Stef
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Posts posted by Stef
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It happens to me sometimes too. I can always view the jpeg that causes problem with ImageGlass (freeware)
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I have used them to send money to my bank account in Europe. Easy. The most difficult was to register with them (scan and send them a copy of your passport, answering their questions, etc).
Money was credited after about 24 h.
I found that they are cheaper than a swift transfer through my bank.
The total cost (DeeMoney's fee, exchange rate loss, fee charged by receiving bank) for 4,000 euros was about 40 euros. When I used my Thai bank (Krungsri) I usually paid about 80 euros all included.
I don't know for the USA.
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On 11/29/2020 at 5:08 PM, Scot123 said:
It's not! In my experience The Thai Public are drowning in debt factors borrowing off Peter to pay back Paul. To even bring the west into compare is like comparing diamonds and coal.
Only the poor do this and it is not significant. The 10% richest Thais own 76.6% of the wealth of the country (Credit Suisse Global Wealth Data).
The 50% poorest own about 2% of the total wealth.
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My wife is Thai. She is director/shareholder of our company. She has paid THB 432 every month for years. The SSO has always refused to accept her in the SS system like any employee. She went to the SSO a few months ago (Bangkok) and asked what will happen when she would like to retire. They told her that she has 2 choices:
- Keep on paying THB 432 forever and not getting any pension money back.
- Requesting her pension, stop paying THB 432 and getting insured under the poor "30 Baht scheme" like any Thai citizen.
Considering the amount she would get and the poor quality of service with the "30 Baht scheme" she has decided to keep on paying and not getting a pension. That's what the woman at the SSO office advised if you don't really need the pension money for living.
For you, it would be keep paying until you die and get government medical insurance forever or getting a pension and not being insured anymore. I know it's unfair.
They also told her they would not accept her to stop being a director/shareholder and becoming a regular employee just a few years before the retirement age.
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20 hours ago, CLW said:
I use KBank app. Works well for me.
I don't have another bank account.
On a side note, no app will allow installation on rooted / jailbreak phones even if you have security net installed.
FYI I have a rooted Android phone. No problem with Kasikorn, Krung Thai and Krungsri apps so far. You should use and set Magisk so that they don't see you are rooted.
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Even now Thailand exports more than it imports and Thailand has very little foreign external debt compared to foreign currency reserves. Most of the government debt is to Thais. Source: Tradingeconomics. It is why the Baht is so stubbornly strong even after the total collapse of the tourism sector.
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I have been in the Thai social security system since January. I was given an official card after a few months. If you are registered at an hospital telling them your social security number should be enough.
Before getting the card I went to the information counter of an hospital and they checked in their computer system. It was OK and they printed a piece of paper showing my status.
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It depends on your business. You must pay VAT, withholding tax and employee social security, etc. monthly.
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I am 56 and work legally in Thailand. I and my employer pay social security contributions.
I would like to switch to section 39 (voluntary insured, THB 432/month) when I will stop working to keep on getting medical coverage.
As retirement age is 60 in Thailand, should I resign and switch before I'm 60 or can I keep on working and switch any time?
Has anyone ever successfully switched to section 39 after 60?Thanks
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38 minutes ago, kralledr said:
i run my company 9 years now i surely never paid that much...
I have also run my small company for 20 years. I think NightSky's annual cost estimation is very reasonable if everything is legal (at least employee income tax, accounting cost and social security). If you can do much better I am interested to know how you do it.
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I will have to go to Chaeng Wattana to get my annual extension of stay stamp after the 1 month under consideration time soon.
I plan to arrive at about 7 and get a ticket outside first. At 8.30 I will go in and get a new ticket inside. Does anyone have any recent experience of how long it will take to get my stamped passport back?
Thanks
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Thank you for your confirmation
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An American friend is currently with a business visa. He will stop working soon and his visa will expire. He would like to stay with his Thai wife (legally married) and children while he tries to find a new job but does not have THB 400,000. I have read that Savannakhet immigration does not request any evidence of these funds for getting a 90 day visa. Is it still possible? Is it the only place where it is possible? He lives in Chonburi.
Thanks for your help.
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I used Fast Moving twice (fastmovingthailand.com) and I was satisfied by their service.
You may contact them with the volume of what you plan to move. A team of 6 people will go to your place with a truck. They will pack everything and use bubble wrap to protect your furniture during the move. It was also in the Thonglor area. The price was THB 12,500 Baht + THB 30 per carton that they provide.
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Yeap, getting the appropriate court docs is about it...basically validates surviving spouse has rights to the money of the deceased spouse versus someone else. As you know, Thailand haven't reached the point of financial law development yet allowing a person to declare a beneficiary on bank accounts; instead, they do the court probate process.
And regarding your fixed account, I get the impression that you may have just let it ride along in a 3 month fixed account (which matured fixed accounts automatically roll over into) which earns a lot less interest (currently earning 1.125%) than other fixed accounts promotions like their current 11 month 2.8% promotion...way over double the interest of a 3 month fixed account. And since 15% withholding tax has been applied each time a traditional fixed account matures please don't tell me you have not been filing for a refund of that withholding....it's not a hard process. If you have indeed just been letting the money ride in a 3 month fixed account and also not filling for withholding tax refund, you would be much better off in a hybrid fixed account like the Krungsri Bank MeeTai Dai hybrid fixed account currently paying 2.3%, no tax withheld as long as you don't exceed Bt20K interest earned per year, and you can make two free withdrawals per month (Bt50 fee for subsequent per month withdrawals) without in interest penalty like a traditional fixed account has such as the Bangkok Bank traditional fixed accounts. Please disregard this last paragraph if you have been rolling your money over into the best Bangkok Bank fixed account promotions whenever your current fixed account matures (and filing for withholding tax refunds).
