
Startmeup
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How hard is it to re-sell cars in Thailand?
Startmeup replied to Startmeup's topic in Thailand Motor Discussion
Not really. In the two places I mentioned in my opening post, you can all but guarentee that you would sell your car, if it is a genuine car and is priced 5-10% below the midpoint of most of whats available on the market similar spec Everyman and his dog here seems to want a Hilux/Ranger/Isuzu for whatever reason, practicality/safety/work, I dont know. I have no idea how you could sell one of those on without something to set it apart and that is likely being a huge discount compared to new price. Im thinking it's something to do with borrowing structures the reason why people are hell bent on something brand new? Is it difficult to get finance when buying from a private owner as opposed to buying from a dealer. Also lower loan rates when buying new compared to used? This is not possible now? -
I love my cars. Im Trying to grasp the market here in Thailand. In the UK/Aus if you buy a new car you know your very likely going to be able to sell that car on at any stage really of ownership (outside times of recession) at the going market rate or price it more keenly if you want it gone quickly. Unless it's a very rare/expensive car then it might be more patchy. In UK if the car is one you're really interested in you would likely be willing to travel anywhere in the country to see it. In Australia given its size, not so much but also possible if it's a rare car. It's also possible to get an independent inspection done instead of travelling yourself or if it's in a dealership with what you deem as a good reputation you might take your chances. In the UK the go to place to sell a car used to be Autotrader and I think it's more pistonheads now. In Australia its carsales. How does the Thai market compare? Is there a go to place where everybody would list their vehicles because its the go to online marketplace? Could you be stuck with a car for a long time not being able to offload it like you might be with a property?
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Paying Tax on Overseas Investments
Startmeup replied to 2009's topic in Jobs, Economy, Banking, Business, Investments
Thailand doesn't turn a blind eye, It just struggles to enforce it. If they could captures those taxes no doubt they would. You can legally accrue capital gains abroad and bring into Thailand if it's not in the year you earned it. My understanding of US sourced dividends is what you describe. In Australia they have whats called Fully Franked dividends where the company has already paid the tax on the earnings and it's not taxed again. In this case there is no withholding taxes on the dividends. -
Fair. Im thinking 70s onwards. The really cool old Japanese types and BMW/Mercs etc
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Paying Tax on Overseas Investments
Startmeup replied to 2009's topic in Jobs, Economy, Banking, Business, Investments
For Thailand its not even just your gains because if you dont bring your gains back into the country in the CY then they won't be taxed. If you read back through the thread I was the first one to bring this up. As in its seems like total nonsense to me too but The poster on here claimed he was audited but had consulted with PWC about the tax laws here prior to that and he explains it in earlier posts that what he was told by PWC was also told the same as he was told during the audit by revenue/immigration. He says it has nothing to do with earning money anywhere it's only the way in which you bring it into the country or in his case keep it in a bank in Singapore. I can only think that what he says he says logically and it must be true if its coming from PWC. Any website I read says something along the lines of "However, any income you earn during the year but leave in a bank account outside of Thailand is not subject to taxes. This means, if you make money abroad and don’t want to pay income taxes on it in Thailand, you must leave the money in a foreign bank account and send it to Thailand during the next calendar year. " "If you’re a tax-resident, your foreign income will be taxed when you bring it into Thailand in the same calendar year. For example, if you make money abroad in 2021 and bring it into Thailand in the same year, you must pay taxes on this foreign income. On the other hand, if you bring it into Thailand in 2022 onward, then it’s not subject to Thailand income tax. " https://www.expatden.com/thailand/thailand-income-tax-for-foreigners/ -
Paying Tax on Overseas Investments
Startmeup replied to 2009's topic in Jobs, Economy, Banking, Business, Investments
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Paying Tax on Overseas Investments
Startmeup replied to 2009's topic in Jobs, Economy, Banking, Business, Investments
*Deleted post edited out* I found this on this website https://www.thaiembassy.com/faq/do-retirees-pay-income-tax Only income earned inside Thailand shall be subjected to tax during retirement. Therefore, you will not be obliged to pay any taxes for any income you have earned from overseas. Also, personal income taxes are not required for retirees in Thailand. Note that you can’t work in Thailand while on a retirement visa. but then i found this also; https://msnagroup.com/tax-on-monthly-pension-in-thailand/ Clear as mud -
Paying Tax on Overseas Investments
Startmeup replied to 2009's topic in Jobs, Economy, Banking, Business, Investments
Tax how and for who? Taxation depends on your tax residency/if there is tax treaties in place etc so your tax situation could be different to everyone else but there is probably withholdings taxes on dividends in US? -
Paying Tax on Overseas Investments
Startmeup replied to 2009's topic in Jobs, Economy, Banking, Business, Investments
I think I highlighted the nonsensical-ness you talk about. It doesn't matter if you invested $100k and lost 50% or gained 50%, if you then go ahead and transfer that sum of money into your "dedicated Thai bank account (which isn't even in Thailand)' after you already have lodged something into that account that calendar year then you are taxable on the full amount. It has nothing to do with making any gains and everything to do with lodging money at any given time of year. Still makes zero sense to me now but that's what PCW say so who are we to argue? -
Nope, all the brainwashed idiots have made their minds up and know everything about Tate from reading a few headlines in the newspapers and a few 60 second mashed up clips to show them what they are to believe. Bite down my little minions and swallow hard. These people I present to you is the true scourge of our society and the reason why the world is in such organised chaos. It started with Assange and now here we are. All falsely imprisoned. Add Tommy Robinson to that list too.
