Mike Lister

It's misspelled or misspelt, depending on where you come from, but nowhere is it miss spelled, other than perhaps the young lady who works in the coffee shop!

Tax year is 1 Jan to 31 Dec File tax return between 1 Jan and 31 Mar Obtain TIN, register to file tax return online. NO DATA IS PREFILLED ONLINE

Yes, read these two pages. https://sherrings.com/personal-tax-deductions-allowances-thailand.html https://sherrings.com/personal-income-tax-rates-thailand.html

It does, but it's all in Thai.

Your missus is still entitled to the 60K personal care allowance, everyone is.

I've filed returns for the past two years. I receive UK State pension which is potentially taxable and US SSC payments that are excluded by treaty. The amount of tax you have to pay depends not just on the amount but also the source of funds. In my case, I can get to 59, 835 per month tax free. If I want to go to 72,800 per month, it costs me 13,000 in tax which is in the 5% band.

Which is done online and is easy enough to do. The country will probably get to that point one day, or close to, I think.

Both you and your missus are allowed the 60K each, assuming she doesn't file her own return. That's 120k, plus 190k for being alive over age 65, equals 310k. From your 780k income, deduct 150k which is zero rated, leaves 630k to be taxed....I think!

I didn't know what you know and don't know, unlike some posters who know what everyone thinks and believes. It's just that there are posters who seem to think that banks will deduct tax in that way.

Nail, head!

Agreed, ACH for domestic, SWIFT for international.

Er....Tax is not withheld from the transfer at the time it is received by the bank, the process is settled via a tax return at year end.

The 190k is an over 65 year olds deduction that is separate and different from the first 150k of the tax tables which is zero rated for tax, for everyone. A 65+ year old person would be allowed a 60k personal care allowance, plus a 190k over 65 years old deduction, plus any other deductions for which they are eligible, eg health insurance premiums. The net of those things would then give a total which is then put to the tax tables, the first 150k is zero rated, the next 150k is taxed at 5%, and so on.

I will say that won't happen, current law cannot be made retroactive or pre-dated. As long as you comply with the law of the day, all will be well. If that law changes, comply with the law of the day and all will be well.

I had the three shot tetanus series vaccinations last year, a total of 212 baht for everything at the local government hospital.

That link is to a Foreign Currency Deposit account and not to a regular non-resident bank account. No, they are domestic accounts, they are not offshore. Now that I've looked on the internet, I don't see much information regarding their use today but linked below is a write up about them from the law firm, tilleke & gibbons, note the article is quite old. https://www.tilleke.com/insights/banking-thailand-resident-or-non-resident-account/ It might well be that domestic banks in Thailand don't offer that type of account any longer, I don't know for certain. It might also be that the non-resident FCD account replaces the old style account and that would make sense.

Stats are not facts, really! ????

Yes exactly, make the best of the time you have. The realisation that the time may be short has the potential to improve the quality of life, in the final days/weeks/months.

Good question. At 85, definitely not, I'm even debating the merits of having it at age 75 but I don't have all the data yet.

I find the reponses fascinating because the question is being asked at an interesting junction in my life. Some of you may have seen that I posted a few days looking for names a of a surgeon to remove a thyroid. I discovered for the first time last week that I have cancer of the thyroid hence it needs to be removed fairly soon. For me, reflecting on mortality is an interesting debate at this moment but it's clear that many others here haven't really thought about it seriously. And of course, apparently, according to some, I'm either a troll or stupid for doing so! FWIW I'm oddly very relaxed about the whole thing but I have found myself thinking more than usual about the end. One of the things I have reflected on is how I have never known throughout my life, when would be the last time I would see a particular person or do a particular activity, perhaps if I had known those things, I might have done some things differently.

I'm a youngster by comparison, only 75

It sounds like some of you guys have a history here, hence the attitude and the reponses. I on the other hand don't have a history with anyone on the forum but I don't really care for being called stupid or a troll, just because I have an opinion that some others seem to share! I guess it will take me a while to understand who is worth reading and who I should simply ignore, it seems I'm learning fast in that respect.

It's not unreasonable at all to consider ones own mortality, especially when you reach 70 or so. I'm surprised by some of the responses here, it sounds like the OP struck a nerve, well done for making people think.

Given current times and events? I'm happy to be over 70, seriously happy.

Extremely unlikely, if not impossible! If they were to do that, no foreigner would ever buy real estate here again because they would need to transfer something like 120% of the purchase price, in order to pay the tax first.