jbaldwin

My understanding is that all Thai limited companies are required to with an annual general meeting of shareholders and that accounts most be tabled at that meeting

Difficult if you are not fluent in Thai.

Last week, we moved part of our condo's sinking fund into 36 month fixed deposit at SCB paying 3.6% - but the minimum deposit is 1,000,000 baht.

Saga insurance has no upper age limit and will provide cover for trips of up to 90 days. I have found this much cheaper than other insurers for my mother who is 81.

No. You are not required to have travel insurance to visit Thailand.

No......but if the meter is registered in a company name then it's possible that the electricity company has incorrectly assumed that it is a commercial property and billed you incorrectly.

Water in condo units is normal billed by the condo, based on readings taken by condo staff. The condo will normal have a single account with the water company and pay a single bill. Our condo charges 35 baht/unit.

For electricity it is normal for each unit to have its own electricity company meter, read and billed by electricity company.

There should be no difference between the cost in company name or foreign ownership. However there are different rates for commercial and residential properties. If your condo is owned by a company it is very important that you check that the account is set up as a residential property or you will pay to much.

In our condo each unit is billed separately by the electricity company but the management office pays all the bills automatically and invoices that individual owners. The amount per unit depends on the number of units used per month - the first 150 units are charged at it a reduced rate. Last month my bill was 1,320 baht, which was 315 units at 4.19 baht/unit.

Siam Commercial Bank currently has:

5 month - 2.85% (minimum 200,000 baht)

13 month - 3.2% ( minimum 200,000 baht)

36 month - 3.6% (minimum 1,000,000 baht)

Yes. It's four buildings, 144 units in total, all overlooking a pool and large garden area.

The fees have remained at 300baht/sqm/year since the condo was completed 9 years ago. The early payment discount was doubled to 10% two years ago.

Our condo its 300 baht/square meter/per year, with a 10% discount if you pay in full before end of the previous year.

Cable tv is 400 baht per month or 1,800 for one year paid in advance.

The ASEAN secretariat employs approximately 1% of the number of staff as the EU commission. They are not really pretending too hard to be like the EU.

You are asking about change that are expected to be put in place in 2015. The detail have not yet been agreed.

There is a commitment to introduce free movement of skilled labour but as far as a know not free movement of all citizens. Details of what skilled labour is has not yet been agreed

Ok. This is the same situation that we were in originally. When the developer ceased to act as the management company they provided some papers with numbers on them that they claimed were accounts.....but this was before the condo act was changed to require an audit. It was clear that there was no way with the information provided to the committee, we could verify that the amount of cash handed over was reasonable. There was no reason to believe that the developer was dishonest so we decided to just accept there figures. The most important thing was to ensure that in future the Committee controlled the accounting so we could not be in this situation again.

There was a list of all passwords. Three copy were produced and placed in sealed envelopes. One was held by the management company, one was keep in the safe in the management office and the third was held by the Committee chairman.

What the exiting management company has to do largely depends on what was written into your contract with them.

I am on the Committee of a condo, which now has no management company. One of the key thing we decided when we appointed the last management company was the all accounting records would stay in the management office. The computerized accounting system was our data on our computers run on our software package. This was not negotiable and we would not have engaged a management company who did not agree to this. It was written into the contract with the management company that all accounting records were our property. When the management company left there was no handover of any accounting records. The management company staff left and all the accounting records remained in the management office where that always were.

I booked bangkok to Clark in June today for 2,700 baht and returning cebu to bangkok for 3,000 peso

Time to replace my 7 year old Nokia. Just want to call and text. No camera, Internet need. I use a pre-paid SIM (true inter). Any recommendation?

try this company- excellent safety record

and comfortable buses. They leave from Sukhumvit near junction with pattaya Klang

http://www.nakhonchaiair.com/index.php

Yes. I have used Nakhonchair before but they seem to only have services to Ciang Mai, Mae Sai and Ubon Ratchathani. I do not think any of these go though Khon Kaen. i guess a need a bus going to Udon Thani or Nong Khai.

Can anyone give information about buses from Pattaya to Khon Kaen - which companies? departure point? time of journey?

Fair comment. I did mean Thailand. BKK more specifically. Lets say a concrete condo built in approx 1990...

to be more specific let's say "concrete condos" do not exist. most buildings in Asia are constructed with concrete skeleton (pillars and floors), for outside and inside walls a variety of bricks is used. maintained properly and technical feature upgraded they could last a century or much longer. evidence are buildings in Europe which are several centuries old.

Portland cement, which was the first concrete, was only invented in 1824. Your so-called "evidence" of European buildings which are several centuries old were not constructed out of concrete. In concrete terms, this means that your 100-year argument is more full of holes than a breeze block.

The Coliseum was mainly contructed of concrete. I think that was built before 1824.

No bank would grant a mortgage on a condo unit if its 20-40 years was a realistic estimate of useful life.

You need to get some accurate advice, trasfering funds to the developer will (I believe) eliminate your ability to obtain an FET later. Also, look at the tax side of things, income earned in the current year that is remitted to Thailand in the same year, is (I believe) liable to income tax.

Even if working outside Thailand for a non Thai company? Find that hard to believe?

The statement is true if you are resident for tax purposes in Thailand (ie were in Thailand for 180 days or more in the year in question) but is not true if you were not resident.

In any case you can deduct any tax already paid in Indonesia from the amount due in Thailand.

Does ASEAN have double taxation agreements?

ASEAN does not have double tax agreements but Thailand has bilateral agreements with 5 ASEAN member states: Singapore, Malaysia, Philippines, Indonesia and Vietnam.

You need to get some accurate advice, trasfering funds to the developer will (I believe) eliminate your ability to obtain an FET later. Also, look at the tax side of things, income earned in the current year that is remitted to Thailand in the same year, is (I believe) liable to income tax.

Even if working outside Thailand for a non Thai company? Find that hard to believe?

The statement is true if you are resident for tax purposes in Thailand (ie were in Thailand for 180 days or more in the year in question) but is not true if you were not resident.

In any case you can deduct any tax already paid in Indonesia from the amount due in Thailand.

If I buy a condo for less than the land office valuation, how much do I have to show that I have transferred form overseas? The amount on the contract or valuation?

Interesting. I googled King Power Credit Card and that only article I found was a link to this thread in Thai Visa.

Inactivity fees generally only apply to savings accounts it they have a balance of less than 5,000 baht.

I beleive the bank account always remain the property of the account holder or heirs. Nobody get the money and a claim can be made at any time in the future.

This also used to be the case in the UK until the law was changed in 2008. Now money in an account that had been dormant for 15 years can be seized by the state.

Depending on the age, number of floors and total area of the condo - you might have a legal requirement to have an annual safety inspection.

The Condo that I am a Committee member of has had to do this for the last two years. An approved independent inspection company carry out the inspection and their report plus your proposals on any point raised must be submitted to Pattaya City Hall by 31 December each year. This inspection will include a check of the fire alarm system. Our condo uses a firm of Thepasit Road. I can find the name and contact details if that would be helpful. Even if you are not required to have a insepction carried out, one of the companies that carried out this work would be a good starting point.

I hope the falang who has become the JPM know that this is considered "work" and a work perimt is required.