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CharlieKo
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Posts posted by CharlieKo
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1 hour ago, DD86 said:
I thought that exise and/or import taxes were subject to lowering according to rescent information. Yeah, after they raised the prices first maybe?
'100 Pipers' used to be 695 Baht per liter and then after being absent for a number of days there it was back in stock again.
But hey, 835 Baht? That is a brutal price raise of 20%. Oh, my $$.
Benmore and Bell's have already been out of stock for weeks. Wonder with what price raise those will come back.
Being a good conspiracy theorist, I guess there's more to this. But as with any conspiracy, uncertainty is the main issue.
What say you?
Probably more to do with exchange rates.
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Actually I think your post is very confusing! Even for a retirement visa you would need to show you have funds in a Thai bank. If by chance you did get another re-entry permit it would be valid for all of 2 days, up to the 28th when your Non-O visa expires.
If you are married why not just apply for a Non-O based on marriage you just need 400,000 in a Thai bank two months prior to applying for it.
Read this, from The Thai embassy website.
https://www.thaiembassy.com/thailand-visa/retirement-visa
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12 minutes ago, rudi49jr said:
Expect Trump to start covering his @ss months before the November election, just like he did in 2016 and even more so in 2020:“If I don’t win, the election will be rigged!”
“Massive voter fraud!”
“Hugo Chavez will interfere from his grave!”
“The Chinese did it!”
Every excuse in the book, and then some, will be used, and his mindless MAGA base will eat it up and probably storm the Capitol again, or even start another civil war.
Lets forget about the Russia Russia hoax the Democrats perpetrated!
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7 hours ago, The Cyclist said:What would I know, I'm not American.
For which you should be eternally grateful!
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1 hour ago, Pouatchee said:
My family is estranged. I dont want them to know if i pass. Personal reasons...
If you are worried that your estranged family might try to get their hands on your estate here in Thailand. Make sure you have a will leaving everything to your wife.
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17 minutes ago, John Drake said:
Do hospitals do so? What if someone dies in a hospital. Do doctors inform the embassy?
The hospital inform the police, who inform the embassy.
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4 hours ago, NanLaew said:
Yup, ALL my money's going into my wife's account.
When she gets assessed for income tax, I'll cut her a check.
Sorted.
I'm wondering if This is a loophole! If giving your wife these funds as a gift, would this negate having to pay income tax. As long as it's not more than 10,000,000 BHT it is free of any tax. There is no minimum. It's probably a long shot.
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2 minutes ago, Mike Lister said:
This is an excellent point to which I can't immediately see an obvious answer, it seems too easy to simply say, take a break and remit funds and all will be well.
From an earlier post which I edited:-
If you mean sending fund to Thailand while not in the country? you may have found a loophole or it doesn't apply as you have the benefit of using those funds when you are here, So a possible tax event. You would need to seek advice from an accountant on that one to be sure. Also if you paid tax on those funds in your home country. Then you wouldn't be liable for tax here if your country had a DTA with Thailand.
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5 minutes ago, MistyBlue said:
Thanks. I fully agree with you. My post was discussing funds remitted under a specific scenario.
If you are not in the country for more than 180 days in any tax year. You are not liable for Thai taxes. Spend 181 days or more here in any one tax year then you are liable.
If you mean sending fund to Thailand while not in the country? you may have found a loophole or it doesn't apply as you have the benefit of using those funds when you are here, So a possible tax event. You would need to seek advice from an accountant on that one to be sure. Also if you paid tax on those funds in your home country. Then you wouldn't be liable for tax here if your country had a DTA with Thailand.
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1 minute ago, Mike Lister said:
How do you think I feel. :))
You may have made a rod for your own back. LOL.
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14 minutes ago, MistyBlue said:
This seems an appropriate thread to raise discussion on the following scenario.
Looking in to the future, say one is a Thai tax resident for 2024 and 2025 but remit none of the income made overseas. In 2026 go traveling and only stay in Thailand for 5 months (under 180 days) and in that year remit the overseas income for 2024 and 2025, no return needed in 2026 as not tax resident for that year. Then in 2027 stay more than 180 days and become tax resident again, the unknown (to me) is whether there would there be a liability for past income remitted into the country that was made when one was a tax resident.
I raise this because all the information I've found so far discusses income made and remitted when resident, but not income made when resident but remitted when non-resident.
Maybe one to watch unfold in the future...
I'm sure some one will correct me if I'm wrong. But only funds remitted to Thailand are taxable. This is not a tax that includes global income. As long as you don't spend more than 180 days in the country in any tax year. Then you are not liable for tax.
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9 minutes ago, Mike Lister said:
The amount is USD 15k max, above which you are required to sign a Customs Declaration, which would be needed if you wanted to deposit it into a bank. And yes, it's income!
