chiang mai Posted October 23, 2011 Share Posted October 23, 2011 Anyone wishing to understand how to reclaim the 15% tax on savings should do a search in this forum since the topic was discussed at length about three weeks prior, it will come as no surprise that the method seems to change based on where you live in Thailand! Link to comment Share on other sites More sharing options...
garrfeild Posted October 24, 2011 Share Posted October 24, 2011 (edited) That's not entirely true. I deposited 400.000 into Kasikorn Bank for nearly three years at 4.5% interest rate. I cannot withdraw this money untill the end of 33 months You cannot withdraw under any circumstances? That would be very unusual if really true. You do not need to bring in any additional amounts in subsequent years. I'm not in the habit of making up stories unless asked to. I am talking of my own personal experience in this matter. It is upto each to decide for themselves if they want to believe me. What you have been told is not correct. The funds can be withdrawn, however there will be an interest penalty. I may have been misslead by the Bank staff, But do you have the same account with Kasikorn Bank that you know this for fact? It is a Timed account, which to my understanding means you can't withdraw funds till after the time is up. Besides which if there is no need to withdraw the funds under a penalty clause, why would I want to do that. 4.5% interest is not bad compared to .50% from a UK bank. Edited October 24, 2011 by garrfeild Link to comment Share on other sites More sharing options...
sms747 Posted October 24, 2011 Share Posted October 24, 2011 Anyone wishing to understand how to reclaim the 15% tax on savings should do a search in this forum since the topic was discussed at length about three weeks prior, it will come as no surprise that the method seems to change based on where you live in Thailand! good advice if the search feature ever worked, type in re claim tax on savings and you get 'no results found' Link to comment Share on other sites More sharing options...
chiang mai Posted October 24, 2011 Share Posted October 24, 2011 Anyone wishing to understand how to reclaim the 15% tax on savings should do a search in this forum since the topic was discussed at length about three weeks prior, it will come as no surprise that the method seems to change based on where you live in Thailand! good advice if the search feature ever worked, type in re claim tax on savings and you get 'no results found' Works just fine for me! Link to comment Share on other sites More sharing options...
sms747 Posted October 24, 2011 Share Posted October 24, 2011 [quote name=chiang mai' Works just fine for me! http://www.thaivisa...._1#entry4722437 thanks CM Link to comment Share on other sites More sharing options...
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