rooster59 Posted April 21, 2018 Share Posted April 21, 2018 Lottery winners to be charged 2% stamp duty instead of 0.5% Lottery winners will have to be charged 2 percent stamp duty on the amount of their winning prizes under Revenue Code amendments to be submitted to the cabinet in May by the Revenue Department. Revenue Department director-general Prasong Poontaneat said that the legal affairs unit of the department was in the process of amending the Revenue Code to increase the stamp duty on lottery winners from 0.5% to 2% of the amount of the prizes in order to keep up with the increased amount of prizes. He noted that the 0.5% stamp duty had been in use for up to 36 years since the amount of First Prize was set at one million baht while the amount of First Prize now has been increased to six million baht. Full story: http://englishnews.thaipbs.or.th/lottery-winners-charged-2-stamp-duty-instead-0-5/ -- © Copyright Thai PBS 2018-04-22 Link to comment Share on other sites More sharing options...
Popular Post YetAnother Posted April 21, 2018 Popular Post Share Posted April 21, 2018 4 minutes ago, rooster59 said: in the process of amending the Revenue Code to increase the stamp duty on lottery winners from 0.5% to 2% of the amount of the prizes in order to keep up with the increased amount of prizes. illogical (by western standards); a percentage is a percentage, a ratio; the amount of the prizes goes up, so does the percentaged amount 15 5 Link to comment Share on other sites More sharing options...
YetAnother Posted April 21, 2018 Share Posted April 21, 2018 6 minutes ago, rooster59 said: Lottery winners will have to be charged 2 percent stamp duty government and taxes go together; trouble here in thailand is that we pay for a bad government 1 Link to comment Share on other sites More sharing options...
Thailand Posted April 21, 2018 Share Posted April 21, 2018 Must be another submarine purchase that needs funding. 1 Link to comment Share on other sites More sharing options...
Popular Post Cadbury Posted April 21, 2018 Popular Post Share Posted April 21, 2018 7 minutes ago, YetAnother said: illogical (by western standards); a percentage is a percentage, a ratio; the amount of the prizes goes up, so does the percentaged amount Please don't confuse them with mathematical facts they are incapable of understanding. Prasong Poontaneat didn't get to be Director-General of the Revenue Department by being good at sums. 2 1 1 8 Link to comment Share on other sites More sharing options...
ezzra Posted April 21, 2018 Share Posted April 21, 2018 I for one is wondering what to them so long to come up with this money grabbing idea, but having said that, i'm sure many will be happy to pay the tax as long a s they win, as 2% out 6 millions is better than 0.5% out of nothing.... 1 Link to comment Share on other sites More sharing options...
mok199 Posted April 22, 2018 Share Posted April 22, 2018 in simple terms..everything here is a pie ,i'm a pie, your a pie,lottery winnings are a pie ...and thais want a piece of every pie..their piece of the lottery pie just got bigger..saddly..after 20 years in Thailand my pie is nothing more than an old crust... 1 2 Link to comment Share on other sites More sharing options...
terryp Posted April 22, 2018 Share Posted April 22, 2018 underground lottery must be thinking they have literally won the lottery ...these people in charge are just dumb ... 1 Link to comment Share on other sites More sharing options...
edwinchester Posted April 22, 2018 Share Posted April 22, 2018 (edited) This is nothing but a tax grab, bet those who run the local mafia lotto's are looking forward to increased profits. Edit 555 Beat me too it terryp Edited April 22, 2018 by edwinchester 1 Link to comment Share on other sites More sharing options...
tagalong Posted April 22, 2018 Share Posted April 22, 2018 I av to quit now that I am in front...I will not buy anymore as the 2% plus the thieving vendors charging 1 to 2%... 1 Link to comment Share on other sites More sharing options...
