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Everything posted by oldcpu
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Wise Money Transfer
oldcpu replied to auntyedna's topic in Jobs, Economy, Banking, Business, Investments
Believe it or not, it is possible with Wise to have the verification for a PC login to be sent to a smartphone, before the PC loggin allowed. If the OP set something like that up in error, it would cause them an issueif they have no smartphone. -
Wise Money Transfer
oldcpu replied to auntyedna's topic in Jobs, Economy, Banking, Business, Investments
Wise is working fine for me .. I have logged in multiple times in the past 3 weeks from Thailand, Singapore and Australia. I can log on both with an Android smartphone Wise app and also from my laptop PC ( running GNU/Linux). When I use the PC to log in, it sends a verification request to my smartphone for me to confirm it is me. For the OP, are you certain a verification request is not being sent to your smartphone? -
LTR visa, how long does it take?
oldcpu replied to Desmond77's topic in Thai Visas, Residency, and Work Permits
That is interesting to read. Were you informed verbally by an RD official, or did they provide such by other communication means? ( email, social media, postal mail?). I presume they included a caveat saying that was the case ( no tax return required) as long as any local Thai income you might have ( from investments) did not exceed a certain threshold. -
There is a LOT of consensus on many details ... and no consensus on some others. Some examples of consensus: 1. For example the Canadian-Thai DTA states Canadian pensions and similar remunerations are only taxable in Canada (and not in Thailand). This has been agreed with all tax advisors, who have gone a step further and also agreed such Canadian pension (and similar remunerations) are not to be included in a tax form. This is also consistent with Royal Decree-18. 2. Also, per por.161/162, there is agreement (tax advisors and Thai RD) that pre-1-Jan-2024 money in foreign bank accounts, if remitted to Thailand, is exempt Thai taxation, and not to be included in a Thai tax form. 3. Also per Royal Decree 743 and RD Ministerial Instruction 427 those on an LTR-WP and LTR-WGC have their remitted foreign income tax exempt. A forum member in a call to the Thai RD tax help line confirmed such income is not to be included in a Thai tax form. Any who dispute the above, are going against both the Thai RD and against different Tax advisors. I suspect there is also agreement in other country sourced income as well ... There are of course, some areas where it is not so clear yet, but I believe with time there will be more clarification. To think thou that there is "no consensus by anyone on tax matters" is not universally correct in regards to Thai taxation.
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I think the view of the majority of posters on this forum is no, you do not have to file if your income is not assessable for the tax calculation. There is a minority who disagree and who are determined to file a tax return even thou their income is not assessable. And some of the discussion is debating whether DTA exempt, royal Decree exempt, and ministerial instruction exempt income should be considered assessable despite being tax exempt. So you may not get a 100% agreement answer from all forum members.
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Phuket is 'cheap' relative to Bangkok. But I suspect you know that. Are both over priced? Possibly. Possibly not. Yes the Russians and Chinese (yes the Chinese ARE still in Phuket despite what you state) have helped drive up Phuket real estate prices. While its true the numbers of Chinese are less than in the past, they are still present in Phuket and they are still buying real estate. It is NOT just the Russians' buying. Not by long shot.
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Nonsense. Pure 100% nonsense.
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Ask either Deep Seek or ChatGPT. With ChatGPT on a browser, it provides its sources which you can check. I find it ironic you pull misinformation out of thin air and ask others for their references. Phuket is NOT #1. Time for you to research and update yourself. Once again, you are out of date. A while ago?? How long is a while ago? Once again, you are out of date. Yes, the taxi mafia is still there (in Patong, Kata, Karon), but one can descretly use online taxi apps to obtain cheaper transport in those areas. Outside of those areas one can do so with FAR LESS disretion. You are out of date. Further, most expats have a car and don't think twice about the taxi mafia. You are also in a minority of expats if you had to use the taxi mafia in the past - and most definitely MORE out of date if you did use such in the present. Rubbish. You are out of date. What about the tourists? Last I looked, this thread is about "expats" ... Or did you fail to read the thread topic? Once again, "Quality" expats have their own vehicles, and on occasion when they wish to go drinking and not drive, there are online apps where the expats 'in the know' simply arrange for online transportation and have NOTHING TO DO with the Taxi Mafia. Those who don't do such are simply misinformed, like yourself. As for the tourists, even thou this thread is NOT about tourists, if they want to they also can take advantage of online booking of transportation taxi services. This is the year 2025. Its time to get with the times. The hold of the taxi mafia has mostly been broken. Your failure to concede such indicates how out of touch you are on this topic
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My Thai wife uses WeChat in Thailand. A Thai girlf friend of hers (who uses it extensively for business with clients in China) 'invited' her electronically to use WeChat. I assume my wife's friend obtained WeChat functionality the same way (ie invited electronically by someone else with access). In essence, I believe, in order to initially use WeChat (ie register a new account) and then use outside of Thailand, one needs to have an electronic invite from a person who has existing WeChat access. My wife has had had WeChat functioning in Thailand for over a year now - so I supose it is possible that policy has changed for new members. But it definitely can work outside of China.
