chiang mai

Each to their own, I reckon a good fund manager stands a much better chance than me.

I don't want them to beat the market year after year, only this year.

I continue to invest in global equities and to mostly steer away from index trackers. I realise that trackers such as Fidelity Index World and HSBC FTSE All World produce consistently higher than average returns but the lack of control in a downmarket is scary. I like the idea of having a fund manager who can swap out of high risk and rapidly falling territories and sectors and into something less risky. My three main global equities funds are now these: Guinness Global, Royal London Global Equity and Columbia Threadneedle's Universal Map Adventurous. The latter is run by David Niven who has successfully managed the F&C Investment Trust for many years. My Asian interests are managed by Invesco Pacific which spreads risk across Japan, India, China and EM's. I have some bonds funds and a strategic bonds fund that has done exceptionally well. I also hold an L&G US Index tracker and a VG small caps fund. All in all I'm very happy with my holdings and can imagine them remaining as is for some time. But I do think we're at that time when markets will correct, in fact, that time is past due.

Welcome to my ignore list, bye.

On the first page of the document I pointed you at, it says this: TAX EXEMPTIONS DEDUCTIONS & ALLOWANCES (TEDA) So I think my response was useful and I did answer your question!

TEDA is the THai Revenue Department terms for tax exemptions deductions and allowances, its their acronym..

I strongly suggest you read the first post in this thread, TEDA are relevant to everyone.

Your common sense approach hasn't done anyone any favours so far, if anything it's been a massive distraction and given only false comfort. You argued aggressively for many months that there was no penalty for not filing - there is. You swore to members they don't have to file null returns and you ridiculed those that had filed - it seems millions of people do. You want everyone to follow your idea and only do things that make sense to you and you now think the clerks in TRD will go along with this, you also tell us that nobody has ever been fined blah blah. You're trying to create your own rules for foreigner tax operations here when clearly you know less about Thai taxation than many members. TBH Jim, if somebody wanted to get into trouble with the TRD here, they only need to follow your advice because it's a fast track certainty. You may know your stuff when it comes to US taxation et al but you really ought to back pedal when it comes to telling people how to manage their Thai tax affairs.

Those responses should not come as amy surprise to anyone who has lived here for a while, even the bank branches and Immigration offices give different answers to the same questions, depending where you are and who you see. It has been widely acknowledged in many of the video's and interviews I have seen it said several times that TRD HQ has done a poor job of communicating to the regions on this point, and then of course we have Region to District communications on top of that and District to Branch as well. Typically, the closer you are to the center, aka Bangkok, the better your chances of getting the right answers.

I have read that issuing Tax Clearance certificates was originally suspended following protests by the Embassies, who thought obtaining one was too complicated and time consuming. If that was true, it seems unlikely they will want to go down that same road again. Yet they may still want to enforce compliance with the tax laws and the visa process would be the perfect mechanism for that. If I was them, that's what I would do.

I would caution against using common sense as a guide to determining your actions. I would want to be guided by the letter of the law and the written (not spoken) word, no more, no less. I think where people get into difficulty is when they try to interpret things and give themselves the benefit of the doubt, because it only makes sense.

If the 30k/month is within your TEDA range, I personally might not declare them....but that's just me.

No, nothing has changed much, only peoples awareness and understanding of the issues has improved. An ATM withdrawal from an overseas bank is no different from a bank TT to your personal account. Whether or not TRD is looking at/going after such transactions in another story completely. Whether or not individuals should declare them on a return is not only another story, it's another library! If the ATM transactions in question were sporadic and intermittent, with low value, I would forget them if I were you. If the ATM transactions were daily and high value, I would declare them in heartbeat...assuming they were assessable funds. Somewhere in-between is you, you must decide where in-between and perhaps that will guide you.

Or somebody from TRD might just say, "fooled, ya, we were only joking, you farangs are soooo gullible". 🙂

I'm not sure TRD will be able to handle pre-emptive tax measures that explain why and how something was done that hasn't been reported. You appear to be emulating the steps you might take in the US, I wonder how appropriate that is here,