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BANGKOK 17 February 2019 02:46


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About ThomasThBKK

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  1. No it's not: https://www.thailandelite.com/at-your-service/card/elite-superiority-extension-membership?locate=en Try again dude that can't even use google.
  2. There's no point. For 50k a year u get a 20 year elite visa (1mio thb) without all those problems.
  3. More Philippines shilling, we get it but we don't like presidents who throw people out of helicopters
  4. The thais do a lot of stuff. There are dozens of good thai accountancts and tax professionals who will tell you the same i did. They will even use the same wording. You wanted to hear the facts. You got them. Companies are way more tax efficient, you can better deduct ur expenses and the profit tax is also max 20 percent. Also you get rid of most liabilities which is especially helpful if you are ever near bankruptcy. If you intend to pay taxes how the law wants it, a company is more tax efficient than personal income declared taxes. Like the thais say, up to you, up to you I just don't know why you even ask if you aren't interested in the truth. You are paying someone to give you wrong advice, you might as well just keep the money to yourself.
  5. That's wrong. It makes a giant difference. Every shareholding after marriage, everything you buy while Married she also owns and vice versa. It's a giant legal pain in the ass. Also there are more than limited controls over a thai company, preference shares and holdings are a thing and so are usufructs and superficies. Not to mention that only a director can sign sales contracts and land is worthless anyway if a usufruct is on a chanote in your name.
  6. You would need a lending license to legally lend money to someone in thailand on a commercial basis. So no these short term loans for immigration purposes are usually not legal.
  7. I am just trying to help you, no need to throw the bar stool attitude at me Just check the official government sources: http://www.rd.go.th/publish/6045.0.html All income above 150k thb has to be taxed with at least 5 percent, the higher you go the more taxes you pay it's a progressive tax sheme. Do u really think you can legally esrn 2 mio thb tax free here?? That's over 50k usd, far more than any country would allow you to earn taxfree. The limit in germany for example is 8k euro in profits. Do you want to know why she told you the 2 mio thb limit and the 400 transaction limit? Because of this new law: https://www.bangkokpost.com/news/security/1587610/new-tax-law-prompts-suspicions-of-snooping This law basically means that banks will report you to the aml and tax authorities if you are over the limit. Do you want to know what she basically is trying to do? She's telling you not to pay any taxes and break the law and to not get caught you should stay under the radar by not doing any more transactions as mentioned above. Of course that's also why she told you not to incorporate a company, because then the tax authorities already know you are running a business. You, well your wife, will be liable for all this and thr crooked account doesn't give a damn if they ever audit you. So that's why the tax accountant wants you to pay him instead of paying the tax authority. He/she is basically stealing your money for telling you how to break the law. Don't believe me or the thai government? Ok but maybe you believe KPMG: https://home.kpmg.com/content/dam/kpmg/xx/pdf/2018/09/thailand-2018.pdf&ved=2ahUKEwjk1oDyrr_gAhWLMI8KHRu1Dz0QFjANegQIChAB&usg=AOvVaw1MdxWsS2EOVNBLxS8DkWf3 There's income tax guidance guides from all big 4 companies and lawyers like tillele and gibbins available on google. Just Google for thailand income tax guidance.
  8. We have many of these career politicians in germany that never worked a single day in theit life. They are far away from the struggle of an average german. I would argue that every self made businessman who takes cares of employees is a better fit for the job as he's way closer to the people. But with self made i mean people like the above mentioned and not the ultra rich thai hiso who got his/her money from his daddy.
  9. Can confirm, used line Messenger service before for changwattana 90 day report as i am too lazy to bring it to the thai elite office. Give him 300 baht for the trip and he is usually back in 2 hours
  10. I hope this comes into effect. A perfect way none of the youth will vote for the current guys in the election... Tourists will for sure love it, coming here to see songkran and not beeing able to get a drink. Must be a TAT approved plan.
  11. It doesn't trigger tax issues abive 400 transactions, it might get your account reported to the BOT as suspicious. Nothing special but newly in thailand. Only an issue for people who scam taxes. Same for the 2 mio thb rule, transactions under 2 mio thb do not get reported automatically ... Once again nothing special. Your tax accountant is a crook. You should run away and get one in bangkok asap. Every info she gave you is hilariously incorrect. Also never ever run a business in a personal name, that's just nonsense and u have all the liabilities... There's a partnership in thailand but it also sucks. Setup a simple limited ay least.
  12. Yeah because losing face here is never an issue right... Why don't you tell him where his mistake is instead of shouting bs here? He still doesn't know and they won't tell him.
  13. Banking in Vietnam is a hassle btw, depositing money is a pain, u need to fill out customs forms and all that shit and have trail of every cent. It's the opposite of thai banking. But i guess he will soon find that all out himself
  14. Vietnam neither has a retirement visa nor sth like the elite visa - not sure why you would think its the path of least resistance. healthcare sucks there, traffic and air pollution is worse than thailand. I like going there for holidays...but thats it...Even as european u get only 15 days visa exempt.
  15. In a hotel only the management jobs can be done by foreigners. The rest is a restricted thai profession. I am not sure if/how the foreigner have to proof that he's qualified as a manager. I guess these foreigners you see there on big hotels are mostly managing the the reception stuff, kitchenmanagers etc and thus get a work permit. Sent from my LYA-L29 using Tapatalk
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