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Many are not claiming this. There is most only one person persistently making such a claim. I think the point is if the Thai government wanted to ensure long term expats file a tax return, there is a way they could do such. However nothing official has been coming out of the many immigration offices in this regard for extensions. Just the opposite, where many have posted of successful 1 year extensions with no mention of Thai tax certificates being needed.
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Indeed. .. and many of us have pointed out that Royal Decree 18 notes some DTAs can make some foreign income Thai tax exempt, implying not to be included in a Thai tax calculation ( obviously dependent on specific DTA wording) and hence since such DTA excluded income is exempt from the Thai tax calculation and hence since not to be included in a Thai tax return, it may even mean ( on absence of other assessable income) that no Thai tax return is required. The specific wording of the DTA with Thailand is very relevant and needs to be understood. Obviously this is my understanding. Others on this forum have very different views.
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An interesting web site, but I believe a bit out of date in at least one place. For example it states: "Capital gains and investment income earned by a resident from sources outside Thailand are not taxable unless remitted to Thailand in the year of receipt." That is incorrect according to por.161/162. Further, some tax management aspects were not covered .. For example: The "gift" section fails to mention that a gift exemption is invalid if the gift is from a person in Thailand who is using in part the gift to benefit this person giving the gift. The DTA section is very slim at best, and it is the DTA aspects that most retired expats likely need to fully understand all nuances. The DTAs are very relevant in regards to tax management. On tax returns, it fails to note some income is not to be considered assessable per Royal Decree 18, and hence not included in a Thai tax calculation to assess whether a Thai tax return is required. This is very important and should not be overlooked, but yet it was overlooked. I believe the content associated with the link is in need of an update.
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You heard wrong. Bangkok and Chiang Rai have higher motorcycle road deaths than Phuket. I seriously doubt that. Some statistics for you : Thailand is #9 for road deaths globally, although it is #1 for motorcycle deaths. 80% of the Thai road deaths are motorcycle deaths. Less than 4% of those motorvycle deaths are foreigners The most affected age group is 18 to 29 year olds The deaths are predominantly male. Most who died weren't wearing a helmet. Now lets consider Phuket: Again. Bangkok and northeastern provinces ( such as Chiang Rai) have a larger amount of motorcycle road deaths. The point here is Taxi Mafia are not the cause of a high # of motorcycle road deaths in Phuket. And as noted, the "hold" of the taxi mafua has in the most part been broken as internet taxi booking apps is pushing them aside. Only in Patomg and to a lesser extent Kata and Karon do the taxi mafia still resort to violence and intimidation to try and monopolize on their expensive taxi service. And their hold there is no longer what it once was. However you also should know most expats don't need to use the taxi mafia nor motorcycles. Most expats have cars. So while the remaining taxi mafia can still be found in noted areas, most Phuket expats don't give the taxi mafia a second thought as they are not affected. Again, it reads that you are out of touch with the current Phuket situation.
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That's OK if true, but it's not accurate what you typed. I gave nothing to hide re my income sources, and I follow the law while carefully and legally managing my tax exposure. Thailand taxes local income and taxes remitted to Thailand income. At present it does not tax global income if not remitted to Thailand.
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Perhaps. Except in the case of Phuket more are arriving than leaving. I lived in Phuket from 1997 to 1999, and moved back here in 2016. Has Phuket changed since 1997? Yes. But so have I changed. I pinch myself every morning thinking how lucky I am having a beach front condo with direct beach access , far, far from the maddening crowds of Patong , Karon, and Kata, which most tourists only know. Each to their own. I am happy there are those with your view. One less person to join the many who are coming here. Enjoy where you settle. I am very happy where I settled in Phuket.
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The tax (land transport) Mafia are a PIA for certain. However they are FAR from killing Phuket. Rather Phuket has been booming as of late, with lots of new development and rental and real estate prices soaring. How can a place be booming and killed at the same time? I do agree no expat (nor tourist) likes the taxi mafia. However, there is now alternative transportation and not just the taxi mafia, which the taxi mafia tried to stop and they failed miserably. I don't know where you get your information from Phuket being killed by (the highly annoying and over priced taxi mafia) but you are clearly out of date. Yes they still are annoying and they still dominate in Patong and some western beaches, but their hold has slipped massively elsewhere. You are simply out of date. Motorcycle death statistics are horrible across all of Thailand, and for certain Phuket is no exception.
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Show me an official immigration statement that as of today that every foreigner expat tax resident must show proof of filing an income tax return to obtain an extension. Official proof - across all Immigration offices. You can't. You can't because it is not true. This is nothing more than your speculation that YOU ARE TELLING YOURSELF LONG ENOUGH THAT NOW YOU BELIEVE IT. As the saying goes, you tell on yourself by what you say to others.