic in Thailand News
The fish sauce is in the details! The DTV visa allows stays of up to 180 days with a visa issuance fee of 10,000 baht, valid for five years. DTV holders can extend their stay once for an additional 180 days with another 10,000 baht fee and may request to change the type of visa within the country. You must prove that you possess at least 500,000 THB in your bank account to support your stay in the country. You must provide proof of employment with a registered company. -
Fortunately there's Lazada with Chinese sellers willing to ship direct to your home for only 38 baht. Their motto: "Have!"
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Health Insurance Refused Because I Take Statins.
NoDisplayName replied to Jumbo1968's topic in Health and Medicine
I applied for health insurance a couple years after heart surgery. Fresh policy with no age cutoff included a 5-year moratorium on cardiac-related issues, which has since been removed. Just spend some time, keep looking. Might take a good part of a year. If you give up as early as March, you might miss it. -
Irish footballer fights for his life after bike crash in Thailand
NoDisplayName replied to webfact's topic in Thailand News
Travel insurance will cover normal activities, cycling being one such, including long-distance touring. Entering a cycling race/competition would normally be excluded. *edit* I shall explain. I like to ride my bicycle. I like to ride it where I like. I like to take my bike to Singapore and ride to China, or to Cairns and ride the perimeter of the island. I checked with various insurers before my travels to confirm I would be covered while cycling. Yes for riding around town, yes for riding through the wilderness, no for entering a race. -
Irish footballer fights for his life after bike crash in Thailand
NoDisplayName replied to webfact's topic in Thailand News
Standard equipment in BMX/downhill racing. -
In Thailand, bicycle ride you!
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A Visit to the Tax Office
NoDisplayName replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
I scanned that link about offshore sourced income. The word "savings" appears exactly zero times. The word "income" appears 32 times. This is the old "renew my visa" picking of nits. Yes, we all know the original visa has expired, and immigration knows the visa has expired, but we AND immigration often call an "extension of permission of stay based on non-immigration status for purpose of retirement".........renewing or extending a visa. We're not in (tax) court, and we know what the speaker means. And there's always a poster that has to, you know, the thing. Same-same at the TRD office. When filing tax, the official may ask about remittances, and then inquire as to whether the remitted funds were salary or pension or savings. They always (as far as I know) accept a self-assessment of "savings" in the colloquial usage. As with the IRS, the English version TRD website under PIT only uses the word "savings" one time, and that in reference to savings account interest. I'ma sayin' I understand that technically "savings" does not exist in a financial sense, but that "savings" will be used by expats AND TRD officials to refer to non-assessable pre-2024 income. -
A Visit to the Tax Office
NoDisplayName replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
Okay. I get it now. "Savings" is not a thing in finance. The hundreds of thousands of pages of IRS regs don't reference "savings" unless talking about interest from bank savings accounts or contributions to health savings funds, etc. That's fine for the IRS, as they generally are taxing income at the source. All the money (or assets) you have came into your possession at some time as income. For the most part, income is assessed when you gain control over it, and it's assessed and taxed then. What you do with it later is mostly irrelevant....spend it, save it, invest it........it still had an original source as income. How and where you hold it is unimportant in general. We can comangle the funds, put all our money in one bucket and it doesn't matter. Everything is/was assessed when we got it. So sure, we can colloquially call it "savings", but it's still income from salary or interest or pension or lottery winnings or child support or tax refund or inheritance or gift or whatever. Taxing "savings" would be what we consider a wealth tax. Our problem now is a foreign government wants to use a remittance system. Without a fully-staffed FBI forensic team with unlimited budget and access to financial databases, how will it be possible at the end of the year to trace the source of each individual remittance and link it to one discrete transaction for purpose of assessing tax liability? If I have direct deposit of a pension into a Thai bank it's possible. But if I send $1000 via Wise, what did I send out of the big bucket of comingled funds? I expect TRD will continue to rely on self-assessment and will find that despite an increased number of expat filings, their take won't increase, and may in fact decrease for obvious reasons. -
And there you have confirmation of the hermit's amazing healing powers! The massage oil treatment obviously worked, so what is she complaining about?
