ThomasThBKK
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Posts posted by ThomasThBKK
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1 minute ago, JackGats said:
Bring cah to Thailand and use it to pay your regular girls in Euro or Dollars.
Just get an offshore loan transferred into thailand using your stocks/bonds/assets, pay it off with offshore dividends.
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36 minutes ago, SuperSaiyan said:
There is no difference in where it is sourced anymore and it doesn't matter if it's dividends - if they are brought to Thailand, they will be taxed.
Absolutely incorrect.
Dividends paid by US companies/US index funds etc are taxed in the US already with 15% withholding taxes.
Thailand has a DTA with the US and this is part of it, thus those will be tax free. Many other such DTAs exist.State pensions and co from western countries are also mostly exempted etc.
The main issue is, thailand taxes capital gains of foreign stocks as income, thus having one of the highest cap gains taxes in the world... Also the paperwork ....
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15 minutes ago, John Drake said:
I'm thinking it is, because it seems designed to catch Thais' overseas income. At least if your wife has no income, however, it will give her a cushion before any taxes are owed. My wife already makes more at her job than I do with my social security and retirement annuity. We would pay even more if I tried to transfer money from overseas to her, I'm guessing.
Think there's a gift allowance of 20 mio thb per year for married couples.
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15 minutes ago, QuantumQuandry said:
Yes, it does cost more to bounce between two places. You are totally right. It's an option, though. Everyone's situations is different.
It's not only the cost... friends, pets, home, relationships... you can have multiple houses but only one home.
I have zero interest in bumming around the world these days, those times are behind me, would just be a strain on relationships, friends, family, not to mention house maintenance etc.- 1
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6 minutes ago, NorthernRyland said:
The deal was you paid your visa fee and now are spending money in the local economy so why do they need more money? Seems like a money grab from greedy government officials.
It's a transfer from THAIS to the government. The money u waste on taxes won't be invested in actual thai businesses. Basically all they do is stealing from their own people in the end.
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5 minutes ago, jayceenik said:
was immediately hit with a new govt new Thailand taxation obligation and had to declare an artificial "income" to get a visa.
That's when I got my first TIN.
There was that retired American ex-UN librarian with a villa in Pattaya who got hit too by surprise and honestly (!) declared his (big) pension.
The Thai income tax he'd have had to pay was so enormous that the tax employee he reported to agreed that he'd only have to declare a much reduced amount.
You also had to get a tax clearance certificate right? I wasn't here but i have at least read that.
Without it you couldn't leave the country - that's the real scary part.
Vietnam does that too, they can hold you hostage if they aren't happy with your tax situation and block you from leaving. -
1 minute ago, Morch said:
When you say overseas credit card, would that apply to withdrawing from a Thai ATM?
That's a tricky question.
Withdrawing from an ATM is in general a remittance, but credit cards give you a loan that you pay back - and loans are generally not taxable.
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1 hour ago, Bangkok Barry said:Someone who claims to be so wealthy and who could therefore live anywhere in the word chooses to live in a lawless and corrupt-to-the-core country with generally poor infrastructure? Come on! I suppose though you could be both very rich and insane.
yeah like millions of other people that have a nice house or condo in Thailand, or drive a nice car, all of that stuff costs serious money here...
This is always the dumbest argument people can bring on.
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4 hours ago, jacko45k said:
Doubt they do, nearly all beaches are public property. I think it is defined as some mean distance from the tide line. I could not imagine something more illegal...
Similar beach construction at Bann sukhawadee just got demolished.
The mean between high and low tide is used when applying for a building permit to check if the building is sufficiently away from the waterline. Every area has zoning laws that regulate that. Here in the gulf in our place you have to be 20 meters away for building up to 6m (single storey) or 50 meters for building up to 12 meters (double), 200 meters away you can build higher. There are more exceptions to this, structures under 1.2m height, like a pool or terrace, if not too big don't need a building permit, as they are ground level. That means also the distance to the mean tideline is irrelevant as long as you build it on your property.
However, this waterline changes dramatically between the seasons, depending on where the wind is blowing from. That can easily make a 20 meter difference between high and low season. Usually in November/December the wind is coming from the north/west and in rainy season from the east/south.
QuoteThe analysis of future shoreline recession due to sea level rise found that 20 beaches and 32 beaches would be lost entirely under the best-case and worst-case scenarios, respectively. The future shoreline recession varied between −5 m (SSP1 2.6) to −48 m (SSP5 8.5). T
Just read one of the many coastline erosion studies from thailand like https://www.mdpi.com/2077-1312/11/5/969
Now if you got your building permit 10/20 years ago, everything might have been fine and totally in line with the zoning laws. That might not be the case anymore as erosion moved the beach inwards into the countryside, where you have part of your land. What are you going to do except the usual anti erosion measures you can do? Tear down your Hotel or Condo because it suddenly looks too close? All those houses at the chao praya river in Bangkok that were allowed to build like that in the past because zoning laws where more relaxed, tear them down?2 hours ago, Wongkitlo said:Do you have anything to back up what you say about chanote on beaches. I understood chanote was granted by the local amphurs but the beaches are crown land. Considering people have just taken beaches for themselves I always thought it would be a money earned for enterprising lawyers starting class actions against beach thieves. I had heard that the king owns all the land so many metres beyond high water mark but hard to find the true story.
