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Felt 35

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Everything posted by Felt 35

  1. They are well paid to say the above and then.....
  2. ????Maybe when a military exercise with soldiers loaded up on trucks passing by and likewise with police unless guards at a special event or in the police boxes in centre of town ???? However I see and hear a lot of ambulances 24/7 . Felt
  3. Yes, and I think for most of they who already are a resident for tax purposes. Now I aware the masses are not affected yet but following the new rules coming next year I have problems to se how it can be different for anyone else as long as money is remitted / brought into Thailand. Felt
  4. I wonder how this will unfold for those of us who already pay tax here on pensions as tax residents and are under a tax treaty with Thailand. (I guess more forms and personal confirmations????) Personally, I only transfer 60-70% of the pension annually via Bangkok Bank the rest is taxed back home. I never transfer interest or other amounts from savings accounts as larger investments have never been of interest here. Regardless, the way up to now has been paid here and checked here is that annually I get a statement for the taxable year from Bangkok Bank showing transfers to Thailand where each International transfer must be underlined, signed and delivered together with PND 91, plus a copy of all pages of passport, as well as a personal statement with count of days with all the periods written down that I have stayed in Thailand in total in the tax year. I fill in the sum from the Bank's total sum of international transfers and when filling in PND 91 deducts the same amount that a Thai citizen is entitled to do. After payment, all documents must be copied and a new application must be made to the regional head office of Thai Rd., for and to be issued the Tax payment certificate and Certificate of Residence in English. These certificates take some time and 2-3 weeks must be expected before you receive them in the post sent by EMS from Rd. I am then obliged to send these forms to the home country either by post or electronically together with the tax return to the home country. Will also add that "TIN" according to new rules from about 2018 (I think worldwide) now required by the Banks in the home country, so with that they, and the home country's tax authority have full access to all transactions and accounts. It's usually been no big problems, but I still think it's a lot of paperwork for elderly people but fortunately and at least for now its been allowed to have an authorized other party to take care of the practical payment at the tax office. Felt
  5. Hmm????...well, I'm planning to buy a new (used) car so was just thinking about transfer to the better half before New year, to me, no I will be taxed and Rd, will see that next year on the bank statement I provide annually when paying tax for this year. Felt
  6. What if you are a tax resident already and on a DTA. Pay tax on pension here but keep savings which generate interest abroad! The interest is following the DTA not taxed. However, it's also never brought to Thailand. Will Thailand still have the right to demand to tax the interest? Felt
  7. So am I and best to get that gift away before New Year is my thinking.???? Felt
  8. Seems thankfully its only money from whatever brought into Thailand so then assets /interest abroad should stay clear from being taxable in Thailand. Thailand Foreign Source Income Personal Tax - SHERRINGS
  9. I don't think we get any more detailed information from Rd, until we pay tax for 2024 otherwise that should be on their webpage by now. Hmm....part of the plan???? Below is googles translation of the new regulation. Felt Revenue Department orders No. P.161/2023 Subject: Payment of income tax according to Section 41, paragraph two of the Revenue Code. In order for revenue officials to consider this as a practice guideline for inspecting and giving advice to those residing in Thailand. which has assessable income according to Section 40 of the Revenue Code In the past tax year Due to work duties or business conducted abroad or because of assets located abroad according to Section 41, paragraph two of the Revenue Code The Revenue Department has ordered the following: Clause 1: Persons who are residing in Thailand according to Section 41, paragraph three, of the Revenue Code. who have assessable income due to work duties or activities conducted abroad or because the property is in Foreign countries according to Section 41, paragraph two of the Revenue Code In the said tax year and brought the assessable income Entering Thailand in any tax year That person has a duty to include that assessable income in the calculation. To pay income tax according to Section 48 of the Revenue Code In the tax year in which the assessable income was brought in in Thailand Article 2: All rules, regulations, orders, letters of response to consultations. or any practice that is contrary to or inconsistent with This order shall be cancelled. Article 3 This order shall come into force for assessable income imported into Thailand from the date 1 January 2024 onwards Ordered on 15 September 2023 Lawan Saengsanit (Mr. Lawan Saengsanit) Director General of the Revenue Department
  10. Well I don't know but if inheritance or gifts to spouses not are taxable in peoples home country shall they add that on income (pension) to Thailand and tell Rd that I gave my spouse 500K last year but that was savings or was it a gift, or inheritance, or interest or was it saved pension income?????? Felt
  11. Anyone who know if the new tax regulations also will include inheritance from a Foreigner to Thai spouse and how shall it eventually be controlled if its savings and a gift / inheritance? ???? Felt
  12. Thanks Sheryl. I hope you are absolutely right and that interest on savings (inherited many moons ago) that has never been touched and as mentioned placed in the home country will not be affected, but the tax man is IMO a trickster so I will keep myself updated in the coming months. Felt
  13. I pay tax here and in my home country, which has a tax agreement with Thailand, but the tax I pay here is on what is annually transferred of the pension the amount I not transfer is taxed in home country, but does this new regulation possible also mean that we have to pay tax on interest of savings placed in the home country and are savings that have never been near Thailand and will never come near Thailand? Thanks Felt
  14. Following a link from my retired and emigrated Norwegian neighbor https://www.rd.go.th/fileadmin/download/nation/Norwegian_answer.pdf
  15. Well with your statements, if I were an Immigration officer I would send you out first. Judgment without knowing the background for the overstay should not be used by someone with the nickname "God - peace". Felt
  16. Is this Asean Now, tripAdvisor`s section for tourist? Felt
  17. I think it looks quite typical standard here. When business is going well, we make it as difficult for foreigners as we can without upsetting International media, but during/after crises such as Black May 92, the financial crisis of 1997, Sars, bird flu, Tsunami and Covid, we stand with hat in hand and welcome foreigners. If they was transparent they adapt the visa rules and residence regulations as in the US / Europe then most criminals and a lot of others will think twice. But ???????? Felt
  18. Check the professional bicycle tour operators in Thailand and Thb 12000,- is like peanuts compared. Felt
  19. Most likely 50 % of Thais nowadays live directly or indirectly from the tourist trade in one or "another" way and money or lack of it is the most effective way to praise or punish people so they follow the law. Felt
  20. I think that those who organize bike tours on a voluntary basis for everyone and with opportunities for all age groups starting from Hua Hin (the cemetery's forecourt) should be applauded and not negatived from those who prefer the boredom behind a steering wheel or the TV chair. Felt 35
  21. Do weather websites live in Chiang Mai year after year and generally have some experience in weather patterns seasons to seasons? Felt
  22. Thanks , yes I have observed the delayed rain season here also so have to take it into consideration. Felt
  23. ..eh and if a Grab Taxi just had driven you to Surat Thani for Thb 5600,- you will be fine if the driver demanded Thb 10000,- on arrival.......???? Felt
  24. Thanks, think to do some cycling with a change in scenery so hope for dry weather and have only been up there February / March previously. Felt
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