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Paying Tax on Overseas Investments
Startmeup replied to 2009's topic in Jobs, Economy, Banking, Business, Investments
Got my Tax ID with thanks to the information provided by the good folks on here and with thanks to my Thai friend who without I likely would not have gotten past the language barrier or been looked upon so kindly. -
ThaiPost airmail letter postal rates and stamp pictures online?
Startmeup replied to WaveHunter's topic in General Topics
Is Thaipost the best international post option from Thailand? I see they do post to Australia but How can I see what all those different options mean? -
Unfortunately not
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None of us would be here today if it wasn't for red meat. Of course processed meat is totally different to proper meat. The real harm in the diet comes from Sugar Seed oils Over consumption of carbohydrates/processed food/calories Chemicals Red meat is one of the most bioavailable sources of nutrition you can eat. Organ meats trumps that again. Ditch your multivitamin and eat the most nutrient dense food on the planet - a small portion of grass fed beef liver every day.
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Xmax Nmax PCX ADV ….. FML
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Tesla stock has plummeted since Elon Musk took over Twitter. Here's why.
Startmeup replied to Scott's topic in World News
Nah "Tesla shelves plan to build second assembly line at Shanghai Gigafactory amid weak demand for premium electric vehicles in China" https://www.scmp.com/business/china-business/article/3208064/tesla-shelves-plan-build-second-assembly-line-shanghai-gigafactory-amid-weak-demand-premium-electric?utm_term=Autofeed&utm_medium=Social&utm_content=article&utm_source=Twitter#Echobox=1674723786 -
Pesticide laced 'Pot Noodles' recalled and banned by Thai FDA
Startmeup replied to webfact's topic in Thailand News
I have to believe, naively or not, that there are farms in Thailand that try to uphold the standards. Maybe this is one. https://kingorganicth.com/?page=vision Vision Our vision is to provide healthy, high quality farm and food products that meet all international standards in an environmentally friendly manner. Mission Our mission is to promote organic agriculture as well as R&D for agricultural products to provide clean, chemical-free food that are safe for consumption and friendly to the environment. -
Pesticide laced 'Pot Noodles' recalled and banned by Thai FDA
Startmeup replied to webfact's topic in Thailand News
Like I mentioned, you can't paint organic label here with the organic labels elsewhere but I dont doubt what you say in regards to Thailand. It's the wild west really isn't it. The manpower is not available to ensure compliance in any industry. Best bet is to befriend some farmers who you can trust. Maybe befriend a WOOF type farmer where it's a westerner bringing skill from home country to establish a local farm here. I dont really eat vegtables so it's not something I worry about a great deal. I think indigenous fruit that grow everywhere would have less chemicals used for production? Mango Mangosteen Pineapple Rambutan Bananas Coconut -
Pesticide laced 'Pot Noodles' recalled and banned by Thai FDA
Startmeup replied to webfact's topic in Thailand News
Before trying what? -
Ok thanks. The ones on lazada are imported too, Life Extension/Swanson
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Pesticide laced 'Pot Noodles' recalled and banned by Thai FDA
Startmeup replied to webfact's topic in Thailand News
This product didn't mange to slip through the cracks. I didn't see any punishment being dished out or even name and shamed. You can take it for granted that many things you eat in Thailand is laced with chemicals. That seems a given? Whether that's the fruit/vegtables you eat from the supermarket or eating food from the side of the road that is getting laced with contaminants from vehicles. Or most common of all Food that gets cooked over and over again in the same poisonous seed oils. I love Thai food but saying it's healthy is not true in my opinion. Maybe it was 50 years ago. Will a farmer in rural Thailand who is often on the bread line throw away a crop if they found an issues that is non evident to a normal person? Do you think a farmer would not choose chemicals to help get bigger crop yields? They have eaten it themselves and they are still alive so it must be safe. Do you think there is strict testing of farmers produce in Thailand? I am trying to source my food carefully but am aware that even buying organic in Thailand very likely has a totally different meaning to buying organic in Australia or elsewhere with higher regulations (for the most part). Maybe im wrong, I hope I am. It's just a totally different mentality over here. Its expensive to try to eat healthy in Thailand. -
Has anybody got an experience with this?