NoDisplayName

In case anyone was wondering, we did ask about the worldwide taxation proposal mentioned by the head of the TRD. Office lady knew nothing about it, and said it was just somebody talking about some idea. This office will follow the new 2024 remittance rule. Ignore rumours until a new law is approved. The only phrase I caught between my wife and office lady was "Big Boss." Not sure if they were referring to me.

Had the wife call the tax office yesterday, need to update my TIN card (moved from Bangkok to Korat) and have questions about 2023 tax. Visited the district tax office this afternoon (12:30, no waiting). TIN. Since I have a pink ID card, I do NOT need a TIN or TIN card. I am to use the number on my pink ID card when filing taxes. That requires having my ID card number registered in the system, something the local office could not do. Office lady called the Korat office to have my number registered, and the old TIN invalidated. I "should" be able to log onto the tax system within a week to file taxes. I was allowed to keep the old TIN card, if ever needed as documentation. 2023 TAX. I brought most of the documentation needed to file tax if needed, with the exception of a bank interest statement. Thai dividend receipts (1300 baht), details of Thai bank interest received (4900 baht), remitted funds (310,000) baht. She asked if the remitted funds were pension or salary. We replied from personal savings. Office lady said we don't need to file, and explained the new remittance rules. We asked if any documentation was needed to show origin of funds. Not necessary, self determination. No mention was made of deductions or exemptions as the remitted funds were ruled not assessable. Office lady said I could file to have tax paid refunded, but that would require a 3-hour+ trip to the bank for an interest statement, another hour or so at the tax office to file in person, pay a late filing fee, net result: ~600 baht. Pass. We asked about filing online, and what documents would we need to upload. Office lady said no upload required, just fill in the tax form. No dividend or interest statements, no foreign bank/transfer documents. Enter amount of remittance and check "savings" as source of funds. We would be contacted in the event more documents required. We're good for this year at this tax office with this official, and don't expect any problems next year. Self-determination of funds remitted is acceptable so far, at least for the amounts received. We'll simply keep remittances in 2024 to my account below 320,000 baht to be safe. We're thinking about filing a 2023 return online next week to test the system. See if we can file without uploading documents, see if we can set up direct deposit of refund check. If no bank interest statement needed (I have all the numbers in the passbooks), might as well try. New remittance rules are manageable for now, although bringing in US$20K to purchase a car may require a bit more effort. As long as they don't move to enact worldwide taxation, tax residency should not be a major issue. YKMV

Some body get's, it.!

I'm just going by the TRD response, that I can use "facts and evidence" to support that I am remitting capital, NOT income. Question 9: If yearly, I invest abroad and bring part of it back into Thailand, is the part I bring back into Thailand determined as capital or as assessable income? Answer: For monies that are brought into Thailand, taxpayers have a duty to self-determine, based on facts and evidence, if the monies brought into Thailand are capital or assessable income.

Remember where you are, sir! First response to lower sales is to raise prices to compensate.

See Sherrings/TRD question 9.

Question 7 explains how to calculate capital and capital gain (or loss). The answer to question 9 is more relevant. Sherrings TRD response says I get to cherry pick what I remit. I bought stock in 2015 for $10k, sold them this year for $15K. I chose to reinvest $8K of the sale proceeds ($5K gains and $3K of the original capital) into NFT's. The balance of the original capital, $7K, was remitted to Thailand. Self-determined.

Will you be teaching, English?

I predict that TRD won't bother with home country documents, except in certain exceptional cases. They don't have the staff, the knowledge, the experience, to handle financial forms in foreign languages from 100+ other nations. They'll simply do the simplest thing for simplicity. Anything and everything remitted will be classed as assessable and taxed, unless you can show that a government pension was directly deposited to a Thai bank. Up to you to claim benefits under tax treaty and file for a refund. Elsewhere. What about government pensions that are deposited in your home country bank, and then remitted to Thailand? Simple! They aren't taxing government pensions. They're taxing remittances. You can either prove the government pension never comingled with other funds and is completely separate, or claim a tax credit at home.

.......not Thai. This will not do! ....teaching proper safe riding skills,........ .......making the world a little safer. Amazing.

No, I said the rules might be different in Hong Kong as a SAR, and that you could contact them to find out. It would give you an option if you can't get your visa in Canada or Thailand. Others may have obtained a tourist visa for China in Bangkok or Chiang Mia, but when? We had that covids thing and all the rules have changed. I wouldn't fly to Bangkok intending on getting a China visa or a tourist waiver based on some random poster's possibly out-of-date anecdote. Contact the visa center.

I think I've lucked out. My O-visa extension ran out while working in China, only made it back in 2022 for 177 days. Had cash in Thai accounts, so only remitted 310K in 2023, below the threshold counting the health insurance deduction, and would have been prior savings anyway. So far this year, have only remitted 275K, and will remit no more, just spend down in-country savings. Considering filing a (late) tax return for 2023 to have a clear record established showing no tax due. Will need to visit tax office to change address on the TIN anyway. As long as they don't move to taxing worldwide income it's manageable.