I did not know about the Bt 20K limit for not withholding tax on interest of a Mee Tae Dai account. I did not see that in Krungsri's website. Are you sure? Where did you get the information from?
The Mee Tai Dai savings account for tax withholding purposes is treated like a regular savings accounts which means interest is not withheld until you exceed Bt20K interest per year. However, for "fixed" accounts the 15% withholding rate is applied for any amount of interest earned...even below the Bt20K level.
For those folks who are maintaining large amount in Krungsri Bank Mee Tai Dai accounts which would result in more than Bt20K interest earned per year apparently they have opened several accounts to ensure none of them exceed Bt20K interest per year. Was apparently recommend by the bank reps. You would think the bank would trigger on "aggregate" interest among the like accounts but apparently they don't.
Thanks for the information. I'll go and ask my bank if splitting my money between 2 accounts will help avoid the withholding tax refund burden.
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Yeap, getting the appropriate court docs is about it...basically validates surviving spouse has rights to the money of the deceased spouse versus someone else. As you know, Thailand haven't reached the point of financial law development yet allowing a person to declare a beneficiary on bank accounts; instead, they do the court probate process.
And regarding your fixed account, I get the impression that you may have just let it ride along in a 3 month fixed account (which matured fixed accounts automatically roll over into) which earns a lot less interest (currently earning 1.125%) than other fixed accounts promotions like their current 11 month 2.8% promotion...way over double the interest of a 3 month fixed account. And since 15% withholding tax has been applied each time a traditional fixed account matures please don't tell me you have not been filing for a refund of that withholding....it's not a hard process. If you have indeed just been letting the money ride in a 3 month fixed account and also not filling for withholding tax refund, you would be much better off in a hybrid fixed account like the Krungsri Bank MeeTai Dai hybrid fixed account currently paying 2.3%, no tax withheld as long as you don't exceed Bt20K interest earned per year, and you can make two free withdrawals per month (Bt50 fee for subsequent per month withdrawals) without in interest penalty like a traditional fixed account has such as the Bangkok Bank traditional fixed accounts. Please disregard this last paragraph if you have been rolling your money over into the best Bangkok Bank fixed account promotions whenever your current fixed account matures (and filing for withholding tax refunds).
I did not know about the Bt 20K limit for not withholding tax on interest of a Mee Tae Dai account. I did not see that in Krungsri's website. Are you sure? Where did you get the information from?
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Yesterday, I went to Chaeng Wattana to get my 17th extension of stay based on marriage.
As usual, I brought 2 photos with my wife, one inside the house and one outside showing the house number.
The officer told me that it was not acceptable anymore.
She wanted 4 photos including some with our 15 year old daughter.
I had to go again today to give her the 2 missing photos.
This information may be useful for people who are going to do their yearly extension.
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FYI, household debt as a percentage of GDP:
Japan: 235%
USA: 124%
Canada: 110%
UK: 95%
Germany: 86%
OECD 2012 data
Can you please post the link to the specific source of this information because what you're telling us doesn't correspond with other sources
for example, your claim is that USA is 124% whereas this source shows only 80.57%?
And I would never have expected the Japanese to have household debt that high (whereas government debt has been quoted around those levels?)
You are correct. I mixed up two tables.
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FYI, household debt as a percentage of GDP:
Japan: 235%
USA: 124%
Canada: 110%
UK: 95%
Germany: 86%
OECD 2012 data
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People interested in these matters may install an app called water4thai for IOS and Android. It shows the current levels of all dams in Thailand and compares with previous years. It is in English and Thai. Data are updated almost daily.
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These tax rates were decided by the previous government. I already paid tax on my 2013 income with these rates.
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I read in PWC's Thai Tax 2013 booklet that "New personal income tax rates to be effective on 1 January 2013 have been approved by the Thai Cabinet but the required legislation has not yet been promulgated".
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I have a Krungsri account. You can easily set and edit nicknames in "My Favorite Transfer". I have 5 names saved in the "To Other Krungsri Account" tab and 11 in the "To Other Bank Account" tab. I don't think there is a limit.
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Yea, they probably do have some type of agreement. But having the title of a "free trade" agreement does not necessarily mean everything between the two countries is customs/import tax free; it just means the two countries have agreed that X-amount of import tax will apply to different categories of items...like anywhere from 0% to XXX%. But hopefully, the majority of the items covered in the agreement are import tax free. Say the pre-agreement import tax was 50% for product XYZ; under the free trade agreement the tax may be reduced to 20% or maybe 5%..or maybe 0%. Usually the reason trade agreement between two countries take so long to negotiate is because of special interest groups in each country that want to protect their industry from the other country's competing products by keeping an import tax of X-percentage on various products.
I know for a fact that a Thai based company selling electronic devices made in China import them tax-free . . . hopefully for the OP the FTA extends to mobile handsets too.
Thanks for the information. I have ordered the phone without asking the supplier to lie about the value. I hope to have only the VAT to pay.
Stef
Copies of documents at Change Wattana
in Thai Visas, Residency, and Work Permits
Posted
I have been doing "Thai wife* annual extensions for more than 20 years. Last year for the first time I was asked to provide 2 copies of each document instead of 1. Is it still the rule at CW this year?
Thanks