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sometimewoodworker

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Everything posted by sometimewoodworker

  1. Friend of a friend, he works for the PEA and is studying for EGAT, has more tools than I do, is available to work on weekends from Nong Kai to south of Khon Kaen, he is capable of repairing house hold appliances. I didn’t bother to find more pics these are enough to show he is competent
  2. It will not be taxed by the bank. you will have to decide if it is assessable for Thai tax and if so file a tax return and pay tax if you decide it isn’t assessable then no tax return no tax to pay. the only tax banks deduct and pay to the TRD is on interest payments in Thailand
  3. Double Tax Agreement Double Tax Agreement/Double Tax Convention (UK/THAILAND DOUBLE TAXATION CONVENTION SIGNED 18 FEBRUARY 1981) (THE CONVENTION BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE KINGDOM OF THAILAND FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME, SIGNED AT BANGKOK, NOVEMBER 26, 1996)
  4. No it is not. The 3, 4 or many grounding rods can be enough for some unpleasant surprises. Those surprises can kill animals. However there is a reasonable cure, that is to bond all the rods together so it becomes effectively one and run grounds from there to everything that needs a ground
  5. Use at least a 1” pipe, preferably a 1½” for all the pipes, this is to minimise friction losses. FWIW a ½” has about 80 x the loss than a 1½” one, have as few elbows as possible and 2 x 45o is better Thai 1 x 90o
  6. However quite a reasonable number of people have income that must be declared and taxed in the home country, so have no option, also a country that refunds tax paid in Thailand has an extremely rare DTA/DTC
  7. There is no requirement to file a tax return, however there is a requirement to pay tax if any tax is due. Should you decide not to pay any tax due and the TRD decides to audit you the invitation will be one that you cannot refuse
  8. You have forgotten the credit for tax already paid in the home country (in my case this year ฿76,000)
  9. They will not as tax returns are voluntary, though not paying tax! Some people will get audited, just hope it isn’t you!
  10. Changing your passport number has zero effect on mobile banking. Some transactions in a branch will be blocked if you don’t change the number. I have recently changed numbers at 4 different banks, no problems just way too much time. You only need to visit one SCB branch but you must take both old and new passports along with the bank books for all accounts
  11. You forgot to include a link to the video. @eyz4eva all you posted was a picture
  12. Just a FYI Today 7pm ฿10,000, exchange rate including fees 44.41
  13. It absolutely is not essentially the same thing. It absolutely vital that you exactly follow the precise terms and wording that will avoid a tax liability. As I said there is nothing to stop your spouse from taking care of all household expenses, and there is nothing in the rules to stop you from being a kept man, you can not however receive money from her/him. Does it look like a loophole in the law? Of course it does. However it is a currently available one.
  14. Please do not change my words! I did not say that you cannot benefit from the gift sent to your spouse. I said you cannot receive money from your spouse without cancellation of the gift exemption
  15. That information is incorrect. If you don’t have 35 years and are eligible to complete under paid years or add years for any years, each completed year counts as 1/35 of the full pension. It may well that HMPO has blocked completing years before a cutoff counting as 1/35th. I can assure you that I added qualifying years after 2016 that completed years before 2016 and my pension increased for each completed year. However there is a limit to the number/age of historical years that you are permitted to complete.
  16. Too conservative!Gifts to spouse is up to 20 million pa, but you can’t receive any of the money or it is no longer a tax exempt gift
  17. The law is on the books though it stopped being enforced in the early to mid 80’s. So it certainly could be revived
  18. Your posts strongly suggest that your analysis of your confusion is accurate 🤗
  19. You have bad information and one if the tax directors of one of the big 4 does not agree with your flawed logic
  20. That is why the U.K. doesn’t have worldwide taxation There are only 2 countries that have actual world wide taxation and as I have said it’s unlikely that Thailand will join the club of 2
  21. While it complied with Sg and U.K. tax rules They are different countries different tax rules so not applicable to Thailand. In Thailand if you are audited you will have to defend the possible tax evasion as it is rather unlikely that if the audit can go deeper than the first transaction that the TRD would agree that it is non assessable. You absolutely need professional advice of a company who has defended audits so will be able to advise if it is avoidance or evasion. I certainly have no experience, and hope never to have.
  22. That, as far as Thailand is concerned, is your viewpoint. It might be correct, it might be the excretion of a male bovine. when or if the rules are enacted we will find out which. The U.K. is said to have world wide taxation. I am a U.K. taxpayer. I am not taxed on my world wide income I fully comply with U.K. tax laws. The details are vital. There are only 2 countries that actually have world wide taxation. The chances of Thailand joining that club are slim, I hope.
  23. All of the above numbered scenarios are bordering on money laundering tax evasion so you will need a skilled tax accountant to avoid penalties. With 2 &3 if you are audited it would depend on the depth of information required as to if the evasion strategy would work. In the first example you have a £10,000 of assessable income whenever remitted to Thailand
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