ukrules

It wasn't an error, it was deliberate. We just don't know why they chose to do it

Apparently it's not technically legal to buy Bitcoin and use it for a foreign currency transaction so I guess you can't do that either

I know there's a Kasikorn Bank in Cambodia and they have a branch at "67-69, Preah Monivong Boulevard, Khan Daun Penh, Phnom Penh" I did a 'Google Earth' search and it came up with this - it sure looks like a regular retail bank : What I'm wondering is if I can access the funds in my Kasikorn savings account at this branch in Phnom Penh so I don't need to carry around a massive wad of cash when I go there to rent an apartment or house in May. Once I'm established down there I'll open up a Cambodian account one way or another but initially it would be nice to have an existing bank that I can use that's Thai. Now I use Kasikorn but it doesn't need to be Kasikorn, as I'm here in Thailand I can easily pop down to the mall and open an account up with any bank in there But I'm specifically looking for a bank that makes things easy for you when you're in Cambodia. Does anyone have any experience using Thai bank accounts while in Cambodia, it's just a basic savings account that I have at the moment. For example, maybe Bangkok bank would be better in this respect or a different account type. I'd love to hear anyone else's experiences whilst in Cambodia about accessing their accounts in Thailand at Thai banks.

If they really want to get rid of this trade they should classify the main ingredient in the 'juices' as a narcotic. Making propylene glycol highly illegal would really make Thailand stand out on the world stage and demonstrate levels of forward thinking, planning and high intelligence rarely seen in the world. 😁

I believe this process is called a settlement.

Oh no, the horror.

24 years of loyal employment then you're out on your ass after 1 day They really do love us don't they.

Correct, from what I've heard and I know someone who became infected with Legionnaires many years ago - it is the water storage systems where it grows in abundance and you breathe it in while it's aerosolised. Probably doesn't sound like a familiar process to most people but it can be? People catch it while taking a shower, you can't help but breathe it in when taking a shower, if it's there then it gets into your lungs. When there's an outbreak they kind of need to find the source, where did these tourists all stay since their arrival, this is not so common that it infects multiple people to make them ill enough to be noticed on a regular basis - so there will likely be a common source for it and an epidemiologist will amost certainly be looking for the source of it.

They've been talking about this for many, many years and nothing ever happens.

This is where an underground gravity fed tank becomes quite useful - it will drip fill over hours. Our tank is full (and underground). Next door who has one of those large round above ground tanks has been empty all week as the pressure is not high enough to reach the top of their tank, so they're leeching off us for now. Plenty of 'water delivery tankers' driving around the streets today - I wonder where they get their supplies from?

Yes, the constant emphasis on 180 days to be liable for PIT by the RD themselves seems to indicate that no tax will be due on remittances but in my opinion and based on the few online seminars I've watched with either tax professionals or RD accountants / representatives you also need to be non resident in the year the profit was realised. So if you sell your some or all of your foreign untaxed assets in 2024 and remit them in 2025 then you probably better be non resident in both 2024 and 2025 just in case, or do it all inside a single year whilst non resident. But I may be wrong on that and you might only need to be non resident in the year the profit is realised - for example - sell 2 million dollars of shares in 2024 whilst being non resident, then dump all that in a new bank account showing no movement and it can be remitted in any subsequent year even if resident (over 180 days) without being taxed as it's savings from a year when you were not resident. Some solid clarification on this is required, until that comes I'm out of her for 6 months a year until I've moved all the untaxed funds I need for the next X years. An example was given in one of the videos where someone might sell a house and not pay any tax on it as it's your primary residence, the country was Canada but many other countries also tax at zero percent the sale of a primary residence. If you sold the property in January 2024, paid zero tax of course as that's completely normal, moved to Thailand in March 2024, sent eh money in April 2024 and remained in Thailand for more than 180 days - then you will be taxed on the difference between 0% and the Thai tax rate, being a house or apartment from a country where these things routinely cost $500k and up will result in a very significant tax bill, if you don't declare it then they may come looking at any point in the future - and that's the problem - people will get caught up in this in the future, perhaps 5 years down the road when they've spent most of it - and the interest and penalties will be massive.

