Mike Lister

Minus Allowances and Deductions allowed under the Thai tax system, minus excluded income. Also, there is a big difference between the Tax Band rate and the effective tax rate which factors in allowances and deductions. You should read the entire thread and some of the links from people such as Sherrings and Mazzars.

His wallet.

Says poster Nick Cage! arf arf.

OP was but it wasn't the OP that asked how much, rental prices will vary as will sales prices. Many units are occupied by owners, only some are available for rent. Rental price is usually determined by sales value. 4-6% of 8.5 mill. is around 28k-42k month, depending on condo size, furnishings and floor, higher floors are more expensive. It's been a few years since I owned there but that range seems about right.

150 sm, 2 bed, about 8.5m. (ish)

Maintenance there is very good, the on-site manageress and her staff are excellent.

I used to be an owner at the 24 floor Floral Condominiums, I love the location and the size of the units (100 or 150 square meters). But the building is not new and the design not modern in the same way that Peaks is. Still worth a look, pool, gym, brilliant location, mix of farang, Japanese, American and Thai...great management. https://www.floralchiangmaicondo.com/

My statement has been substantiated many times over during the past two decades, several times on AN and TVF. Next time you're in your favorite eye glasses shop, look for the certificate of Optometry, if you can't see it, ask them where it is. Also, google Optometrist Thailand, the missing profession.

Only in the dreams of you and the political statistics makers is inflation in Thailand 1%. Over 53% of the Thai economy is grey hence nobody truly knows what the inflation level is but it certainly isn't 1%.

Which is why I wrote that.

In your first two sentences you made eight assumptions that can't be substantiated, it's dangerous, they'll screw it up, they'll attempt to get additional money, they' ll stuff it up, expats will get caught in the net, they wont be able to get out, they risk jail, deportation and lots of expense. Later in your post you make even more! Face it, you don't like Thailand and will find any unsubstantiated excuse to put it down and frighten off expats. Earlier you talked about not wanting to pay tax here but if you live here, or anywhere else, you have an obligation to do so. Do you not see that.

That was a quote from Reaganomics rather than long basic law of economics, In practise, in Thailand, subsidies are a way of supporting the poor and rural population, taxes are something that other people pay. Thailand's tax system has always been supported by the wealthy and by corporates, and of course the tax that everyone pays, VAT.

To be clear, it is the stated objective of the RD to increase the size of the tax netm quite rightly too.

I'm pleased it all worked out well for you and that you're happy with the results et al. Just for information purposes, The Rutnin Eye Hospital in Bangkok is regarded as the premier eye hospital in Thailand and is well regarded almost everywhere, inside and outside Thailand. The combination of their Opthamologists and on site technology makes a visit very reassuring. Dr Roy in particular is very well known, he's US trained and educated. I was quoted a starting price of 120k baht per eye for cataract surgery at Rutnin using a standard IOL, the lens is the variable high cost element in the price. It was explained to me that most complications result from getting too sexy in the choice of lens and that if you don't mind wearing glasses, a standard lens is not only safer but cheaper too. That would work for me because I would always wear dark glasses here plus the UV filter and physical eye protection afforded by sunglasses is important, I think. Bearing in mind that lens replacement is one of the most often performed eye related procedures and that it's frequently performed quickly in less than ideal conditions, the cost of the surgery should be very low. There is in fact a private hospital near me that offers this service, for 22k Baht per eye and many people have spoken highly of the service and the results. So Weatherby, Rutnin or Nakon Nowhere, there's plenty of choices at a wide range of costs.

You need to visit an Optometrist to get an accurate prescription for eye glasses and there aren't that many in Thailand, almost NONE of the eye glass shops employ them......Optometrist is the missing profession in Thailand because so many people think the eye glass shops can do the same thing, for free...they can't.. The Vision Center is owned and operated by a trained Optometrist who has been around for a long time and is highly regarded.

It seems like fluke that they caught him.

There hasn't been any material change to the law regarding wills but without reading the entire thread and knowing what interests you in particular, it's difficult to know what to tell you. The best advice is still to write a separate will, in English, one for each of the countries where you have assets and to name an Executor for each.

The Revenue Code doesn't distinguish between nationalities and set different rules for each of them, it only distinguishes between tax resident and not tax resident based on the number of days spent in Thailand each year. Obtaining Thai citizenship, if you could even get it in the first place, is therefore unlikely to change very much regarding your tax position.

Without knowing your financial situation, your nationality, your age, how much money your transferred into Thailand, from what source or how many days you spent in Thailand this year, I'd say the answer is maybe!

Nobody other than the doom mongers have suggested that would happen, I think there is zero percent chance that it would.

If you want to stop with holding tax on the first 20k of interest, you must give the bank your TIN, at least I had to.

Yes, it's in English, it says INCOME! I'd take a picture of showing the bank app but I only have one phone!!

I did....:))

As I wrote in a post a dozen or so posts later: "I have no control over how those remittances are labelled and I cannot change them, both of my banks, Bangkok and UOB, label them as income. To be clear, these are direct deposits from the UK State Pension and the US SSc." To be even more crystal......Bangkok Bank labels my US SSc and my UK State Pension as Income, UOB meanwhile labels EVERY deposit into the account as income. I don't do WISE. Lastly, I doubt very much that FDI rarely if ever comes by way of simple transfers, it's far more likely to come in the form of BOI transfers, transfers via BOT or corporate transfers.

Question is, are you going to file a tax return and declare it? Because if not, there probably isn't an issue, unless of course it's seriously big money. And if you and you declare it as savings, assuming you even need to do that, the fact the money has been in the account for a very long time should be sufficient to prove it was savings.