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Posts posted by ukrules
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I popped into my bank, updated the address from Thai to English and had them print me out a fresh statement to prove my address.
I used it for a proof of address when opening a Bitcoin exchange account overseas, specifically in the US and others.
In fact I opened a whole bunch of exchange accounts while I had the fresh bank letter.
Kasikorn.
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What does this mean then?
A big crash in the housing market and the end of a few banks or a massive government bailout.
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This is why I keep a UK sim active and I've been living in various other places for decades - it just works.
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6 hours ago, Mike Lister said:
a withholding tax of 15% is levied on all proceeds which can be offset against the PIT
The withholding tax of 15% was never implemented and rescinded, no exchanges in Thailand charge a withholding tax.
https://support.bitkub.com/en/support/solutions/articles/151000033321-cryptocurrency-tax-and-frequently-asked-questionsI'm still digging around on the capital gains thing, Sherrings is out of date on this subject.
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I've been searching for clarification on these tax rules and asked a few AIs where I have paid accounts for, the new Grok on X.com came up with this little gem
I'm not sure how accurate it is but this needs investigating as we approach what could be the largest bull run so far.
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On 12/12/2023 at 9:30 PM, advancebooking said:
I think 15% is not so bad. It means your money is legit. You are paying your taxes in this country. Your tax records are all ok. Your money in your thai account is legal. no red flags. 15% is a no brainer.
If you sell it on an exchange in your own country, for example, oz..... then use your Wise app to convert into thai and spend that way here, you will still have tax issues in your home country. And I think it will be a lot higher than 15%
Can you keep us updated bc it affects us all. I asked my accountant and she said dont report it blah blah. She is clueless I think
I heard that the 15% capital gains tax is in addition to personal income tax which will be applied to whatever is left after paying the 15% capital gains tax.
It's an extra tax.
I know this is not the way capital gains tax works elsewhere in the world but this is what I heard.
I would like to consult an accountant who can provide me with absolutely 100% correct and current rules so that I can avoid paying any tax and I'm prepared to go to some lengths to do this as it's a large amount and it won't happen until 2025 at the earliest so I have plenty of time to plan a move out of the country to one or more other jurisdictions so I am not tax resident anywhere in either 2025 or 2026.
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Messaging 'gateways' need configuring on your phone - they should have done this in the shop when you bought it.
Easiest way is to visit one of their shops and get them to put the settings in.
If you want to send photos via message there's a setting for that as well - no idea how it works but it is specific to each network. 100% on this by the way - if it's not done then it won't work either properly or at all but for me in the past it only affected MMS messages when changing provider.
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3 hours ago, happydreamer said:
Yes. Back home I'd need to be pulling in over a half mil to be taxed at the same rate
Half a million in what?
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I set it to 22 C, turn it on an hour before I go to bed and then leave it on for the entire time I'm asleep which is usually between 6 and 8 hours.
I use a duvet to keep warm but I like my head cold. In a way I'm recreating the same environment I was used to in Europe.
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And here we go....
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@Mike Lister I got a bank loan from a foreign bank and paid into a foreign bank account this week, I will wire the proceeds of this loan here to live off for some time - lets say until beyond the end of 2024.
Assessable income or not?
Bear in mind that people often remortgage property which is merely a secured loan and use the proceeds to live off or purchase something else - like a second home.
I don't have a TIN and would like to avoid ever getting one, that's another longer story which involves leaving the country for 6 months during a year when I both 'earn' and submit a far larger sum of money.
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Service the Aircons in March and make use of them.
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7 hours ago, BangkokHank said:When I was going through security at the airport in Ho Chi Minh City, I had put all of my VND banknotes into my carry-on backpack. After passing through security, I was stopped by a security officer who said to me, "Show me the cash in your bag."
The odd thing about this is that the money declaration is usually done on the way into the country.
But some countries do have restrictions on the amount of cash you can take out of the country without making a declaration, maybe this is what they were checking for.
Regardless of this - is it a customs/excise officers job to do this or a simple security guard at a scanner?
It's odd because their job is to check for weapons and other items not allowed to be taken 'airside'.The cash sniffing dogs are very real in the UK, if you get caught with even just a few thousand without proof of withdrawal they can seize it - you will get it back eventually if you can prove withdrawal from a bank, etc. The lesson to learn is to keep receipts from any withdrawals and you're good.
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20 minutes ago, webfact said:This strategic investment comes at a crucial time for Boeing, offering a much-needed boost following a recent accident on an Alaska Airlines flight that left the company under intense scrutiny.
Indeed, they are under massive scrutiny for bery good reasons. The Alaska incident is just the tip of the iceberg here.
They have some serious problems at that company. I don't know how such a company can go from producing a solid and sound product for decades to planes literally falling apart because some idiot didn't tighten the bolts correctly - which they also found on many other planes based on what I read.- 3
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7 hours ago, flyingtlger said:
Get Skype, it economical and good quality....
I use it every day, have done for many years
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22 minutes ago, Drumbuie said:
In the absence of an official ID card, a driving licence is accepted photo ID in the UK for all kinds of purposes.
Since a driving licence is very easy to obtain for very considerably less than £1500, the only reason someone would pay that much money is presumably criminal purposes.
They pay for the change of name with proof, it's not about getting a driving license which requires proof of id 🙄
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9 minutes ago, noobexpat said:
I guess when you get to 10m usd why bother investing!
Yes I guess, also he spent his life in finance, I think he'd had enough of it by the time he retired to tell the truth.
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2 hours ago, noobexpat said:
100m baht by mid to late 50's. Thats my fat wallet.
20 years after that it should quadruple using about 7.3% pa.
Hence my time-value point above.
My 'retirement target' is a kind of moving thing, but a few years ago I reckoned I could pretty much do anything for the rest of my life on about $2m, but more would be welcome and 100-150m Baht seems very reasonable for a worry free life in a nice house or two with plenty of room for more investment income than most people dream about earning during their working life.
I'll do it as well. Settling for 7.3% pa is very conservative - there's plenty of room for a little more risk with some percentage of your funds - all depends on how you invest it of course.
I know a guy with about $10m and it's all in US treasuries 🙄
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On 2/9/2024 at 5:05 PM, Pungdo said:
There are actually 5 variants now of Dengue Fever not 4, and as previously stated you only have immunity to the variations you've had, I've had it twice, the 2nd one wasn't anywhere near as bad as the first which was horrific, and I got a full understanding as to why it is referred to as Break Bone disease. 🥴
Interesting, did you undergo antibody testing for all variants?
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On 2/9/2024 at 9:46 AM, mfinasi said:
If you had dengue twice some years ago is it worth getting the vaccine?
I heard it gets you hardest when you've had it before, even if you didn't realise that you've had it before - which is a thing.
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4 hours ago, smedly said:
pay up or hold an election
Can't the parties just make a new coalition and form a new government.
If all the coalition partners support this scheme (and I don't belive they do) then they continue as they are.
The clocks ticking on this delicate coalition. What is it - 9 separate parties - it was doomed from the outset in my opinion - too many different parties.
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What about abused prescription only drugs like Opiates?
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2 hours ago, Yuri52 said:
So when I go on my bank app I saw k was -5000
-5000 - so you somehow became overdrawn - that's a negative balance right?
News of Hua Hin’s “decline” greatly exaggerated. Here’s why.
in Hua Hin and Cha-Am News
Posted
What do you mean by this?
Also, where would you say the 'town' is in Hua Hin?
To me Hua Hin doesn't seem to have any real kind of town center where people go, it's just spread out a bit too much for that.