Where's the confusion. Your question is answered in the FAQ. If you hold an ordinary passport, you should submit your application at the Visa Centre in the country where you lawfully reside. A long-term visa is acceptable evidence that you lawfully reside in Thailand and can apply for a China visa. A tourist visa is not. I will repeat: Contact the Bangkok visa center for confirmation.

Let's say you have a checking account for handling cash expenses. Several brokerage accounts holding stocks and bonds and ETF's. Dividends and interest and sales proceeds are sent to your checking account as needed. Sometimes, $1000 or so will go from your checking account to Wise, to be sent to your Bangkok Bank account for Thailand living expenses. What's not clear?..........What exactly did you remit to Thailand? Your home country taxes are no problem, as your 1099's detail your income and gains.

Implementation. Will TRD allow you to link remittance to any specific transaction any time throughout the year, or prior years, as cost basis? Would they have staff capable of that task? Or will TRD require (legalized?) copies of your home country tax return and end-of-year bank statement and use total amounts from them - total salary, total capital gains, total dividends, original capital, passbook savings - to somehow calculate which percentage of each applies to your remittance?

Okay That in no way describes the typical "visa agent" we have here bribing local officials to obtain visas for those who do not qualify. I highly doubt the "visa service center" contracted by the China embassy will be bribing officials, forging documents, faking bank deposits, or sending your passport to other countries for visa stamps.

No, they are a contracting service employed by and authorized by the China embassy to process visas in accordance with published regulations. They are not random private individuals slipping wads of cash under the table to corrupt immigration officers to rubber-stamp visas for people unable or unwilling to meet the requirements.

No, the upshot is: First contact the China Visa Center directly. They are authorized by the China embassy. They process visa applications. They publish and follow the rules. There is no corruption, no bribes. They respond to emails.

That's the thing. There is a law, and there is implementation, and then there are dozens of district offices that interpret the law in new and exciting ways, and then there are hundreds of tax officers that interpret the interpretation according to how much sleep they had the night before. Under the old rules, you simply claimed remittance was prior savings. I'm not aware of anyone that had to prove that, as one would assume prior savings would exist. Has anyone been required to show proof, and was a brokerage statement showing total assets sufficient? The new remittance rule will likely require some sort of documentation. But what will be allowed, what will be excluded, how will it be interpreted, how will it be enforced? Other than a dedicated bank passbook savings account, how will the victim point to any specific asset as the source of the funds remitted?

No, man! You never go to the consulate in Vancouver. The visa center handles the........................visas. What I'm saying is you should contact the visa center in Bangkok. I gave you there email, and mentioned that they DO reply to inquiries. They can tell you if you as a tourist can apply for a visa. The Bangkok office will issue visas if you have a Thai non-O visa/extension. If you hold an ordinary passport, you should submit your application at the Visa Centre in the country where you lawfully reside. You could contact the visa center in your country. If you read the FAQ's, it may be possible to apply thru a travel agent if they can handle the fingerprints. According to the requirements of Chinese Embassy and Consulate General, you must come to the Visa Centre in person to submit your applicaiton and your fingerprints must be collected (person who under 14 years old or elder than 70 years old is exempted). If you want to apply through a travel agency, the agency will be responsible to confirm with you about the submission and fingerprint collection. Or gosh, you could try the Hong Kong branch to see if the rules are different for applying within an SAR. If so, you fly to Hong Kong as your entry to China.

You won't get your visa at an embassy or consulate. For visas you go through the Visa Service Center. You have the email and phone for the Bangkok office and the Canuckian office. Contact them. The Bangkok office responds to email.

Visas are not obtained at the embassy. You must go through the China Visa Center near Makkasan station. https://bio.visaforchina.cn/BKK3_EN/qianzhengyewu you can call or email. Call: +66-(0)22075888 E-mail: [email protected] or if you're still in the great white north, Fax: 403-699-9776 E-mail: [email protected]

Potentially millions of Chinese in the northeast of the country can buy inexpensive vacation condos in Thailand to escape the worst of the -30C degree winter. They may spend a couple months relaxing on the beach and never worry about 180-day tax residency. Mr. Google says China signed the CRS and began implementation in 2018. The US is not a participant, relying on FATCA instead.

Did you replace the shocks?

Tire pressures vary for single-cab, extended-cab, double-cab, 4WD versions of same vehicle and year. Owners manuals can be downloaded. See page 271: https://gimmemanuals.com/owners/2021/06/2009-toyota-hilux-owners-manual.pdf I've got a single-cab, 2WD, long bed model. Not hauling heavy loads, so normally inflate to 35/48.