chiang mai

I'm out of patience at being trolled on this issue by stupid people, welcome to my ignore list.

Don't be stupid. Lister hasn't posted in this forum in months, somebody had to answer the poster.

My view on this is that everyone should wait until after the new tax forms and instructions are released, which I understand will be around November or possibly December. There are many open questions regarding what will be required and even tax consultants and Big 4 don't have all the answers yet. It is possible that the news release at the end of the year might change the tax landscape for foreigners but I can't imagine how. There are lots of Thai CPA's around who will prepare taxes for you and the cost seems to run from 7,500 upwards. Finding somebody who is qualified and truly knows what they are doing is a different matter and will require you to ask around for references from people you know and trust. Sorry I can't be more helpful but everyone is in a wait and see mode at present. The Revenue does have a list of businesses that can enter tax returns online but whether or not they will actually complete the forms also is unclear. One very solid option is if you have uncomplicated tax affairs, you can take your numbers to the local Revenue office and ask them to enter the information for you, they are typically most helpful in this regard and there is no cost involved,

What I wrote is very straight forward and uncomplicated, which parts of it do you believe are not factual?

I'll start a GoFund Me page for ya.

Lamphun is full of Japanese clean engineering, most of the Japanese secondees live in Chiang Mai

You tell them that, let us know what they say.

Can you prove that you passed the light whilst it was green? Exactly.

You crossed the white line when your exit was not clear, you effectively ran the red, regardless that the traffic in front of you stalled. Sorry,

Which of the following are not facts: There is only one TRD Code whose rules apply equally to everyone. Thailand Revenue has no interest in knowing what deductions were made from overseas funds, prior to them being remitted to Thailand. TRD is only interested in knowing whether remitted funds are assessable income and of what category. The TRD Code defines income in eight different categories that do not distinguish between overseas and domestic income. Property rental income is defined as Category 5 income, it permits a standard deduction equal to 30% of gross rental income, or, if actual expenses are greater than 30%, the sum of actual expenses provided receipts are available. https://sherrings.com/personal-income-tax-in-thailand.html https://sherrings.com/personal-tax-deductions-allowances-thailand.html “It was discussed a long time ago that any rental income that is remitted to Thailand would be considered gross of all home country deductions/expenses which would be replaced by the 30% Thai standard deduction, or, if actual expenses were greater and all receipts were available, the greater amount, per the TRD Code”. For example, gross rental income might expect to be reduced by agent fees, local taxes, cost of repairs etc. For Thai assessable income purposes, the amount of rental income remitted to Thailand is presumed to be gross and not to have been reduced by the value of those deductions/expenses.

We've just passed the 20 year mark, I guess the glue is that my wife and I genuinely care about each other, plus we treat every day as a new start, despite any problems the day before.

Folks may want to consider the future implications for THB as a result of what is happening to the YEN. Historically, the Japanese companies in Thailand have not repatriated their profits because Japanese interest rates have been negative, this means the BOJ charges an overnight fee for holding that money. Now that BOJ has raised rates there is an incentive for those companies to repatriate the funds and this means selling Baht to buy YEN. The amount of overseas profit stored by Japanese companies is estimated to be in the region of USD 68 billion although not all of this in in Thailand. Nevertheless, the impact on THB could be significant.

This is not about the difficulty of enforcement, it's solely about whether it is assessable or not. As I said at the outset, there is little consensus on any aspect of Thai tax so different people will have different opinions, I have given you mine.

Where you put the money is of no consequence, all that matters is the source of the funds that you remitted to Thailand.

You probably wont find a consensus here on anything tax related! My view is that the transportation method by which the funds are brought into the country is irrelevant, only the status/assessability of the funds that are remitted is.

You've been told before that if you want professional Thai tax accountancy advice you'll have to go and and find a Thai tax consultant and pay for that advice because nobody on this forum is qualified under Thai law.

That fits. Article says average tourist spend is 50k per visit. https://www.bangkokpost.com/business/general/2753824/tat-survey-notes-spending-surge#:~:text=Teerasil Tapen%2C deputy governor for,and 44%2C607 baht in 2022.

Only you are interested in the US DTA, the poster I responded to is a Brit. Goodbye.

There's no comparison between 1997 and today. The main reason is that the Foreign Currency Reserves are liquid and not tied up in long dated investments. The second important reason is the government has almost no foreign currency loans plus the Baht is not hard pegged against USD.

There's a clue in the article when it says "the reserves have benefited from the interventions and the depreciation of the Dollar". The reserves are held in foreign currencies and Baht, most of which have increased in value as USD has depreciated. The reserves are only accounted for in USD, not held in USD plus that accounting only takes place at month end. A fall from 37 to 32 will mean a substantial increase in USD terms. It isn't that more reserves have been earned, only that the exchange rate has increased the Dollar value of the reserves. https://www.bot.or.th/en/statistics/sdds-reserve-template.html

The reserves are held in lots of different currencies and gold etc etc but are accounted for in USD. That means the value of the reserves changes in line with the exchange rates. So I wouldn't get too hung up on the headline figure which can change for several reasons..

+1 for Dr Siri who has his own clinic on the moat where costs are only a fraction of sriphat or the private hospitals. One private hospital quoted me 5,000 baht to remove a lesion on my back, Dr Siri removed it in ten minutes using laser and said it didn't need a biopsy...cost, 900 baht.

It's a balancing act to some degree. The strength or weakness of a currency needs to match the strength of the country's economy. There's no point having a weak currency that attracts tourists and makes exports attractive if the cost of importing oil and other goods isn't evenly matched. Conversely, a strong currency that makes imports relatively inexpensive is pointless unless exports or the remainder of the economic output can function well at the same level. Thailand's issue is that it likes a weak Baht because it aids exports and tourism whilst minimising imports because of the high costs. That leaves them with a current account surplus and a balance of trade surplus, which means a stronger Baht. If the country were to open up and import more, the trade surplus would evaporate and the currency would cease to strengthen so much. This is what the US Fed refers to when it accuses Thailand of currency manipulation which primarily is really a trade issue, not an exchange rate issue.

Does anyone have a current link to buy 5mg Melatonin? I tried iHerb but it doesn't allow the order to complete to Thailand. I'm currently using a very pricey Circadian from a Thai pharmacy and looking for a better option. TIA

It may be a standards issue plus I don't know if Thai doctors would be willing to requalify with all that entails. A long standing bestie of several decades is from India where his wife qualified as a cancer surgeon. They moved to the UK where she spent two years requalifying for her role. Later, they moved to the US where once again she had to requalify. She subsequently reached the top of her game at Johns Hopkin where she has remained until today.....but what a long haul, not something that many people would be willing to do I imagine.