jaideedave

1 hour ago, BritManToo said:

Does anyone really think the Thai guy didn't do anything?

We all know that Thai men can't be left alone with children.

Ask your Thai wife, and she will tell you.

I remeber once when I lived in Issarn the 2 next door girls about 15 yo came over do do some chores around the house and the mom came with them and closely watched them and me the whole time.

Now I know why.

4 hours ago, BritManToo said:

Yep, sending a 7yo out alone in a foreign country is a bit silly.

Could have been abducted, run over, got lost.

I also agree with you.If at home in a familiar place ok, but not in a foreign country.

53 minutes ago, mania said:

My sister is 70 & I always tell her we are in the home stretch ...but she continues to work at a medical office. I always say isn't there something more you want to do? She says she wouldn't know what t do if she & her husband didn't work. ????  I think its a slave mentality but then again to each their own.

 

But yes OP I agree & tell folks  at best reach 83 & I believe that is the number that SS USA uses in max calcs. Because when you do a compare of starting at 62,66 or 70 & they all pretty much wash at 83

Back in the day when me and some buddies were taking about longevity and retirement one said, just take out a tape measure and run it out to 72 and see where you're at. OMG I'm 73 in December!

2 hours ago, klauskunkel said:

Who is this poetic journalist? Come forth o gallant scribe of flowery verbiage, reveal thyself and be honored for the romantic reporting thou practises.

No no she's uni educated in Kentucky I think.She wrote the prose herself on the back of a napkin while dining at Tiffany's.

3 hours ago, 2baht said:

Still working on the finer details, like what sickness she will claim on her return so she never see's a day in the can, it's currently being tested by her brother, seems to be working!

Her handler(Tony) is getting her to dip her toe in the water so to speak so the pepes will remember her for when the blanket amnesty is announced.

She and bro will be welcomed back with open arms.

I say this with a heavy heart.555

1 hour ago, deejai33 said:

My guess is that withdrawing thai baht in thailand from a foreign account will be regarded as remitting foreign income to thailand.

 

The net effect is the same.  The resident, for tax purposes, has just got 20,000 baht in his hands in thailand from a thai bank machine.  All monitorable by thai banks.

 

Worse, you could be accused of trying to evade thai tax.  Which is true !

 

What if I was a tourist? How would RD differentiate between a pensioner or someone on a 2 week vacay ?

17 hours ago, BritManToo said:

I've been to England, Scotland, France, Italy, Spain, Portugal, Germany, Switzerland, Israel, Malta, Tunisia, Egypt, Jordan, Thailand, Cambodia, Laos, China, Philippines, Vietnam, Malaysia, Canada, USA ..... How about you?

USA,Canada,Mexico,Tahiti,Moorea,Many Caribbean islands,UK,Norway,Holland,Iran,Iraq,Egypt,Libya,Malaysia,Cambodia,Laos,Philippines,Vietnam,China,Australia,New Zealand.I may have forgot a couple and the ME sh_t h__les were for work.

On 10/4/2023 at 8:42 AM, parallaxtech said:

We are getting blackouts on Chaweng Mountain every week for up to four hours.  My electric bill is only 1500 baht/month for two people, no pool, and not using a/c, so I don't really need to save money.  It just bothers me as far as using the computer and getting water via electrical pump.  My neighbor uses a generator which is very noisy and smelly.  Any recommendation on installing a solar system?  I have just basic electrical skills.

A trick I learnt in Issarn is to keep a large garbage bin (new) full of water in the shower/bathroom.

Cover it with a lid and its ready to use for a splash shower or to flush the toilet when power is out. Of course you already knew that.

For the computer and a fan a simple set up of a solar panel and auto battery will to for a few hour outage.A few other parts will include a regulator etc

YT has tone of examples for DIY and not too expensive.

2 hours ago, KannikaP said:

A Foreign Funds Transfer showing in your Passport? I think not.

Passbook?

16 hours ago, BritManToo said:

But immigration want us to use agents!

BMT Correct 100%. Its easy money for them and they don't have to deal with the smelly farang face to face. If the agent visas were discontinued the Imm officers would lose a pile of money and their offices would become very busy.

3 hours ago, webfact said:

Thai police have been described as “the best in the world” by a Spanish tourist who got his missing camera back from Don Mueang Police. The high praise was shared on social media by Phattharasaya Rirkrat, deputy inspector of Don Mueang Police Station, according to a Nation Thailand report.

 

According to Ms Phattharasaya, Denison Mendes, a Spanish tourist travelling with his girlfriend, told her he can’t thank the Thai police enough. Officers had managed to locate a camera and hard drive containing photos of their trip after the couple left it behind in a taxi.

 

Ms Phattharasaya says that Mr Mendes told her that once back in Spain, he plans to spread the word about the help he received from Thai police officers. She says Mendes had tears of gratitude in his eyes as he thanked her, having travelled to Don Mueang police station from Phuket in order to collect his camera, two lenses, and the hard drive.

 

By Peter Roche

PHOTO: Nation TV

 

Full story: PhuketGO 2023-10-04

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

Oh my,Maybe ask the wife and family of the police Major who was shot 7 times at Kaman Nok,s police party.Yes, best cops in the world?

