
Mike Lister
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Everything posted by Mike Lister
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I agree that Thailand is not taxing worldwide income. However, there is little difference between transferring cash from say the UK to Thailand and having to declare that cash as assessable income, and buying things on a credit card in Thailand using money from the UK and then paying the bill from here in Thailand. In both cases, the funds originate from overseas, and are spent here in Thailand.
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An excellent point from Seryl. An opthamologist in Phuket told me I needed to have my cataracts removed fifteen years ago but I declined. Today, they are still only Stage 2, approaching stage 3.
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Looking for an ophthalmologist trained in retina surgery
Mike Lister replied to Dan747's topic in Health and Medicine
Agreed. I think though that the Bumrungrad option is slightly more expensive than Rutnin, I recall others making the price comparison previously. -
Looking for an ophthalmologist trained in retina surgery
Mike Lister replied to Dan747's topic in Health and Medicine
He's a nice guy too, that helps. -
Would you be living in Thailand for more than 180 days per tax year? Assuming the answer is yes, the answer to your question is yes, it is technically taxable income. The currency that is used and the vehicle by which the funds are imported to be spent in Thailand are irrelevant. Tax residency and the source of those funds are key issues.
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Looking for an ophthalmologist trained in retina surgery
Mike Lister replied to Dan747's topic in Health and Medicine
Dr Roy at the Rutnin Eye Hospital is one of the very best. https://www.rutnin.com/en/home/index.php -
Hey, don't take me to task on this, I'm just giving you info. I imagine that Visa and Mastercard networks probably have global agreements covering cross border transactions and the reporting thereof. I don't understand the end to end settlement process for Visa and MC but the central banks and IBS are in the loop somewhere.
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Well, it's just that if Thailand adopts the same approach as the UK with non-doms, those credit card transaction would represent income that should be declared. This is because it's where the bill is paid from that's the key issue. Not surprisingly, others have been down this same road before and Revenue Departments in various countries are wise to the scam strategy..
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I've not found anything but my lawn is Malay grass, yours isn't so you might find a selective week killer but I'm not hopeful. The best approach I have found is to kill everything within an effected area using roundup and then returf those areas.
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I understand what the western definition is of earned income in tax law but we're in Thailand, not the USA. I suggest you read Sherrings or Mazars https://sherrings.com/personal-income-tax-rates-thailand.html https://www.mazars.co.th/Home/Services/Tax
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There are three levels of cost in Chiang Mai, the government hospital is the cheapest, Nakorn Ping. Next, Suan Doc, the CMU hospital, is cheaper. Then comes Sriphat, the private wing of Suan Doc which is also CMU owned/operated and finally, the private hospitals such as Bangkok Hospital and RAM. Cataract surgery at Bangkok Hospital is circa 120k per eye, at Sriphat it's around 80k, at Suan Doc it's around 40k and at a government hospital it's around 12k per eye but involves a long wait and no control over the opthamologist.
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Read the second para down in the link below and the Thai definition of Income, which may well nit be the same as the US version, oddly enough! https://sherrings.com/personal-tax-deductions-allowances-thailand.html
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Earned income is a category, not a single item where money is earned through employment.
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As far as the tax return is concerned, pensions are in the same category, See section A of the tax return linked below
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Not necessarily, in fact, many people will not qualify because it has to be assessable income, not just money that is remitted here. US SSc recipients for example can receive far in excess of the threshold but since that income is excluded by treaty, it is not assessable.
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Foreigners who order spicy dishes but modify them to be not spicy.
Mike Lister replied to Everyman's topic in Thai Food
It's like being a little bit dead, there's no such thing, food is either spicy or it's as bland as a rock. -
Because I feel sorry for you and now realise you don't have the ability or wherewithal to use google, here are the links you desperately wanted, if only you had told me! "All persons earning income are required to file a tax return no later than 31 March of the following year for hardcopy filing and 8 April for online filing, except for individuals whose income from employment is THB 120,000 or less (for single persons) or THB 220,000 or less (for married persons) and in the case of having income from other sources (with or without employment income) of THB 60,000 or less (for single persons) or THB 120,000 or less (for married persons)". https://taxsummaries.pwc.com/thailand/individual/tax-administration If you stay in Thailand for the total of at least 180 days in the tax year, you are considered a “resident of Thailand” for tax purposes. You have to file a return on the income that you received if you meet one of the following conditions: (1) Your total income exceeded 120,000 baht in the tax year. https://www.rd.go.th/fileadmin/download/english_form/030265guide91.pdf See number 5 in folllowng link https://magnacarta.co.th/home/faq-section-2/new-personal-income-tax-structure/ Goodbye.
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Buy half a dozen glue trays, designed to capture and kill rats, spread them around, close up the attic and replace the trays in three months. Highly effective. Also make sure no tree branches overhang the roof and stick wire mesh into the down spounts of rain water gutters.
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Up to THB 20,000 per year, after which they will deduct 15%
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That was me, in this life and in previous lives also. The answer was not 0.01%, the correct answer was worst case, in total, 4% of GDP or about USD 26 bill.
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Take a look at this.
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