.png.3b3332cc2256ad0edbc2fe9404feeef0.png.8488ab72b8bb2e508209bfe3211b6e08.png)
Central bank keeps benchmark interest rate at 1.5 percent
-
Recently Browsing 0 members
- No registered users viewing this page.
Announcements
-
Topics
-
-
Latest posts...
-
583
UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud
Only if they have enough prior evidence to warrant a court order to see you accounts -
364
BREAKING NEWS Biden lifts restrictions on Ukraine using US weapons to strike deep inside Russia.
I'm an American living in the Naklua area of Pattaya. As for the world oil supply? It isn't rocket science. Any substantial increase in the world oil supply will likely affect oil prices. Russia's existing customers would benefit from cheaper oil. Russia would see less revenue. None of this occurs in a vacuum, though, but will unfold over time. And yet the war is at a crucial moment. It will be over before any "drill baby drill" benefit kicks in. And don't forget the world Economic situation which is also at a critical juncture, of sorts. Wars must be financed, no? The USA is on the verge of bankruptcy and is about to have a new president and a cost cutting surge the likes of which has not been seen in recent history. It cannot afford WW III. Germany is broke. The UK is broke. France is broke. And the European NATO countries have militaries that can't do much independently over an extended period of time. Can those countries using fiat currencies continue to borrow money? Perhaps. Then again, maybe not for too much longer. China is floundering., as is Japan. Mountains of debt. Anyway, it''s all over for Ukraine. Their best hope is to stop the hostilities and come to an agreement with Russia. Maybe they'll retain what's left of their country. You might not like the alternative. -
95
Witness Claims Matt Gaetz Had Sexual Relationship with Minor at Florida Party
Sorry kids. It's not an investigation 7 years after the "fact". The investigation of Gaetz' pecadillos was started in 2020 by Twitler's own DoJ. -
13
UK Immigration - Stranger Danger!
People tend to stop complaining about illegal immigrants when they are sat at home and hungry and they order a Kebab from Grab and an illegal immigrants makes the kebak then an illegal immigrant delivers the kebab on a motorbike to their house -
298
Thailand Visa Exemption (60 days) and Visa On Arrival (VOA) (15 days)
Hi all, My family is going to be doing a border run at the Chiang Khong - Huay Xai land border crossing. They just had one visa exemption and this will be the second. Previous people on here said that shouldn't be a problem to get entry. However. someone posted on a different app that they were required to show 10,000 Baht and also a return/onward ticket to gain entry. I'm wondering whether this is really true or if it's strictly applied. Getting an onward ticket is a hassle since it requires trying to get some kind of refundable ticket. If they require showing proof of funds, is credit and/or debit card sufficient or you really have to show a wad of cash? Thanks! -
22
TM30 - real estate agent reports online, but you still need to go and report it yourself!!!
I have had no issues with my TM30 online at the Jomtien immigration. My account does it for me and I print it out and give it to them when I go for my retirement renewal. Never an issue and I don’t keep a copy of it or the 90 day online approval in my passport. I also make sure not to use my passport in hotels when traveling in Thailand, so they don’t do a TM30 while I stay there. Use my Thai ID. This alone can cause you problems and you have to re submit one when you get home. -
36
Little Minds come from Minuscule Screens?: Ever wonder what's wrong with kids today?
If you use each screen to display no more than two books, then it's much less overwhelming. I guess you did not understand me. I was speaking of using 4 screens for reading books, only, and mostly for research purposes. Of course, if someone like you might use your 4 screens to play FOUR computer games, simultaneously, then... This would soon overwhelm almost anyone. For research purposes..... 4 monitors is the right number. 3....monitors attached together on the bottom level. This gives you a wrap-around horizontal length of about 165 centimeters (using 3 27-inch Benq's) Then, you got 35 centimeters high, on these three monitors. So.... 165 times 35 centimeters equals 5775 square cm. Then, above your 3 attached monitors (not lizards), you have your 4th 27-inch Benq....coming in at about 59 cm by 35, which equals 2065 square cm. GRAND TOTAL for one comp = 7840 cm*2 Now, compare that to my A55 5G screen: 7.5 by 16 = 120 cm*2 This is why, before I bought this A55 5G, I had not become as narrow minded as others on this forum. Now, though....I am. Also, this is why an iPAD or an Apple laptop is GARBAGE for any serious study or research. You need more than one screen for opening various books, via PDF or ePUB, or whatever.....simultaneously. ALSO, I never use that GARBAGE KINDLE garbage ..... I use FING ..... CALIBRE...and.... You should....TOO !!!! It's free. And, it works great. And, it can open almost anything..... And, the original developer was a GENIUS out of CAL-TECH....tooooo... What more do you want????? -
0
Gifting the Spouse
Gifting is a little complicated, with two tax regimes and international transfers. But this is what I think I understand so far. Thailand: Gifts may be taxable events for both parties. A spouse may receive up to 20 million baht as a gift every year free of tax. Excess is levied a gift tax of 5%. There doesn't seem to be a filing requirement unless tax is due, but I'm not certain of that. The donor can gift funds from within Thailand with no tax implications to self. Funds sent from outside of Thailand are remittances, and are subject to the standard tax regulations. Irrelevant if the purpose is a gift. Two separate events. Tax on the remitted funds is based on assessability and donor's TEDA, with excess taxed as personal income at rates up to 35%. No tax is levied on the donor for giving the gift. USA: Receiving the gift within exclusion limits is tax-free for the donee. Any gift tax is paid by the donor. Gifts to spouses are generally tax-free, up to a lifetime limit of $13,600,000. Gifts to foreign spouses is capped at an annual tax-free limit of $185,000. IRS Form 709 is used to declare and pay gift tax. Form is not filed if no tax due. A null filing might be useful as documentation for future Thai filing questions. The solution would seem to be setting up an individual brokerage account in the spouses name outside of Thailand. Let's say I gift my wife 1 million baht annually, currently about US$29,000. I sell funds in MY individual account and pay the capital gains taxes if any, and transfer $29K into her individual account as a gift. There is no US gift tax, as I am under the $185K annual threshold. She has cash in her account without worrying about cost basis had I transferred shares previously owned. Form 709 is not required, but a null form may be filed for documentary purposes. There is no Thai income tax for me, as no money has been remitted into Thailand. There is no Thai gift tax for the spouse, as we are under the 20 million baht annual limit. I can do this every year, and when I eventually expire, she will have more than enough funds to live on until the IRS provides the Transfer Certification, which can take up to a year. She should be able to remit the funds herself at any time, either by SWIFT or wise, as non-assessable prior gifts. She can keep the funds indefinitely in her US-based individual brokerage account, we will invest in ETF's and start earning more than the pitiful 1.5% she could get if brought in to Thailand. That will require a W8-BEN withholding form for the brokerage, and she'll also have to start filing US tax returns. If she can get an ITIN, I'll have the option of filing Married filing Joint. Or perhaps keep it simple, and she can file herself to keep her gifted funds separate from mine. Any comments, constructive or otherwise?
-
-
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