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jayboy
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Posts posted by jayboy
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2 hours ago, BritManToo said:Expat clubs are riddled with crooks trying to make money from elderly expats.
This is a trenchantly expressed view. too extreme probably, but at the heart there is a real truth.I did some quick research on this Thai tax expert and to put it mildly it was not encouraging.Please don't pay too much attention to grifters.
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13 hours ago, oldcpu said:
If one already has a LOT of savings in Thailand, one could easily go for years and never bring money into the country
Yes, but if I understand the position correctly the savings do not necessarily have to be retained in Thailand.Thus if one remits funds that were accumulated before 31.12.2023 (and can prove it) then this is not assessable income and not subject to tax.Isn't that correct?
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1 hour ago, chiang mai said:
But the important change that took place last year is the reinterpretation of the overseas remittance rules, that is not a proposal, that is a done deal and has been in effect since 1 January this year. It is that rule change that will force many foreigners in Thailand who are tax residents, and who remit income above a certain level to Thailand each year, to potentially file a tax return.
I think that sums it up accurately and concisely.
My one question would be to ask what is meant by "to potentially file a tax return." Given the criteria you outline surely these foreigners must file a tax return?
And just as a comment on the Integrity Legal video, I'm not a great fan of these videos.The American lawyer seems to know his stuff but he is too impetuous for my taste.I like my legal (and tax) advice to be cool, measured and thoughtful.
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11 minutes ago, fredwiggy said:
You can buy good bread almost anywhere in even smaller cities, because they have bakeries with ancestry from Europe
Agreed but it is not the norm. Furthermore your suggestion one should make one's own bread rather proves my point - American manafactured bread generally is putrid.
By allergic to carbs I was introducing a tiny morsel of European irony.As in most places the rich and fashionable in America are not generally obese because they try to avoid carbs like bread - though I suppose they rely more on Ozempic these days.You don't see many fatties in the better parts of NY or LA - except in Subway of course.
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10 minutes ago, fredwiggy said:
everyone I know in the US loves the breads there, as they're as good as anywhere.
Sadly that is not the case.Of course decent bread can be purchased mainly in the larger cities where European influence can be traced.I have myself have brought excellent bread in Boston.But it's the exception.Most Americans eat rubbish bread,
https://www.greenlifephilosophy.com/what-is-wrong-with-bread-in-america/
Of course sophisticated Americans in NY and LA often don't eat bread at all being allergic to carbs, unlike the generously built patrons at Subway.
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15 minutes ago, fredwiggy said:
the bread wasn't as good as back in the US
That's a very low bar.Every European traveling in the US knows that most American bread is uneatable (an opinion shared by many of my American friends.)
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10 hours ago, webfact said:
Subway Thailand clarified that the complaints originated from customers who visited locations that had their franchise rights revoked as of 26 July 2024. They advised customers to check for the store number and franchise logo before ordering to ensure they are receiving food made with approved ingredients and standards.
Are they having a laugh? This is epic trolling.
I have never been in a Subway or tasted one of their products in my life.I'm not sure exactly why but I instinctively understood it would be a disgusting experience.
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1 minute ago, Eloquent pilgrim said:
But on the fraught issue of sex and gender, her position is not, in the main, out of step with the public and she may be able to embarrass Starmer, who has in the past shown bewildering levels of prevarication on whether biological sex matters when it comes to single-sex services, sports and spaces”
Correct but in my opinion she will reverse away from culture war stuff which doesn't have all that much resonance with the voting public outside the politically engaged.
My feeling is that she will concentrate on the economy and Labour's effort to crush initiative, play class warfare, increase taxation and enhance the role of the state.If Labour in its first term manages to improve public services so that voters actually notice then they will be able to marginalize Badenoch and the Tories once and for all.They will however also need to reform the NHS to bring it in line with European models through private sector/insurance based funding.The fools who claim "our NHS" is the envy of the world are liars.It is not.
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31 minutes ago, Chomper Higgot said:
Lots of claims there of who holds what opinions but oddly no sources to back your claims.
If you are not aware of the debate in the Labour Party on the subject of Badenoch, it's not really for me to educate you.Nevertheless as a courtesy to other members - not committed to lazy group-think - herewith an article (before Badenoch's victory) from the left leaning Guardian which gives a flavour of the discussion.
https://www.theguardian.com/commentisfree/2024/oct/13/kemi-badenoch-tory-leadership-contest-labour
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5 hours ago, Chomper Higgot said:
Utter nonsense, she’s a gift to Labour and the Lib Dems.
According to many sources, that's exactly what the dumber unreflective voices in the Labour Party believe to be the case.To be fair it is also the unofficial Labour Party 'point to make' and is sometimes heard even from those who don't really believe it.
The upper levels and more intelligent people in the Labour Party think quite differently, and consider she could be extremely awkward for Starmer in PMQ and elsewhere.It's not easy to dismiss an intelligent combative black woman and she has the ability to exploit the current government's many weak points.In my view she is not a serious threat given the Tories' need to rebuild not to mention the government's large majority.But despite the parliamentary strength support for Labour is very shallow.Badenoch will be no pushover.
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30 minutes ago, anchadian said:55% of Foreign Expats thought of moving out of Thailand in 2024 Majority will not file tax returns
A recent survey reveals that 55% of expats considered leaving Thailand in 2024 to avoid new tax liabilities. With Thailand’s new tax regime set for 2025, the majority indicate they may not file returns by the March 31 deadline, raising concerns for the government’s revenue targets.
