
RubbaJohnny
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Everything posted by RubbaJohnny
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I understand a fair point, uk debit card extremy handy to scan on Heathrow or Gatwick Express, I have a Thai mastercard not certain, regardless of unknown rate and overseas charges it'll work on uk transit systems, I prefer leave my thai cards in Thailand.For those who used to queu to buy or reload oysters, most transport in London don't take cash. Can you use a QR code at ticket barriers Heathrow or Gatwick, probably the way foward ?
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I read post Brexit many UK financial insstitutions cannot posst to EU. I would like to maintain UK accounts as convenient for visits and I often make online purchases in sterling. Ss far AIB NAB and Citi no issues, The post Office usually leave a collect card in locked external Mail box, couriers seem to slide under the gate Nationwide and Wise cards will come up for renewal. I have looked at their websites seems no mention of Thailand. Be most grateful for any advice esp those who have received a renewed ( not first) cards here. My belief is Wise will renew, Nationwide not so clear? Thanks in advance for any help.
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Nok Air’s Boeing 737 max 8 plans hit turbulence
RubbaJohnny replied to webfact's topic in Thailand News
Flight earch engine allows you to exclude any type of plane from a earch. Once you have choen the carrier you can refine the earch ome have no max in their fleet.Having flown in 4 seater in the Nepalese Himalaya anything with a galley is an upgrade and safer than the local roads. -
Soft power “fashion panel” resigns en masse
RubbaJohnny replied to snoop1130's topic in Thailand News
Is it the nice small towel offered by attendant in top tier bathrooms or the graceful tissue issue in the plastic roll at pavement restaurant perhaps? Or the the emolument too shoddy for the smooth as silk ilk -
You can see how attractive simply taxing all Int transfers and use of ATM cards at say 35% would be RD and what a disaster for tourism.I cannot see how the ATM network will know how many days a person has been in the kingdom in the current year? If immigration, who else? will have the work and time to provide letters, confirming their own entry and departure stampss posssibly in multiple passports for every single foreigner here over 18 days I can well see they'll reciprocrate by asking us to prove we have made a tax return or proved a tax number. The uncertainty is counter productive and will deter the very invetors who spend big. Even if they nab every penioner with a meagrre 50,000 a month it will not net much and ceate mase of work for little reward.Others will just remit their monthly needss and keep offsshore for other savingss investments etc.
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CDB Aviation Lease Finance Designated Activity Company (“CDB Aviation”) is investment grade rated by the major global credit rating agencies. S&P Global Ratings assigned its ‘A’ long-term issuer credit rating with outlook stable. Fitch Ratings assigned its long-term Issuer Default Rating (IDR) of ‘A+’ with outlook stable. Moody’s Investors Service assigned its ‘A2’ local currency and foreign currency issuer ratings with outlook stable. CDB Aviation is a wholly-owned by China Development Bank Financial Leasing Co. Ltd., a 30-plus-year-old leasing company listed on the Hong Kong Stock Exchange (HKEX stock code: 1606). Our parent company is the dedicated leasing arm of China Development Bank and enjoys the Chinese quasi sovereign credit rating (A1 / A / A+), one of the highest international credit ratings among Chinese financial institutions and the highest rating among all aviation lessors. Under the direct jurisdiction of the State Council of China, China Development Bank is China’s largest policy bank and one of the world’s largest institutions supporting domestic and foreign infrastructure projects. China Development Bank is one of three Chinese policy banks.
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Instead of transfer to self would sending to thai family as gift mean it would not need to be declared as imported income. i.e.donate to wife and kids via wise rather than distribute it once already here in my wn account? If transfers in to buy condos folks will go elsewhere, the uncertainty deters investment surely? I fear they will make an assssesssment at a high level for all and theonus will be on uss to disprove appeal , clain refund due to dul tax, an awkward time consuming processs with different tax years rates.The only winners will be accountantss and copy shops. For pensioners on fixed incomes monies taken by the regime will not be spent in the real economy or remitted to relatives.
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Taxation of Ex-Pats pensions etc.
