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Jingthing

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Everything posted by Jingthing

  1. I suppose most foreigners are not even aware of the new tax rules and why would sellers tell them?
  2. Consider that someone making a very large transfer that will be subject to the highest tax bracket IF the person is a Thailand tax resident that year will likely be at the top of the file of potential audits if not reported. I think it would crazy to count on non enforcement in such cases.
  3. I guess that depends on the economic impact and power of real estate industry lobbyists, As said for those moving to Thailand there already is that fairly easy loophole of timing your move. Also for wealthy foreigners there is the tax exempt LTR visa.
  4. Well the import money thing is one time on purchase. For expensive condos of course the tax bracket would be high. I think a foreigner can import the money to a Thai to gift the real estate in the Thai's name without import tax but then you don't own it.
  5. He was elected to reshape the country in a worship cult for his insane dictatorship and everyone who opposes that is an enemy of the people. The people being him. I can't believe how many people are so totally fooled by that criminal.
  6. A fun comparison between Bangkok and Tirana. These slow travelers have been most everywhere that any potential expat would ever consider so their regard for Tirana got my attention, I understand the enthusiasm for Bangkok for sure but at my age it's just too crazy busy for my taste. But of course there other choices in both Thailand and Albania. HOWEVER, they reveal some bad news that if true is not at all good. As mentioned before Americans get a visa free full year on entry. But before I thought you could endlessly renew that. Not so fast. They say you need to be out of Albania for 90 days. So to stay more permanently you need to apply for a different status.
  7. Correct me if I'm wrong, but here goes. For a foreigner to buy a Thai condo, she must import the funds from abroad. It is my understanding that if the foreigner is a Thailand tax resident during the year of such large imports, they will be tax liable for that transferred in money (according to the specific sources of the money) if they are a Thai tax resident that year. Yes there is the exclusion of being able to bring in BANKED money up to December 31, 2023 anytime later even if a tax resident without Thai tax consequence, so for those with condo funds like that, of course that would be OK. But assuming going forward, most imported money for condos will not be exempted for that as that kind of money will eventually be drained for most. So given that, it would be rather crazy to be a Thai tax resident during such a purchase year if there is any choice. So people MOVING to Thailand will likely purchase their condos in the second half of the year only, waiting to move to Thailand long enough to NOT be tax resident that year (the 180 day rule). Other people buying at different times may find it wise to be away during that year over 180 days. But it seems to me the new to Thailand buyers would be more predictable, causing a seasonal bulge in demand for the second half of the year. Won't this be a major downer for the condo market segment that caters to foreigners overall if it becomes much more seasonal? Never mind this if transfers to buy condos are exempt already, but if they're not exempt, shouldn't the real estate industry be lobbying to make them exempt?
  8. Not necessarily. It's based on his ORIGINAL visa before annual extensions. It will be either an O or an O-A visa. If O, no insurance needed. If O-A, insurance needed. O is definitely better to the point where many people with O-As have started over with an O.
  9. I would not do that. If your only income here is that pension you have no tax accessible income in Thailand and no need to file. Don't seek out trouble. You probably will want to confirm the exemption of your pension with a Thai tax lawyet knowledge about expat issues.
  10. Yeah Zionists love Jew haters. Let's party!
  11. I assume it's related to the CRS form specifically and nothing to do with bank records independent of the form.
  12. To clarify this, there are two levels. Being required to file even if you'll owe no tax, and being required to file if you do owe. Not everyone is required to file at all. As far as how aggressively they're going to enforce this stuff on foreigners who aren't working or earning money otherwise in Thailand, nobody can say. So I guess it's best to assess your personal situation, which really will be different for each person, and make your own decision about compliance.
  13. My feedback. So they wanted your Danish tax ID. They got your Thai Tax ID too because that's the same as your yellow book. If you're in Thailand more than 180 days a year you're a Thailand tax resident regardless. If your pension is EXEMPTED from taxation in Thailand, you can bring it all to Thailand and none of it is accessible as far as Thai taxation and no need to file here either. To know this, you need to find out the terms of the Denmark Thailand Double Taxation Agreement I seriously doubt the bank would know anything about that. Scratch that, I would bet the house they wouldn't know -- they're not revenue agency, they're a banK! I am not sure if it was correct to use your Denmark address rather than your Thai address as I'm assuming you live in Thailand and are a Thai tax resident here (over 180 days). I don't like the bank making these decisions for people on how to fill out those forms. I DO NOT trust them.
  14. I have a fun question. I intend to file Kbank form even though they didn't email me and I also don't intend to get a TIN as I won't have any Thai accessible income this year. But Iikely will have such income at a later year. So then I will probably get a TIN and file (assuming it's clear by now that Thai Revenue is actually enforcing anything on retired expats with no in Thailand income (it should be clear by then). So then I should go in an update or not bother?
  15. Tell us which visa or extension you're seeking. It depends on that.
  16. Well most likely all Thai banks will eventually follow what Kbank did. Personally I can't exist here without Thai banks.
  17. Thanks for proving once again that Jews are not a monolith. 100 Jews 100 opinions. Without a point by point I think you're being very naive if you actually believe many Palestinians will ever accept the existence of Israel. Palestine River to the sea does mean no Israel. Maybe you support no Israel. That's your right.
  18. I'm also not ashamed to be American. Historically I think an overall positive impact on the world. But clearly we have lost our way putting the autocratic criminal demagogue back in power.
  19. As Harris lost his legacy is trashed anyway so he may as well pardon his son.
  20. You might still need to file and have a TIN but owing no tax.
  21. Well if it's US social security that is exempt and not accessible as far as Thai tax.

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