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Not tax exempt. It IS technically taxed, but at 0% according to the tax table. That is the 0% bracket. If it were tax exempt, there would be a 150K exemption we could claim, and then the tax tables would account for that and begin immediately with the 5% bracket. I think that may be confusing some people when discussing dual-taxation. Some things are taxed in an origin country at a zero or low rate, but can be taxed again in a resident country at a higher rate, with the difference possibly being applied to tax credits in the source country. My interpretation. I'm not a tax accountant. *I used my pink ID number last week to e-file online returns.
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Pedestrians have been known to expire when hit by standard pushies. NYC bicyclists are killing pedestrians and the city won’t stop it Since 2011, bicyclists have injured more than 2,250 pedestrians — including at least seven who died https://nypost.com/2019/08/31/nyc-bicyclists-are-killing-pedestrians-and-the-city-wont-stop-it/
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Motorcycle taxi drivers brutally beating tourist caught on video
NoDisplayName replied to webfact's topic in Phuket News
Tourist should spend a couple years in the pokey, then be deported and banned for life. First, of course, make him pay restitution to the motorcycle thugs to compensate them for scraped knuckles. -
A Visit to the Tax Office
NoDisplayName replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
***UPDATE v4*** Received a text message from "e-revenue" yesterday. "Refund check was mailed to [pink ID number] 13/07" -
A Visit to the Tax Office
NoDisplayName replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
***UPDATE v3*** We filed three returns on Sunday, July 07. Tax filings for 2021, 2022 and 2023 were all late filings. Income included Bangkok Bank interest and SET dividends. Wise transfers were self-assessed as savings and not entered. All would have resulted in a refund of ~750-1000 baht if filed on time. Late filings don't get refunds? There was no late filing fee for 2021 or 2022. There was a 200 baht late filing fee for 2023. Filings for 2021 and 2022 were accepted and I downloaded a provision PD90 with "placeholder" watermark as submitted. Both returns were approved immediately, and I was given the option to download a final PD90 and a filing receipt. 2023 filing was also accepted, and the provisional PD90 was downloaded. This one required a 200 baht late fee, which was paid at filing time, with the tax system connecting to Bangkok Bank for an online funds transfer. This return was still in pending status. At this point, on the status page (ตรวจสอบผลการยื่นแบบ), the first two filings were listed as 'normal filing', and 2023 was listed as 'in process.' The following day, the 2023 return changed to 'normal filing', and the 'recent update status' timestamp changed to Monday, July 08. And here we had a minor hiccup. I was unable to download the final PD90 or filing receipt. Popup box asked for taxpayer ID, but when entered, red popup box said the taxpayer ID number was incorrect. Tried all week to download without success, also getting the same result with the first two filings. Had the wifi call the local office this morning to resolve this. Turns out (กรุณากรอกเลขประจำตัวผู้เสียภาษีอากรของผู้จ่ายเงินได้) was NOT asking for MY taxpayer ID number. To access this feature, you must enter the tax ID number of one of the entities where you sourced income and had tax withheld. I used the taxpayer ID of Bangkok Bank which I had entered on the filing, and was able to download the final PD90 and tax receipt, and receipt for late filing fee. All tax receipts have a balance of 0.00 All PD90's indicate overpaid tax. During final acceptance of each filing, we checked the box to have refund of tax paid check be mailed to us. We assumed that the zero balance on the first two receipts, and no late filing fee, meant no refund authorized. We assumed that the late filing fee, only charged on the 2023 filing, meant there would be a refund check sent. Stay tuned for update v.3 when we report either refund checks received or call from the tax office requesting documentation of tax withheld. -
A Visit to the Tax Office
NoDisplayName replied to NoDisplayName's topic in Jobs, Economy, Banking, Business, Investments
This appears to be a misunderstanding somewhere between me and the wife and the tax lady. I checked with my wifi, and after almost two weeks she doesn't remember exactly what was said. I speculate that maybe perhaps the tax lady was thinking I could possibly be entering some type of DTA excluded income, and there might be a box to tick indicating such.....but that's just a guess. More likely, she was overwhelmed by all of our 'tink too mutt' questions concerning so many possibilities, or I asked a poorly formulated question, or honey-bunny mistranslated. Someone made a misteak somewhere. As the system currently functions, we enter income amounts only, and for now we still self-assess type/source of funds, and self-determine whether we should enter those amounts as assessable income. There is no space to enter remittances, thus no box to tick indicating type of transfers.