.png.3b3332cc2256ad0edbc2fe9404feeef0.png.8488ab72b8bb2e508209bfe3211b6e08.png)
Indonesia Finance Minister warns of ripple effect from China's Evergrande debt woes
-
Recently Browsing 0 members
- No registered users viewing this page.
Announcements
-
Topics
-
-
Latest posts...
-
7
Marrying a Thai Wife: Overrated or Underrated?
I pay my MIL 3,000bht a month NOT to live with us. If she comes to visit -100bht for every day here. Result ....... not seen her for 2 years .... well worth the money ..... so much for close family bonds! -
107
Trump and his followers.
That's what my teachers said about me. At 83 I appear, however, to have not done too badly in life... -
194
K bank E-mail with Tax Forms attached ?
I am a Belgian citizen and my official residence is still in Belgium although I am actually living here on my Non Imm O Visa extension. Unfortunately, I have only one Thai bank-account and I need that Kasikorn account to comply with the financial requirements for my annual Non Imm O 1-year extension (+800K). Opening another Thai bank-account in the vain hope that they will not ask these CRS-imposed bank requirements would be a pain, as all Thai banks will eventually go along with these requirements. From what I read thus far, two things have been clarified already: 1 - The e-mail specified a 'certified copy of your passport', but turns out that this is just bad Thai-English speak as they only want a copy of your passport ID-page with your signature. 2 - Kasikorn provided a (helpful) TIN request form, so you do not need to go in person to the Thai Revenue service to get hold of it (many people that did this, where even turned away at some offices as 'it was not necessary for them'). Obviously you DO need the Thai TIN-number to meet the bank requirements, as non-compliance may and probably will result in your bank-account being closed down. As you have only till 20 December to comply with their 'request' I will already apply on-line for the TIN-number. The Thai IRS will provide the information that I have a Thai bank-account to the Belgian tax-authorities (the main reason for this whole CRS set-up to avoid tax evasion). As the money on my Thai bank-account did come from my Belgian account and has been taxed already, it should not result in any additional taxes being raised as I am under the tresshold-limits that would make me eligible to pay Thai taxes (the Belgian taxes being higher and already levied). True, the Belgian tax-authorities may tax me on the interest of my 800K on my Kasikorn bank-account, if the Thai tax I paid o that is lower than what Belgian authorities would apply, but the amount of administrative hassle for getting hold of a very small amount would make it not worth pursuing for them (but you never know in bureaucracies). A possible negative consequence of this whole operation for me could be that Belgian authorities would now have some 'reasonable suspicion' that I am not living in my home-country where I still have my residence. Of course I could say that I travel a lot and am not in any foreign country +180 days a year, but when they request me to provide a copy of my passport pages, that would of course be conclusive proof that I am more than 180 days a year in Thailand, and that I should thus be written out of my Belgian residence and fall under the Belgian embassy in Bangkok. But there is very little incentive for them to do this, so I hope that it will never come to that. In short > somewhat of a headache, but as it looks now, it's a relative small effort to comply with Kasikorn's request and not doing so - resulting in the closure of my Thai bank-account with them - would be a far bigger problem. And note that the logical next step in this saga would be that the Thai Imm Offices would require your Thai Internal revenue TIN-number when applying for a Non Imm O Visa or the extension of it... -
5
4-Year-Old Boy Drowns in Reservoir Construction Site
Tragic but completely avoidable with a little thought. Allowing children to play on a construction site is always dangerous, especially where water is involved. Why wasn’t the grandfather or other family member looking after the child? -
8
White House Retreats from Public Eye After Trump Victory
She went on vacation, but vacation from what, I mean she doesn't work? -
194
K bank E-mail with Tax Forms attached ?
If you have a Yellow Tabian Baan, you DO already have a TIN. It is on the 2nd page headed Thai I.D. number. That is the TIN that my local Office gave me. -
44
What the flip is this flying monster in my condo and how do I make it go bye bye?
Correct, completely harmless, no teeth, no poison! -
2
EC persists in Thaksin investigation despite court ruling
Smokescreen. Whatever happens the outcome will remain the same. PTP are needed to maintain the Royalist Military Elites Establishment's grip on power and a continuation of the status quo.
-
-
Popular in The Pub
-
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