It is not income if it is savings.
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12 minutes ago, Mike Lister said:RD rules are very clear regarding the criteria for who must file a tax return and what the earnings threshold is. Just because someone doesn't owe tax, doesn't over ride those rules. I agree it makes no sense to file a nill return, but that's not the point. And the fact lots of. Farmers don't file either, also doesn't over ride the rule. But as also said, as and when the RD makes things more clear, this point may become moot.
I appreciate rules are rules. The point is the RD have enough on their hands getting Thai people to file tax returns. As I am sure farmers not filing tax returns is just the tip of the iceberg. There being many Thai's who earn more than 120K per year who work under the radar!
That is not to excuse anything. It is a shame that the RD haven't come out with clear information about the new tax rules. I think they have their work cut out for themselves, just dealing with Thai nationals.
It may very well be that having submitted a Nil tax return once, we will be informed that we do not need to submit future returns for nil tax due. But until the Thai RD give clear advice on the subject. I personally think it's best not to rush into filing a return. Not to mention that there are probably many expats who do not have a Thai tax number, and may not even be aware of these new rules. The RD would need to contact those they think should be paying taxes.
This isn't about avoiding paying tax. But at the same time I'm not volunteering financial info unless I am asked to by the RD. Besides with the new global reporting of large money transfers, it shouldn't be a problem for the RD to know who should be paying taxes on inbound funds.
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48 minutes ago, Mike Lister said:But you can't do what you've you've done and say my deduction's and allowances mean I wont pay tax so I'll skip the tax filing part.
With respect unless you are an accountant or Lawyer registered here in Thailand, you don't know that for sure!
For one, there are many Thai farmers who earn more than the 120K per year who have never filed a tax return. Even if after deductions they don't have to pay one baht in tax.
Second, I know of a Thai person working for a US company here in Thailand, who was contacted about paying taxes here in Thailand. Once he showed he paid US income tax on his earnings. the RD accepted his situation. NOTE that he was contacted by the RD.
Thirdly, As I no longer have an income, I am not expected to file a tax return in the UK, all I get is the UK state pension. My point being, that I doubt very much that the RD want expats to be filing tax returns when there is no tax due. I don't know how many expats live here in Thailand, but if we say it's about 300,000. That is an awful amount of work the RD have to do for no tax due! Again If HMRC don't want to be bothered with tax returns where no tax is due, Why would the Thai RD be bothered to waste their time doing that? Note that expats working here in Thailand and have a tax id are probably already in the system so this doesn't relate to them, Just expats who have a pension and savings.
I shall wait to be contacted by the RD if they think I must pay tax on my pension. As I think it quite reasonable that if I must pay taxes here in Thailand, That the RD contact me first. I think this is a reasonable approach.
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3 hours ago, ozimoron said:
The earth has not warmed up because of 8 billion people's body temp. It does not stink because they all fart either.
Wait till they come up with a fart tax! It's coming!
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4 hours ago, Lacessit said:
Have you listened to the riff he plays in "Too much love will kill you"? IMO it's up with the best.
One riff doesn't make a great guitarist. He's no Eric Clapton or BB King. He just doesn't rate in this category.
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2 hours ago, Lacessit said:
Brian May
This guy doesn't belong on any list of great guitarists. He's a wanna be at best.
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21 minutes ago, proton said:
So all you have to do is say its a gift or maintenance and transfer into the mrs account up to 20 mil, and you pay no tax? Seems very unlikely.
If you read the RD tax rules you will see this is correct.
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Hardly an A list cast!
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1 hour ago, treetops said:
It could just be kept as a backup for when Wise doesn't work
When has wise not worked? Still the cheapest option around!
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1 hour ago, Woof999 said:Still not sure I'd be happy knowing it was the case in something I intend to stay in for many years though. At least it's not just this builder cutting corners that others don't.
You could just run the cables on the walls, but aesthetically not very nice. Once they have channelled out the bricks for the cables they then cement over the conduit to fix it in place, then the walls are rendered on both sides. I don't think you lose anything structurally.
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Spread the word! More Brits in Thailand can now vote in the UK
in Thailand News
Posted · Edited by CharlieKo
And you really think Reform will do what they promise? Take The illegal migrants for example. The government make a big show of wanting to send them to Rwanda. But may have to listen to the high court to get it through or not. Yet it is well know secret that the high court is controlled by the government. So it's all show. Why else would Julian Assange still be in a high security prison when they could keep him in a normal prison. Waiting for the Yanks to extradite him. Because the government being a good little lapdog follows what the US wants.
Even with taxes, they promise to cut taxes. They give with one hand while taking it back with the other hand. Not to mention they have absolutely ruined the UK with sanctions that no one other than the politicians wanted. Our vote never counts!