Unknown1

In that case Somchai tells you how terribly sorry he is, but mai dai krab.

This is useful. Basically there is a new regulatory requirement now, forcing every foreigner to provide a proof of address from "home country". Thai banks are hitting new lows. So predictable.

🤣🤣 I received the similar one. They've reduced limits for transfers and scans to the same insulting 50k as they made it for the card. That makes this account basically useless. Now they want me to beg them for a chance to use my money and only one begging per month is allowed. Seriously?! Or am I supposed to do crazy stuff literally every month just in hope they will let me use my money?!

Received the same notification. Spending limit is 50k/day, before it was 500k (that I'd call low anyway). That's a total farce. In 2.5 years I've transferred around 25 million THB there and spent nearly all of them, there were many dozens of 100k+ transactions. Has anyone tried to do anything about this? Also I'm curious about their "Wisdom" premium package. I suppose there should not be such a problem. Is it possible to get it for a foreigner with Elite visa?

The lawyer from RD told me that 40.4 is for Thai stocks only. For income from trading US I need section 40.8 (this one should be filled in the middle of the year too!). I've heard a lot of nonsense from them and nothing useful, so I won't be surprised if this advice is no different. But for me it's unclear too.

Yes, my opinion is kinda same. But chance to get audited is not so low. Total transferred amount is few hundred thousand usd and I was asking RD about that, so they probably remember me. I'm curious about possible penalties if RD has different opinion (fifo vs lifo). Because the correct method isn't written anywhere, isn't it? Even when I asked their lawyer, she couldn't answer and said something like "I should know myself (?!) where is the capital and the income". To be honest I think that any confrontation with them is lose-lose situation with high risks. I'm thinking about pay now and try to clarify it later (deadline is 9th April, so no time now). Can I request a refund later if I believe that tax was paid by mistake? They probably won't return it unless proper documentation is provided. This looks like a "safe" decision.

Hello, Mike! Sorry for a little off-topic but another thread is closed. Here you write that under old law it was very clear how to separate initial capital and income. But what exactly is clear there? My situation is very similar. I had initial capital on US brokerage account on Jan 1 2023 and made more income in 2023. Let's say I had 100k initially, made 50k income and transferred 30k into Thailand from this account. Should I pay anything or not for 2023? I've had several conversations about that and each one only makes me more confused. For example the last lawyer said something about pay tax on that amount with 0.5% rate?! And a lot of complete nonsense from others. I feel like they have no idea what to answer really.