3 hours ago, bugger bognor said:

Anyone who believes that there pension will be taxed is deluded it's not going to happen, this will affect 0000.1 of expats, international transfers will never be automatically taxed on arriving to your bank account and then you have to claim it back what are you smoking! This will turn out To be a nothing burger, you really think that All expats are going to register for tax here and file tax returns and prove where when and how and what year the income and savings has come from !  

bb, yes a very good assessment you've made in my opinion. Can you imagine the headlines of an expat forum ( LOS is now taking a ?% witholding tax on all incoming funds to Thai bank accounts) > all foreigners will now have to file a tax return to show proof that tax has been paid and claim it back < 555

Laughable really.

1 hour ago, buriram39 said:

What if the income received overseas is exempt frommtax innthe country of origin?

Buri...that,s exactly my situation.My govt gives me a tax exemption on my pensions because they are under a certain threshold . But will the RD recognize this documents? Thats my question.I know...wait and see...Sounds like a huge paper shuffle in the works.

11 hours ago, OneMoreFarang said:

Rebuild/redo (almost) everything?

If you build it from scratch and you are there every day then at least you have a good idea what is happening and you can see problems early and correct them. Once it's finished it is a nightmare to (try to) fix some problems. 

I.e. electrical installations are often horrible. Do it all new? Enjoy! 

I agree but in this case he was working offshore and had to leave his lady in charge while away.The workers told her to stay away and that they knew what they were doing (not) He told me the whole thing was a nightmare. As a side note they split up later that year anyway and he walked away. Its a good thing he was making good money.

35 minutes ago, Don Chance said:

I knew a guy in Krabi with a Thai wife. He had a big idea to build a house then flip it. He gave the build about 10k usd and never saw him again, he said he dropped off a big water jug though.  He tried to sue the builder. 2 years later he split with his wife and moved back the states after 20 year in Thailand. The whole thing was too much for him.

Yes another sad story.A friend some years back decided to have a custom house built on the "dark side" of Pattaya.At the time he was working 28/28 rota so his wife/gf was there half the time.

They f___ed up just about everything you could imagine.His advice to me> never build from scratch.

Buy a house in an area you like and rebuild/redo as you like.Way easier and probably less expensive.

10 hours ago, Smokin Joe said:

Statement from Revenue Department official was in the paper that shall not be named. A Revenue Dept statement "should" be much more reliable than any statement from other offices.

 

Revenue Department Deputy Director-General and spokesperson Vinit Visessuvanapoom said the tax collection is to comply with international standards on the exchange of financial information to promote tax transparency...

 

The collection of PIT on overseas income will be primarily based on the principle of self-declaration in conjunction with the use of digital technology and international information exchange systems …

Therefore, if the government collected tax on income from abroad, the taxpayer would be subject to double taxation as tax must be paid to Thailand as well as paid to the country in which the income is being earned.

 

However, Thailand currently has 61 double tax agreements which prevent individuals or companies operating in more than one country being taxed twice on the same income.

The programme will begin on Jan 1, 2024 and apply only to tax residents in Thailand meaning tourists and short-term workers will be exempt. Also exempt will be those who have been taxed in a foreign country that has a standing double tax agreement with Thailand.

No real breaking news but it shows that they are taking the tax treaties into account. And in my opinion the Thai govt doesn't have a single person that can read and understand 61 different treaties.
I read the Thai/Canada tax treaty and had to lay down for a few minutes.Mostly legalese jargon and not easy to digest (for me)
 

9 hours ago, Lorry said:

How do you think did they get those 61 treaties?

Maybe they had foreign translators on contract?

8 hours ago, Irrumator said:

What about residents from a country in which their income is low enough that they  fall into the tax exempt band?

So does that mean they will also be tax exempt here? 

Actually I find myself in that category.Through certain provisions in the Cdn tax code my pensions are tax exempt. I pay zero IT on my retired income.My question is will the Thai RD respect that.I have the printed document in front of me.Food for thought.

13 hours ago, ravip said:

Sometimes it's very difficult to fathom what's happening. Especially if the plumbing is underground. 

Further,  everyone is not technically oriented. 

Your comment is very unreasonable. IMHO.

Correct, when I bought my house in Pattaya the pump would cycle several times day/night even when not in use.A lot of the blue pipes were buried and some digging and investigating showed some dodgy plumbing which I bypassed and eliminated . Off/on cycling stopped immediately.

The pump shouldn't be running unless water is leaking out or as someone mentioned faulty non return valve.

Working with the local blue plastic tubing is simple, You Tube is your friend.

Get your hands dirty and have a good look.

7 hours ago, Tom Vanderlay said:

Hi,
Just wondering if anyone knows whether money already in a bank account here in Thailand is subject to this tax?

And will all money transfered into Thailand, regardless of source (even savings from overseas) be subject to this tax?

 

Does having a double tax treaty have any effect on this (I am a tax resident of Thailand - staying here more than 180 days per year.  I am required to file income taxes in my home country but always pay nothing as my income is below the threshold)?
 
Also, does anyone have a link to the law in English?  Thanks

I am in a similar situation as yourself.I pay no income tax on my pensions because it is below a certain threshold also. I won,t be able to prove that I have paid tax already.I have a letter from the tax dept stating about the tax exemption.  Wait and see I suppose.