paddypower

you can' t refer to him as a prisoner, because, well, he's in denial (and not in prison) . so there!! ''Thai logic'' - the best example of an oxymoron.

'' I couldn't possibly comment on that ''

bum heart bum guy. For the hell of it, I wrote a letter to Bangkok Post's Postbag, asking if it is correct to refer to Thaksin as a criminal? got no joy. 555

careful, NOT connected to SCB.

thinks are moving rapidly here. we're schedule for a visit to IO next week. I doubt that I can get a income letter in time. must check with another Canuck, who uses the income letter (which is based on rental income, something I was not aware you could count on).

God forbid, but that topic will come up, again, soon enough.

that makes a lot of sense. thanks. Ive been transferring money in, for years - never out. so all I have to do now is to go to my bank branch, ask them abut converting TB to the other foreign currencies I need (Euros sand Can$) and then send that currency to my contacts' banks. the only way is by SWIFT ( or other options).

Update - i have checked and there is a 90% chance that your suggestion will be accepted (if I bring an Thai friend with a bit of influence). again, many thanks!

Presumably then, the correct answer would be ''you cannot transfer to a foreign bank (e.g. Europe) using Wise or Revolut''. I may not be the brightest - but Ive lived long enough to know about the option of using Swift. Sometimes it helps if one thinks about why someone is asking a question, before answering.

I have used a tax accountant in Phuket town for years. Her company does audits as well (I have a land holding company). she did an excellent job on a situation different from yours. (sale of a former home/rental house & land). PM me if interested and I will contact her to see if she is taking on new clients. Even if this is a one-off, the amount is large enough to pay for the best advice.

agreed. A drop in the bucket and as described elsewhere many times; a daft, poorly thought out idea which will just P/off some retirees here who don't look at the big picture (how fortunate we are to live here) and, most likely, deter some prospective retirees from moving here.

your profile pic. lighten up :)

off topic, but an interesting subplot - you can miss one of the 65k months transfers, due to banking problems (assuming that your annual total income transferred is 800k) and get approval, if you're willing to made a substantial donation to the football team. In these delicate matters, it comes down to a comparison of the amount of the donation, versus the cost of visa agency fees. disclaimer: The nature of this post is intended to be of good intent, and in the best interests of the public good.

yep, although they were the bane of my professional life (and the raison d'etre for it) tax auditors represent the greatest source of raising tax revenues substantially. but there is just no will to act intelligently,is there. ?

with a 'life partner' that good looking, I'd forgive you for getting distracted :)

thanks for not answering my question.

you're correct. I went off-topic. however, the underlying reason behind this proposed personal tax regime is that the Govt wants more revenues. the amount that they are going to collect is minuscule. For 90% of us expats, this is a non-issue, with careful tax planning :)

excuse me if I confused things for you. You have got it backwards. I asked (quote) 'I have a question, regarding Revolut. Can you send money abroad from your Thai bank account and if so, is it in Thai baht or do you have to buy the foreign currency, much as you have to do with Swift transfers?

wishing you the best of luck. There is a world wide phenomenon; who, the wealthier they are, the more stingy they are too. point in case, we lost a ton of wealth in the tsunami. one side of our 2 families' reaction was - 'we gave to the Red Cross. period. no worries - there's a great expression I've picked up,over the years - there's no pockets in a shroud. ;)

I wonder how much revenues are lost, due to the sweetheart deals where Chinese car imports are incredibly lightly taxed for import duty? coincidentally, you will find several of the 5 families having a financial interest in this business.

very Thai to blur his face, protecting his privacy and at the same time going OMG

Thank you for taking the time to go into such detail. I appreciate that - it grounds my thinking, which has been flying all over the place, due to what you correctly describe as badly drafted or imprecise regulations. Even if they were precise - the fact that any IO can interpret-ate any way he/she wants kills any hope. I practiced tax law, including for off shore trusts. There, you could at least tax plan close to the line between avoidance and evasion. but, TIT. The proposal to offer to maintain a 400k deposit for the next 12 months plus 775k of income is an excellent suggestion. I wlll try it out, nothing to lose. If he will not bite, then I will switch to using an agent who is capable of negotiating something better than the status quo.

it may be ok for your situation, easy to buy land, and sell. For an expat couple its a completely different story. Ive posted elsewhere that my investment strategy is to buy beach land. There is an international market for that. Go check with the banks in your area. You'll see a lot of repossessed land/shop houses. and judging by the direction that the total private sector consumer debt is going...there will be more repo's.

I have a question, regarding Revolut. Can you send money abroad from your Thai bank account and if so, is it in Thai baht or do you have to buy the foreign currency, much as you have to do with Swift transfers?

Phew! that's pretty naive of you, no? Regardless of that, there is not risk of being assessed tax on the transfer into Thailand. the only risk that I have observed is that all banks have to make a record of large, incoming transactions. what they do with that info is anybody's guess.