RubbaJohnny replied to LittleBear57's topic in Thai Visas, Residency, and Work Permits
I do not wish to be awkward but all uk penssions are income in uk whether private, state or combo. My mother was a senior tax consultant in Uk so I know the guidlines. Of course if a person has only the meagre state pension around 200 pounds a week, or less for those without full contribution record, they are under thethreshold in UK, plus the added "benefit" that it will decline as not uprated for Thai residents.. My private pensions are not in sterling and I may have to pay but with allowances of almost 500k may be cheaper to jusy bite the bullet or once dust settles employ a local accountant.Up to you.I may well leave fund offhore and ue for vacation air ticket etc o that money never ever brought in. IMHO this has been poorly thought out. Unless every credit card ATM is taxed, bitcoin gold , cash on arrival checked it may come down to usual revesal when RD have hindeds of frustrated farangs and tourists , same Immigration when we all need them to add days on those who hve multiple passports. Irish plus UK plus kiwi passports etc If they tax ATM hit tourism, if they dont it will be a wy to avod I jut take 20k a week from my Autralian bank Again regrads DT treaty there may be arbitrgae and will have to claim back . With thousands of expats hundreds of tax systems currencies I can see tehonly ones to benfit will be the accountants copy shops. I cannot imagine anyone but immigration will be acceptable proof here of how many days for RD. Not sure I will be in LOS for 18- days befor 2568 but forewarned is fore armed. I think it will deter new retirees , old ones wiyh homes families pets will just spend less. Digital nomads and others yung and flexible enough may not quit but just arrange to be in no more than the permitted number of days. -
Excellent point. In addition to passport stamps (of course some people have more than one from different nations like Ireland AND Australia or UK and Ireland, NZ and UK among people I know) I expect Tax Office will only accept passport info from immigration with stamp js, chops, dated same day if they wish to be awkward, .It all makes work for them and us potentially. In most tax dealings the onus may be on the foreigner, they "Think of a number" 1 Prove worldwide income , have it all documented, time expense 2 The various currencies , policies, bonds, trust , rental income will prove complex requiring accountants esp if from various places like home rental EU, Pensions from Ireland and NZ all in different currencies. 3 Prove date of importation, bank letters ATM receipts? 4 Once you are located they may just assess and we will have the issues of recovery from "home " state if DT treaty 5 All such matters may deter new arrivals but retirees with homes gardens wives kids grandkids pets will be loathe to relocate unless on very high income. 6 I am not over worried will just wait and see however having not just a number but confirmation of income and all tax paid would be a very easy regulation for revenue to require of immigration and a very boring expensive one for us to document. 7 The only ones to benefit will be accountants lawyers, gold ,crypto dealer and copy shops as pensioners who remit entre income will have less disposable income to spend in the local economy .If Instead of 72k pcm the taxman takes a slice that's just less to spend. Those with more than their monthly needs are likely to invest or spend offshore. 8 An example I usually spend around 180k per year on air tickets from Thai International using a local bank card. If I know that money remitted here will be taxed I will use a card from home country, many similar examples 9 ATM machines They could try and add tax on foreign cards in addition to the 150-200 baht bank fee. Easy the Tax Office gets revenue from the banks. this in addition to bank transfers However this will be a tax on all tourists, visitors, business people and wont deal with the big fish, yet I think this method may appeal to them start low say a negligible amount like 0.5% then creep Best Wishes for the Holidays everyone and don't fret it may never happen, but failing to prepare is preparing to fail
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I read the threads but nune the wiser how what when I need to act. Will it require a trip to immigration for a proof of address. Will esidncey in Thailand end residency elsewhwere and will Thai government confirm this. I am sure we could all use clarification. I wrote to Thai embassy in home country zero response I wrote to my own who said I musy seek local advice. Living in a remote village I dont even know where the tax office is. First question has the new requirement come into force or is it start or end of 2024 please? If start of 2024 will it want income for this year 2023 or self assessed projection for 2024 My pension is taxed at source and my country has a dual taxation treaty