Cadbury Posted April 22, 2018 Share Posted April 22, 2018 (edited) I love reflecting on old stories. Particularly ones that quote comments about or by PM Prayut. I came across a TVN story about lottery tickets back on 23rd may 2015. Here are a few excerpts which might draw a laugh or two. 1. "....10 special teams have been assigned to probe the problem of overpriced lottery tickets". 2. "....retailers who sell lottery tickets for more than Bt80 would face up to one month in prison and a fine of Bt10,000". 3. "....The team will interrogate lottery sellers to find out the source of the problem. We will take recourse to the Revenue Code, which is known to crack down on mafias,'' 4. "....Prime Minister Prayut Chan-o-cha has also invoked Section 44 to solve what he believes to be one of the main reasons for the problem". 5. "....Having the support of the country's leader to solve this problem is very important,''. 6. "....The prime minister wants to solve this issue because he believes consumers are being taken advantage of. He always wants to take good care of all his subordinates". 7. "....The office is also looking into the possibility of selling tickets online but it would wait to see the results after the June 16 draw, he said". Having been inspired by these gems of junta governance I will now try to find the old, old story about PM Prayut and the beach chairs. Edited April 22, 2018 by Cadbury 1 1 Link to comment Share on other sites More sharing options...
Ulic Posted April 22, 2018 Share Posted April 22, 2018 5 hours ago, YetAnother said: illogical (by western standards); a percentage is a percentage, a ratio; the amount of the prizes goes up, so does the percentaged amount While I do agree 100% it must be noted that restaurant tips have gone from 10% - 15% - 18% - 20% plus. (in the USA) Link to comment Share on other sites More sharing options...
KMartinHandyman Posted April 22, 2018 Share Posted April 22, 2018 Must be another submarine purchase that needs funding.Actually it’s artillery that’s in the cue but you pinned the tail on the donkeys. Link to comment Share on other sites More sharing options...
pieeyed Posted April 22, 2018 Share Posted April 22, 2018 I wanted to buy 10 tickets with same number. Every ticket seller wanted 1300 baht instead of the 800 baht by law. Mafia. 1 1 Link to comment Share on other sites More sharing options...
Popular Post THAILIBAN Posted April 22, 2018 Popular Post Share Posted April 22, 2018 21 minutes ago, Ulic said: While I do agree 100% it must be noted that restaurant tips have gone from 10% - 15% - 18% - 20% plus. (in the USA) please don't apply these sick and perverted US tipping standards to anywhere else on this planet 3 1 Link to comment Share on other sites More sharing options...
KiwiKiwi Posted April 22, 2018 Share Posted April 22, 2018 Running out of money? No more subs or trips to Hawaii for you!! Link to comment Share on other sites More sharing options...
Dap Posted April 22, 2018 Share Posted April 22, 2018 Of course Link to comment Share on other sites More sharing options...
khunPer Posted April 22, 2018 Share Posted April 22, 2018 The Thai Lottery is said to be the worst lottery to play of all, seems like this makes it worse than the worst... 2 1 Link to comment Share on other sites More sharing options...
DefaultName Posted April 22, 2018 Share Posted April 22, 2018 I'd settle for buying tickets for 80b. Link to comment Share on other sites More sharing options...
Lingba Posted April 22, 2018 Share Posted April 22, 2018 (edited) If you collect from a certain lottery vendor in Phuket ..their take is 3%-4% depending on who you see...now with the increase I wonder if their fees will go up too Edited April 22, 2018 by Lingba 1 Link to comment Share on other sites More sharing options...
Lingba Posted April 22, 2018 Share Posted April 22, 2018 Just now, Lingba said: If you collect from a certain lottery vendor in Phuket ..their take is 3%-4% depending on who you see...now with the increase I wonder if their fees will go up as well e Link to comment Share on other sites More sharing options...
Skeptic7 Posted April 22, 2018 Share Posted April 22, 2018 Just like most price increases here...it always seems to at least DOUBLE . And in this instance, a double would seem fair...compared to this 300% increase! Amusing Thailand 1 1 Link to comment Share on other sites More sharing options...
