chiang mai

Wearing belts and braces won't hurt anyone for a while.

The discussion in the article is about taxing world income which means EVERY type of income would be taxable, in Thailand, for Thai Tax residents, not just overseas mutual funds, everything.

Yes I saw that. Do you understand the Thai Revenue Code only allows deductions/allowances against Thai Mutual Funds, that means a mutual fund raised and owned by a Thai bank or securities company and managed under Thai SEC rules, regardless of the securities contained in that fund?

Aw look, the posters confused and doesn't understand the difference between Thai mutual funds and overseas mutual funds.....probably shouldn't be investing in anything if that's the case!

The new pole is already installed at the side of the road, they just haven't moved the wires over yet.....sheesh, storm in a teacup

The op seems to be taking the pith, it seems he lives here but doesn't want anyone to know.

Thai mutual funds,not overseas funds

Thai mutual fund only I believe

Unless you applied for and received a TIN, you almost certainly don't have one. Tax would have been deducted automatically by the bank. It's easy enough to get one so when you feel better, go down to the TRD office with your passport and tell them you need one to reclaim tax paid. I hope you get better soon.

Delete, I misread the post

No pictures shown for questions 2 - 9.

I just completed this quiz. My Score 12/100 My Time 138 seconds  

It's the new test of drivers reactions time, anyone hitting the poll will not be able to renew their license......makes perfect sense to me. 🙂

Just to prolong the agony, let me add to this topic: The two issues with credit card usage Kevin is a) the fact that you're using credit rather than capital or cash, and, b) whether or not the money you use in your home country to pay the credit card bill is income or savings. Point a) above needs to be set aside because the debate is circular and no two people agree. A credit card transaction is credit but if it's a cash advance it's not. And since it's revolving credit it's unlike a specific credit agreement to buy something specific. If you can get around point a), AND you use none assessable savings in your home country to pay your credit card bill, the argument in favour of a credit card transaction NOT being assessable to tax here, is pretty strong....I think. Ultimately however it will come down to point b) as the main issue, are you using a credit card to skirt around using a debit card which is seen as assessable income (subject to the funds not being savings).

Loved your response and thought it was very cleverly done. :))

I disagree, I pretty certain we will see a surge in foreigners filing tax returns as a result of all of this. We've already had numerous reports of people consulting with "tax experts". Just as an aside, you seem to base a lot of your opinions solely on the things you have seen personally and you take those anecdotal findings as fact......I think that's quite dangerous.

In fact no I don't, never have and am highly unlikely to in the future.

The Bobs of this world need to take responsibility for living in a country of their choice where they are not hand held at every twist and turn. Bob will learn.

Oddly this isn't the case, epoxy paint is strongly advised against for outside use because of its poor resistance to ultra violet rays. This was reinforced to me two weeks ago when the SIKA engineering guys came by to do a site inspection.

Of course there are currency exceptions. AUD for example is a proxy for the Chinese economy because China is Australia's biggest export market hence AUD doesn't track USD. Similarly, CAD depends on the US for oil which it pays for in dollars, for that reason CAD doesn't fall just because USD did, in some instances it rises. When you compare THB against those currencies you see a different profile than you do against USD.

Several people have offered opinions on this but the TRD themselves have remained silent, with the exception of a statement made at a presentation in Hua Hin many months ago which I won't repeat here because I can't be bothered looking for the link! That said, two countries, India and Japan, have both enacted legislation this year to address the issue of overseas use of credit cards. In both examples, foreign transactions are subject to a government levy as an acknowledgement that those transactions are assessable income of sorts. This is similar to the UK HMRC model whereby credit card transactions by non-doms are regarded as assessable income. The link to the articles is below.

The world awaits the US jobs report, due out today. That will point towards the size of the cut the Fed is likely to make to US interest rates. If it is larger and sooner than previously thought, USD will weaken further and the value of THB will rise. Markets are currently factoring a bigger rate cut sooner.

I have never traded FOREX in my life.

Also from the OP: "THB is a very small boutique currency that represents less than 0.5% of daily FOREX volume, consequently, it doesn’t take much volume to change its value." Do you have a point you wish to make or not?