rooster59 Posted September 23, 2017 Share Posted September 23, 2017 Finance may scrap 15% tax exemption on bank savings of rich people The Finance Ministry may scrap tax exemption on interest income of up to 20,000 baht a year after finding small banks advised savers to evade taxes. Finance Minister Apisak Tantivorawong said some small banks have advised their customers to evade the 15% withholding tax when their earned interest income are reaching 20,000 baht. They told their customers to close their bank accounts and then open new savings account instead to dodge the 15% withholding tax, he said. Full story: http://englishnews.thaipbs.or.th/small-banks-taxes-evasion/ -- © Copyright Thai PBS 2017-09-23 Link to comment Share on other sites More sharing options...
tomacht8 Posted September 23, 2017 Share Posted September 23, 2017 Next the VAT goes up from 7% to 8%. Submarines cost money. Link to comment Share on other sites More sharing options...
inThailand Posted September 23, 2017 Share Posted September 23, 2017 Let's scrap taxes because banks and customers are trying to evade them. Another HUB....The hub of not paying tax. Link to comment Share on other sites More sharing options...
JohnLick Posted September 23, 2017 Share Posted September 23, 2017 Let's catch the small fish (tax) so the whales (corruption) can swim Link to comment Share on other sites More sharing options...
ezzra Posted September 23, 2017 Share Posted September 23, 2017 signs of fiscal desperation on the government part that is strapped for cash to finance the ever poor farmers and frivolous acquisitions such submarines and other stuff Thailand doesn't need... Link to comment Share on other sites More sharing options...
inThailand Posted September 23, 2017 Share Posted September 23, 2017 This article makes one wonder is my bank who is taking 15% tax monthly on the interest pocketing it or are they paying it to the government? Link to comment Share on other sites More sharing options...
connda Posted September 24, 2017 Share Posted September 24, 2017 The average retiree would need 40 bank accounts. Link to comment Share on other sites More sharing options...
jvs Posted September 24, 2017 Share Posted September 24, 2017 20 minutes ago, connda said: The average retiree would need 40 bank accounts. Read what the article says. Link to comment Share on other sites More sharing options...
Get Real Posted September 24, 2017 Share Posted September 24, 2017 40 minutes ago, connda said: The average retiree would need 40 bank accounts. And how did you calculate that??? Link to comment Share on other sites More sharing options...
Dumbastheycome Posted September 24, 2017 Share Posted September 24, 2017 16 hours ago, inThailand said: This article makes one wonder is my bank who is taking 15% tax monthly on the interest pocketing it or are they paying it to the government? You have accountinterest output of more than 20,000 Bht in Thailand? 15% is not much compared with Western snatch and grab. Link to comment Share on other sites More sharing options...
USPatriot Posted September 24, 2017 Share Posted September 24, 2017 They want to scrap it because you have to pay for the people the Govenment let in that do not work. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now