Mike Lister

Catheter guided balloon to open blocked arteries.

I've removed a series of off topic posts. If you don't mind I'm going to reclaim the thread that I started, the purpose of which and the title of are, investing, not what's wrong with Thailand, not visa's nor any of the other unrelated topics that were being discussed. Please stay on topic and don't wander. If you want to talk about those things, start a thread for that purpose.

Off topic post removed A racist post removed also! A baiting post removed

Off topic post removed. This thread is about investing and investments.

Off topic post removed.

Personally I think the rules are crystal, but day to day execution, adherence and enforcement of them is another subject: TIN required within 60 days of reaching assessable income. Tax return required if assessable income levels reached, regardless if no tax to pay.

It's a national sport, they won silver at the 2006 and 2016 Olympics.

Nope! But you can use a tax return as proof of your address to open a bank account....I did.

I believe that the tax paid on your dividend income in the US could be used to offset your tax liabilities in Thailand (assuming the DTA is invoked), which, when you consider your TEDA, should leave you in a good place. I also understand that US Capital gains remitted to Thailand, in a year when you are not tax resident here, will be free of Thai tax. The foregoing is certainly true if the CG is realised in a year when you are not Thai resident. I whole heartedly endorse seeing a Thai tax CPA to confirm your needs, people with anything but simple tax needs should consider doing the same thing.

It's not via NY, I believe it comes via Worldpay or Citi IDD.

No, I'm not a US citizen although I did live in the US for 15 years.

The skytrain and BTS (underground) systems are comprehensive, modern and easy to use, they are also inexpensive. Buy a one, two or three day pass (cheap) and just ride around and see everything, their aircon and the Skytrain is all above ground so it's perfect for a first timer. Another good sight seeing tipe is the passenger ferries on the river that runs through the city. Start at one end of the circuit and stay on until the other end, then turn round and do it again, jumping off when ever you want to...stops are frequent. I would avoid tuk tuks and taxi's for the most part, if I were you because there are often too many scams or high charges. There's a million hotels to chose from, depends where you want to be and your price range. 2k to 3k baht will get you a 4 or 5 star with breakfast, you can also spend a lot more or a lot less, depending on your budget. Mostly it depends on the area you want to stay in. Many tourists opt to be in the entertainment areas such as Lower Sukhumvit but don't be afraid to venture outside of there. I personally like Asok which is right at Terminal 21 and is also a major BTS/skytrain interchange point. Furamax at Asok is sensibly priced, in a great location and is a nice hotel. If you visit the bars, you may want to pay for drinks as you go, rather than keep a tab, be aware that buying drinks for the girls can get pricey. Suggest you visit Centralworld at least once and explore the massive shopping complex, the food courts on the top floor are excellent. Enjoy yourself.

Nice effort, helpful.

It gets updated frequently so watch the version/rev numbers, it's been updated over 46 times since we started in January. After my holiday I'm going to rewrite the entire document which by now has grown piecemeal and can be made easier to understand.

This is a Thai forum that has been investigating and debating Thai tax since September last year and has accumulated tens of thousands of posts from thousands of members on the subject ever since. Yours is the first post to ever raise the correct use of acronyms in these discussions. Where ever possible, the discussions have adopted Thai Revenue Department (TRD) terminology on tax and the acronym, DTA, is the TRD's prefered terminology and has been used from the outset. This forum has adopted the term, Thai Revenue Department to distinguish it from members home country (there are over 90 of these) Revenue Departments which often have similar or the same names. Other commonly used TRD prefered acronyms include PIT and TEDA, both of which are in common use here. The acronym TCPA is intended to distinguish between a Thai tax expert who is a CPA and a CPA from any other country, who may not understand anything about Thai tax matters. https://www.rd.go.th/english/21973.html#:~:text=The focus of a DTA,taxed in the source country.

I've removed a post that gave incomplete and incorrect tax advice that was incorrect and very misleading, along with a valid response that quoted that post. The post stated that, "Pensions (except for government pensions paid to Thai citizens) are not taxable in Thailand", which of course they may be, based on their origin and type. As a general rule, government pensions are not taxable when remitted to Thailand but most other types are, depending on what is said in the relevant DTA. Private pensions, company pensions and even the UK State Pension, are all taxable here. This rule also varies from country to country hence it is not possible to make a single statement on this, that applies to all people.

Both those terms, DTA and TRD are defined on the first page, in accordance with standard writing conventions globally, which states that all acronyms are defined, the first time they are used. You say you "eventually" found out where the terms were defined. I don't understand how anyone could fail to understand what they are, as long as they started reading from the beginning and didn't skip read.

An "either or" account.

No, my SSc is direct deposit to Bangkok Bank Chiang Mai, there are no withdrawal restrictions.

A vulgar racist post has been removed, along with a reasonable response to it. This is a news forum, not the Pub!

Ah, yes,...things have been hectic for a few days and I'm getting ready to go away on vacation for two weeks.....sorry! The 2024 forms don't appear to have been released yet, at least the TRD web sites haven't been updated with them, as far as I can see. I'm down in Bangkok next week, I'll swing by TRD HQ and tell them to get their act together. I'll also mention it to the Director General when we lunch together, assuming I bump into him in Burger King. 🙂

It's all there:

You can disregard your services pension which is excluded under the DTA. Technically, even though your assessable income exceeds the threshold, you should file a return, even though there is not tax to pay. The fine however for doing that is only 2k bhat which doesn't seem to be imposed on many people, if any at all. If you have any further questions, please raise them in the thread below. This thread is now closed //

One suggestion I do have is to PM IanGuyGill who is connected to Bangkok Bank at a senior level and has been a good friend of the forum in the past. Ian has been instrumental in helping many many members resolve Bangkok Bank related account problems. @ianguygil

I receive US SSc direct to Bangkok Bank and there are no restrictions for me and I make transfers every month. I have read that there are certain types of accounts at BB where US SSc payments can only be transacted over the counter but I can't remember why. It's an anti-fraud measure of some type. I'm sorry I can't be more helpful, perhaps others can add some more words to what I tried to describe.