Skeptic7 Posted April 22, 2018 Share Posted April 22, 2018 4 hours ago, Ulic said: While I do agree 100% it must be noted that restaurant tips have gone from 10% - 15% - 18% - 20% plus. (in the USA) 4 hours ago, THAILIBAN said: please don't apply these sick and perverted US tipping standards to anywhere else on this planet While tips are expected and "the norm" in the USA...still not mandatory. If service is substandard, can leave a reduced tip...or no tip at all. Thais expect tips now too, but certainly not mandatory. However, I would wager a tip that one stands much more a chance of "backlash" from a Thai server than an American server, for leaving no tip. Link to comment Share on other sites More sharing options...
Lingba Posted April 22, 2018 Share Posted April 22, 2018 21 minutes ago, Skeptic7 said: While tips are expected and "the norm" in the USA...still not mandatory. If service is substandard, can leave a reduced tip...or no tip at all. Thais expect tips now too, but certainly not mandatory. However, I would wager a tip that one stands much more a chance of "backlash" from a Thai server than an American server, for leaving no tip. Tip..a great subject not many people are aware of..the acronym T.I.P...stands for To Insure Promptness...originally I believe at various Pubs across England in the 19th century.. some money was given to the waithelp BEFORE the meal ...To Insure Promptness..they received a TIP..for some unknown reason..over the years it got twisted into patrons being "expected" to give money after the meal with percentages applied...my guess is the restaurant owners were behind this as this now made it the patrons responsibility to supplement the majority of the income of the waithelp as they only get paid minimum wage now knowing that they will receive tips to provide the rest...on a side note..it's actually a "gratuity" that is the term given to money given AFTER the service 1 1 Link to comment Share on other sites More sharing options...
Get Real Posted April 22, 2018 Share Posted April 22, 2018 14 hours ago, rooster59 said: He noted that the 0.5% stamp duty had been in use for up to 36 years since the amount of First Prize was set at one million baht while the amount of First Prize now has been increased to six million baht. Now I am well informed. Thanks! I will no longer raise my eyebrows when the shop owners just graduated for university daugther using the calculator for counting 10 + 10. Link to comment Share on other sites More sharing options...
JOC Posted April 22, 2018 Share Posted April 22, 2018 14 hours ago, rooster59 said: Lottery winners to be charged 2% stamp duty instead of 0.5% Again the "government" is out of touch with reality.... To cash in a win today...you have to pay the agent 3% per the 'service'... Just as bad as overcharging for the tickets...In the last draw my wife won 100.000......Amount paid out 97.000 Link to comment Share on other sites More sharing options...
Sir Dude Posted April 22, 2018 Share Posted April 22, 2018 The bankrupt junta are nickel & diming everyone on everything. Pathetic really. 1 1 Link to comment Share on other sites More sharing options...
Somchai Logic Posted April 24, 2018 Share Posted April 24, 2018 On 4/22/2018 at 7:08 AM, YetAnother said: illogical (by western standards); a percentage is a percentage, a ratio; the amount of the prizes goes up, so does the percentaged amount Percentage not same your Country Mister Link to comment Share on other sites More sharing options...
ronaldo0 Posted April 24, 2018 Share Posted April 24, 2018 Will it make me win ?? 10 years I have done the lottery here spending 1000 bht every 2 weeks . Not once have I even came close to winning. Some of the worst odds with lowest prizes of any lottery in the world. !! Link to comment Share on other sites More sharing options...
billd766 Posted April 24, 2018 Share Posted April 24, 2018 On 22/4/2561 at 12:13 PM, pieeyed said: I wanted to buy 10 tickets with same number. Every ticket seller wanted 1300 baht instead of the 800 baht by law. Mafia. I bought 6 tickets yesterday in Khampaeng Phet in 3 pairs. 100 baht each. She also had tickets on sale at 80 baht but they were only singles. One place was selling single tickets at 78 baht. Link to comment Share on other sites More sharing options...
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