Jump to content

tomacht8

Advanced Member
  • Posts

    5217
  • Joined

  • Last visited

Posts posted by tomacht8

  1. As a Bangkok taxi user for decades, I can only say that the taxi service has gotten significantly worse recently. An estimated 75% of taxi drivers don't want to use a meter and offer their fantasy prices through their rolled down passenger side windows. As a recognizable tourist/foreigner you have to be patient and hail many taxis until you find one who is willing to use his meter. Apparently these rip-off taxi drivers do not have to fear any sanctions from the authorities.

    • Like 1
  2. A friend now has the following idea:

    His daughter is studying in Europe and will definitely be in Thailand less than 180 days per year. The daughter has two passports (Thai/Europe), her primary residence for her studies is in Europe. His daughter has her own online bank accounts in Europe and Thailand. My friend deposits his money in Europe into his daughter's European account. The daughter then transfers the money from her European account to her Thai account. After his daughter transfers then the money from her Thai account to the father's Thai account. My friend's idea sounds logical or is he missing something?

    • Like 2
  3. 5 hours ago, Mr Meeseeks said:

    They will take the money first and expect the foreigners to prove it is not taxable.

    The same thing has been done for years with capital gains. Savings interest and dividends are reduced as a percentage by the applicable tax rate and withheld at source (by the banks). When the tax year is over, you can then use your personal allowances to try to get some of the withheld capital gains taxes back. This process has been used for years in my stock portfolios and savings accounts both in Thailand and in Europe.

     

    However, I 100% doubt that this procedure can generally be used in Thailand for simple (all) money transfers from abroad. What will happen, however, is that all taxable residents (stays over 180 days a year) will receive mail from the tax office and you will then have to declare your “taxable income”. After that, it will probably only be possible to carry out random checks, as this sort of thing is quite time-consuming and personnel-intensive for the tax authorities.

     

    There are usually 3 checking/recording systems running in the tax offices:

    1. Bank data evaluation. Banks must report customer data to the tax office. What is interesting for the tax office are quite large transfer amounts from abroad from private individuals to private individuals.

    2. The tax return itself. Where questions arise about plausibility (From what did the taxpayer actually live on)?

    3. Third party notices from jealous neighbors

  4. 1 hour ago, stat said:

    The western union way is no real solution as you are still technically "remitting" money to Thailand. I assume you will have to declare money before landing (in future) and if you dont and get cought you have a big problem.

    Everyone has to declare their money at thai customs if they are carrying more than the equivalent of 20,000 US dollars. Those who carry less are currently not required to register. The idea, that customs at the airport asks everyone how much cash they are carrying is absolute improbable

    , given the hughes numbers of visitors arriving every day. 

    It will hopefully will takes many decades before the dream of every government in the world: - a completely cashless society, and before a complete control over people's cash transactions - becomes a reality.

    • Thumbs Up 1
  5. 6 minutes ago, Lorry said:

    It would be  legal to bring it into Thailand

    It would be illegal not to pay taxes on it.

     

    Taxable is "income...brought into Thailand" (RD order 161/2566).

    It doesn't matter how you bring it into Thailand,  as a bank remittance,  as cash or whatever. 

    The amounts you are talking about are quite noticeable upcountry, you would make yourself vulnerable. 

    Who wants to check how much money I have in my pocket when I arrive by plane from abroad? The reporting obligation only begins at 20K US.

×
×
  • Create New...