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allane

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Posts posted by allane

  1. A year and a half ago, I came out of retirement to work as a part-time teacher at our local high school. The school presented me with a contract which specified that I was to work full-time hours. When I pointed out that this was not what we had agreed, they said that the Labour Dept. would not issue a Work Permit for me to work only 3 days/wk. (10 contact hrs./wk.), which is what we had agreed.

    Perhaps have someone at the school contact your local Labour Dept. office, as local policies may vary. 

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  2. 1. The B 800,000 has to be "immediately available". Equity in a condo. clearly is not.

    2. You can buy a condo. with money that you already have in Thailand, but with one very big "but":  If you eventually will want to take the proceeds of selling that condo. out of Thailand, the money that was used to buy it has to have been earmarked for the condo. purchase at the time it was brought in to Thailand.

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  3. There is no such thing as a "Notary Public" in Thai law. The people purporting to offer such services, are to my understanding, mostly lawyers, who presumably know that. But I suppose it is hard for them to resist the temptation, when a stupid farang will pay B 1000, or more, to have a signature and seal affixed to a piece of paper. Both sides go home happy !

    If you want something that has legal status in your home country, you need to get it from your embassy.

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  4. One year appears to be the period stipulated by the Bank of Thailand, though I am unable to cite a source for that. In recent years, some banks have introduced a minimum balance requirement (B 2000.00 seems to be a common figure), and a monthly maintenance fee (B 50 seems common) which kicks in if there has been no account-holder generated activity for a year. (Service charges and interest payments do not count as activity).

    I don't know for what period of time the banks are required to hold the account-holder's funds. I once let an account lapse for over a year, but by walking into the bank, (home branch) I was able to get it re-activated.

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  5. I am sticking my neck out a bit on this one, as your situation is not exactly analogous to mine, though it is close.

    In 2010, I wanted to change from a Non "B" work visa to an "extension of stay for retirement" to use the correct terminology (!).

    I asked Bangkok if I could move first, and then make the change in Chonburi (Jomtien). Bangkok said "yes". So, I moved. When I walked into the Jomtien office, they said "no, you will have to make the change in Bangkok."

    So, based on my experience, I think that you have got it right. If the geography is not too daunting, perhaps check with both Immigration offices before proceeding.

  6. Of note to any new teachers out there, by which I mean having worked less than one year in Thailand:  Income tax returns, and payment of income taxes are based on the calendar year. If your contract is for the academic year, that is irrelevant.  The deadline for 2017 is March 31, 2018.

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  7. From the Revenue Dept's. website:  www.rd.go.th  , using Jack Mountain's example:

     

        Gross Income:                        720,000

       less Deduction (Sec. 2.2)       (60,000)

       less Personal Allow. (2.2)      (30,000)

                                                          630,000

     

    On 630,000:   0 -150,000 x 0% =           0

              150,000 - 300,000x 5% =      7500

              300,000 - 500,000x10%=   20,000

              500,000 - 630,000x 15%=  19,500

     

         Income Tax Payable:              47,000

     

    The above is assuming no personal deductions beyond the universal ones.  

     

     

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  8. Your accountant is right. When you began to work, you were likely asked to sign a form estimating your total income for that calendar year (including from any job prior to your current one), and listing any of the common deductions applicable to yourself (such as a dependent spouse or dependent children). Income tax would, or should, have been deducted as per your declaration. You then do an annual version of this form every January, for the calendar year which has just begun.

    Your proposal is nonsensical, leaving the vast majority of the tax due to the Revenue Dept. not remitted until the latter part of the calendar year.  In the case of an employee who quit early in the year, the employer would not have deducted enough to pay the income tax owed.

    From someone with about 18 years experience working in Thailand, and more than that working in Canada. The two countries' income tax deduction systems are identical in this respect.

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