Foolish article from the Thai Examiner based on a suspect sample and mixing up ill informed comment, some truth, some lies and in short not to be taken seriously.The author of this piece has form.
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1 hour ago, FruitPudding said:
This is the answer.
Low class village girls only have 2 options:
1. Low class Thai man
2. A farang.
To be fair most of Category 2 are low class as well, IE those that hook up with low class village girls.
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1 hour ago, transam said:
Because it also says cannot be used outside the issuing area, which is why you cannot use it as ID proof outside that area....😉
When the sun finally explodes and destroys the universe we know, we will finally hear no more from those who agonize about the Pink Card and wonder why it can be used throughout Thailand notwithstanding the weird restrictive wording on the back.
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49 minutes ago, transam said:
The card does say it is not proof of who you are......
Yes it does have that rather odd statement.But so what?
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58 minutes ago, NanLaew said:
Yes, some have said in other threads that it was accepted by their bank without much clarification.
My experience, with an Udon Thani-issued PID, it wasn't accepted at the Pattaya branch of Bangkok Bank where I was doing a transaction on my personal account held at that branch. It had to be my passport.
With regard to applying for finance in my name, both the YB and PID were copied, but this was purely a belt-and-braces approach for proof of address in addition to my Thai DL. They love their copies here, and that is empirical!
I was only referring to Pink card acceptance by 5 star hotels.I still am (mildly) interested in knowing whether there are 5 star hotels which do not accept it and insist on passport.
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1 hour ago, transam said:
I thought the Pink ID card was not valid outside the issuing area.....
In practice it is accepted everywhere notwithstanding the stipulation on the back of the card one shouldn't leave the issuing area.There's background to this which has been covered elsewhere on this forum.
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2 hours ago, NanLaew said:
Correction: some five star hotels in Bangkok and Hua Hin that you may have stayed at have accepted you pink ID.
Ok that's correct.Do you or anyone else know whether there are 5 star hotels which still don't accept the Pink card?
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4 minutes ago, JoePai said:
Ah yes, a Buriram girl who likes to wiggle her bum - now where have I seen that before...
Stay classy Joe
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5 minutes ago, oldcpu said:
I don't think it has to.
I suspect if one applies for a TIN and does not tell the RD that one has a yellow book/pink-ID, one might be given a different TIN (assuming one meets the RD criteria for issuing a TIN).
But I believe if one advises the Thai RD that one has a yellow-book/pink-ID, they will then ensure that they are the same #.
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Noted.For Permanent Residents (PRs) the number is always the same whether Blue Tabien Baan, Pink Card or TIN.
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53 minutes ago, oldcpu said:
I was pressured for a Thai tax ID#by my overseas bank/trading accounts.
I provided them my Thai Pink ID# with a caveat that it was not yet activated as a Thai tax ID #.
They accepted that (so far).
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That seems a very sensible approach.Actually in your position I might have been tempted to withhold the activation caveat, but on reflection your transparency is the best policy.
I didn't know the Pink card number became the TIN for all expats.
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10 hours ago, chiang mai said:Your excuse of, "they wouldn't give me one", or, "they said I didn't need one", won't go far in a tax audit. But hey, give it shot, you especially should, especially knowing how difficult and complex it is to obtain one!
It's been said before but it's worth repeating.Many expatriates have obtained a TIN in the last couple of years primarily to satisfy their overseas bankers who in turn are being pressurized by the regulatory authorities.Nobody wants to be debanked so lingering reservations have been overcome.I know some who have obtained a TIN but have no intention of submitting a Thai tax return until a more clarification has been obtained.Others will be submitting a return for 2024 but I believe showing no tax payable.As far as I know none have remitted current income in 2024.My sample is small (4 or 5) but I don't think any had much trouble obtaining a TIN.
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26 minutes ago, Hummin said:
only 5 star hotels bother to ask for my passport
Actually there's been some progress here in the last few years.Five star hotels and Bangkok and Hua Hin will ask for passport but will happily settle for PInk ID.
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1 hour ago, Hummin said:
And also when arriving, I flash my card with my retirement extension and get to use Thai passport or VIP line
Glad it works for you.But access to fast line available to anyone over 70 (or even lower in practice). Don't need Pink card for this.
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Thailand's Expats Urged to Register with TRD for Tax, Says Expert
in Thailand News
Posted
They were and I think most sentient retirees were aware of this.However given that inward transfers were fungible and (a) earnings from previous years were not taxable and (b) no checks were ever made which years transfers related to and (c) no system for making checks existed and (d) the TRD wasn't interested - the vast majority of non working retirees without Thai income did not file tax returns.Many including myself tried to keep in mind it would be best not remit current income.But it wasn't a big deal if one did and certainly the idea of submitting a tax return never entered the mind.All changed now of course.
So I don't think many people in the category I described were submitting tax returns in the past.Can I prove it ? No other than anecdotally and the application of common sense.I put this matter to a senior foreign tax/accountancy guy (well known firm) and he agreed my assessment - though making the point that the situation has now changed.
I'm aware that a few people submitted returns to claim back interest on savings.One struggles to understand why they would want to enter the tax system for miserable financial returns given the interest rates payable - but perhaps they had astronomical holdings.
There is a certain sort of person that loves to have every remote possibility covered.They derive pleasure from completing and submitting tax returns even when there was no real need.Even more they enjoy the virtuous feeling and the potential ability to rebuke others for their shortcomings/incomprehension.It takes all sorts.
Anyway the matter is excellently covered in the recent PWC tax publication for which there is a link elsewhere.Pay attention to that and not to people like me and certainly not the Eeyores out there.