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48
Options for investing Thai baht
I do not have answers to those specific questions, but one thing to consider , when (as a Thailand tax resident) is the Double Tax Agreement between Thailand and the country where one would otherwise keep their money (if kept outside of Thailand). And also consider Thai tax law. Capital Gains: I read tax residents of Thailand do not pay capital gains tax on profits from trading equities listed on the Stock Exchange of Thailand (SET), provided the trades are made through the exchange. But I also believe, for a tax resident of Thailand, the capital gains from trading foreign stocks on a US stock exchange may taxable in Thailand, but only taxable if the income is remitted into Thailand (unless one is on an LTR visa category that exempts one from such taxation). In the case of Canada brokerage, for a tax resident of Thailand, per the Thai-Canada DTA, I believe the capital gains on profits of equities in the Canadian brokerage ARE taxable in Thailand (but not in Canada). Again, i believe the capital gains are only taxable in this case if the capital gains are remitted into Thailand (unless one is on an LTR visa category that exempts one from such taxation). Other DTAs with different countries may be relevant here. Dividends: For a Thailand tax resident, any dividends received from a Thai-listed company are, I believe, subject to a 10% withholding tax. For Thai residents, you can choose to either accept this as a final tax or include the dividend income in one's annual personal Thai income tax filing and potentially receive a tax credit. If accepted as a final (10%) tax the money is not to be included in the Thailand tax calculation. That could be advantageous. If the dividends are from a foreign brokerage (ie a brokerage located outside of Thailand) then Double Tax Agreements come into play. For example, if a Thai tax resident has a Canadian brokerage (ie brokerage office in Canada), dividends from that brokerage account are taxed at 15% in Canada (per the Canada-Thai DTA) . However Thailand may also tax those dividends when remitted to Thailand (and hence one may need to obtain tax credits). Again, currently, an LTR visa category that exempts one from such taxation by Thailand. Other DTAs with different countries may be relevant here. Interest: In my experience as a tax resident to Thailand, Thailand banks can withhold 15% tax on one's interest for money in the bank. The tax resident can choose to either accept this as a final tax or include the interest income in your ones personal Thai income tax filing and potentially receive a tax credit. If accepted as a final (15%) tax the money is not to be included in the Thailand tax calculation. That could be advantageous. If the dividends are from a foreign bank (ie a bank located outside of Thailand) then Double Tax Agreements come into play (and obviously the tax law of the country where the money is located). My understanding in the case of Canada, for most cases, Revenue Canada does not tax interest earned in Canadian banks. However when that interest is brought into Thailand, it may be taxable in Thailand. Again, currently, an LTR visa category that exempts one from such taxation by Thailand. So what is my point? My point is just thinking one is better off with earning interest, or investing in equities for dividends or Capital gains outside of Thailand, is better, may or may not be the case. The Double Tax Agreements between different countries come into play - as does Thai tax law - and as does the foreign country tax law. Nominally this is complicated - at least I find it complicated - and just assuming one can do better with their money in or out of Thailand, without researching tax law and DTAs can lead one 'down the garden path' to be liable to pay tax that could have been managed better. One shoe does not fit all here, in my view. -
20
Cars - Buying New Or Used in Thailand
Good advice, But how do I take the battery out of my EV? -
115
How much should you pay a girl if you ask her to stop working?
i see sex work as just another job, are you religious ? maybe a bible basher? -
91
Crime CCTV Shows British Man Vandalising Pattaya Woman’s Home
Find him, make him pay for all the damage, lock him up in a Thai jail for a year, and then deport him! 😡 -
10
Waterproofing Grout
I've use pool-grout widely for all outdoor tiles – including terrasses on top of rooms – and where waterproof is needed, like bathroom floors. Both Weber and Crocodile has excellent pool-grout products, also in smaller quantities. I've mainly used the Weber-products for wetrooms, pool and outdoor. Link to Weber here... https://www.th.weber/en/search-content/content_type/product/activities/tile-grouts-21/area/swimming-pool-99 -
113
The mainstream media are digging their graves
But we know political leaders do that, we don't want our media to do that.
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