I only intend to move back and forth a bit for this year and perhaps next year unless I get all my foreign business done this year - which is a possibility. I've never been to PH but I've been to Cambodia a number of times and it seems like a good fit, it will do for six and a bit months I think. This change in the rules comes at an unfortunate time for me as I had planned to use the previous year method to make my transfers into Thailand non taxable. In fact I could just stay in Cambodia for 7 months, so long as I only remit into Thailand I suspect that won't be an issue. Maybe I'll get a local account in Cambodia for living expenses which I can wire in from the UK. The end result is the same and I really don't care if I sit here in Hua Hin or in Phnom Penh for half a year, even if I split it into 2 or 3 trips throughout the rest of the year which is a possibility. The importat thing is that if I send say $500k (not the actual amount, just an arbitrary signifcant sum of money) then I don't want to pay personal income tax on that - the money is completely untaxed anywhere else so it would be subject to full income tax if I were resident during the year of liquidation and remittance - which is easy to avoid and I would be regretting it if I didn't make the move now. So I'm moving to avoid all doubt. Even if they reverse this decision I'm out of here for just over 6 months this year and maybe next year as well. Maybe I'll really like it over there....you never know. The decision has been made - I just need to find a nice apartment or house in Phnom Penh which I will secure in a little recon trip coming up soon. My banks think I live in England, that's incorrect but not my problem as I'm not really ever going back. My Elite visa here is all set until 2040 as well.

I watched that, was a complete waste of time. One of the morons in the audience thought he could transfer in as much money as he wanted until he had stayed for 180 days in a given year and taxation only kicked in after he crossed the 180 day threshold and only for money received after the 180 days. What a genius 🙄 Anyway due to personal circumstances over the next couple of years I've decided that I will almost certainly move to Cambodia for just under 6 months of each year as I want to avoid becoming tax resident in Cambodia as well. They have a 182 day rule down there. I'll then take a short holiday somewhere else for a couple of weeks to top up the number of days so I remain non resident anywhere, perhaps Malaysia or Vietnam or maybe I'll even head back over to Europe for a couple of weeks. I do plan to remit a large sum of money during this period and I absolutely must be able to prove without any doubt for 10 years to come that I was non resident when it is 'earned' and remitted or I will get hit with a massive tax bill of millions of Baht so this is well worth it I think. I think I'll pop down to Phnom Penh for a week later this month and rent an apartment or house with the intention of keeping it for about 2 years.

Nonsense, complete and utter fantasy.

No it's not. These payment providers often do AML/KYC stuff and want to know how much your estimated annual transfers will be. If you put too much then they close your account or ask for more details. So it's AML/KYC - nothing to do with any potential tax return you might need to do next year

Yeah they always last for 4 weeks, I bought a new car once and the lazy dealership took more than 4 weeks to submit the registration.....then it became my problem again and I had to get another one. It's pathetic.

How would you know if it's the expensive / good stuff or the cheap nasty version before it breaks?

I wonder what would have happened if it was one of those hated foreigners?

No safety glass there, such incidents are so easily avoided. Note to self - always use some kind of shattering type safety glass in the future.

Local kids have probably been 'playing' in there for years

It's closer to 0% on computer parts.

How come it took them so long to catch this guy? Surely he renewed his passport every 10 years like everyone else?

But vat/duty is much less than income tax

Best to do 1 year without residence I think and liquidate and remit enough assets during this non resident year to last the following 5 to 10 years. I'm going to check this with an acountant prior to leaving for 6.5 months next year.

I'm going to purchase a new computer at some point in the next year, it's going to be a very heavy duty powerful beast of a machine. Now I could wire the money to my bank account here and spend the 250k-300k Baht on the overpriced components from a Thai computer store to build it here or order the lot from Amazon.com in the US which will work out considerably cheaper even with VAT/Duty on the import and put it all on my UK credit card. Lets assume it's 300k Baht in total. Do I declare this foreign spending on a foreign card as income in the form of computer parts? I am going to pay the UK credit card off with UK income and I clear the entire card balance every month. What if next month I decide to buy a Patek Philippe watch over the internet and mail it in? They cost a bit more.