Whats there to back up? Beaches move inward all the time, beach erosion is a giant issue in Thailand. Pattaya spends hundreds of millions every where to fill up the sand with questionable results, what might have been far away from the beach 20 years ago might not look like it is today.
You can check on landsmap: https://landsmaps.dol.go.th/ it gives you the chanote outlines of most places in thailand.Just look at this random chanote in Samui:
Half of what people call the "beach" is on the chanote, doesn't mean the owner can't build an ugly concrete terrace with even even uglier pool there till his land border.
Would prolly get the same reaction here... doesn't make it illegal tho. When it's high tide it could very well be that the ocean runs into that guys property, and if not now then it 10 years.
Zoning laws are pretty clear in that area, no building (buildings - so everything over 1.2m height above ground) 10 meters from the beach. Not bigger than 75 sqm per building, you can building multiple dwellings that have a distance of at least 4 meters from wall-to-wall to still build a "bigger" house.
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2 hours ago, khunPer said:
Beaches in Thailand – apart from some private islands – belongs to the Marine Department. They even took part of lands with title deed.
Beaches start where the title deed ends. Its very often the case that they go inside what people call "a beach". Just because there's sand doesnt make it a public beach.
There are no private islands in thailand, all you can own is a title deed on an island.
2 hours ago, SAFETY FIRST said:Never seen a Chanote with beach.
No such thing, don't exist.
Have you got one? ????
Yes, it was so bad that in rainy season the borderstones were part of the ocean due to the beach erosion caused by idiots next door removing the mangrove forest and heavy rain. I had to remeasure the land via land office multiple times until we affixed the borderstones on a long metal pole 8 meters into the ground because the ocean ate them up.
It got better after we installed european/netherland style beach erosion fences.
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4 hours ago, khunPer said:
And I thought that beaches are public in Thailand – so, apparently I can also make "private property, no trespassing" constructions on "my" beach...
If your chanote is part of the beach, yes you can.
Just because there's sand doesn't make it public beach.
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If the chanote goes as close to the ocean as the pool then its legal prolly.
Pools/Buildings under 1.2m height not over 100 cubic meters volume don't need permits.
Beach might have been bigger in the past, erosion and seasonal changes happen all the time...
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44 minutes ago, nglodnig said:
https://www.rd.go.th/english/37749.html#section40
From my (non-expert) PoV it appears that COMPANY pensions are taxable income, but there is no mention of STATE pensions.
Most likely, many DTAs like the german one only mention state/land/gov pensions.
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3 minutes ago, placnx said:
A usufruct isn't for a fixed number of years but rather for the life of the holder.
30 year usufructs also exist and can be inherited, it's odd if they would accept a lease over 30 year but not something for lifetime tho
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32 minutes ago, RafPinto said:
Wrong: if you go for the "wealthy pensioner visa: either 80k$ a year or 40k$ a year but must have for example a property here for at least 250k$
Can also be a house if you have a "30year lease on it"
Interesting, is there any more info about this, i mean the lease part?
Would superficies or usufruct also apply? -
3 minutes ago, FritsSikkink said:
From the article: Also exempt will be those who have been taxed in a foreign country that has a standing Double Tax Agreement with Thailand.
Only if the tax in that country is higher, else you pay the difference. If it's zero on lets say capital gains, then you pay full thai tax rate on that imo.
DTAs are very specific
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On 9/6/2023 at 3:47 PM, SuperSaiyan said:
I have domains as well! Google.com is always a good one.
Anyway, I tried to find such a statistic you mentioned and there is none.
https://www.mots.go.th/news/category/707
You didn't even try.
860k Russians vs 20k Ukrainians. So 1 ukrainian for every 43 Russian.
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No repercussions here, but other countries might ask why ur passport is full with red warning stamps if you overdo it.
PS: seems bumrungrad is open to everyone
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2 hours ago, Enzian said:
If I do nothing and the time passes, what's the worst that can happen? Just a 2K fine in Nov. or Dec. when I go out to renew I assume. Correct? Thanks!
Yeah just a fine, but u get a really ugly big red stamp in your passport, i already have one, prefer to not get another one...
Is the bumrungrad business center open for everyone or just hospital guests?!
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3 hours ago, dia1 said:
Is https://tm47.immigration.go.th still the correct place to do 90 day report?
I submitted my 90 day report there almost two weeks ago on early morning on 26/7. The next report due date was 5/8. Well, now is it 6/8 and I have received no approval or rejection email and when I check in the system it just says my application is "pending" just as it did before.
Did they just skip over me? Is there someway to contact someone or am I just going to have to endure an emergency last-minute run to immigration tomorrow?
I'm so disappointed since the last 90-day report system never worked for me, and this one finally worked the last 2-3 times. Looks like it's back to being a roll of the dice.
Me too, at the same date - i did not hear anything back... which is rather annoying. Was thinking about letting the gf phone them tomorrow, if u hear anything keep me updated please
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I think the new lifetime visa owner gets 30 years.
So it's not that attractive compared. to the 20 year visa, as you don't have to do 3 month runs on those...
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What's the point of an age limit anyway??
Either someone has enough money and assets to retire of he doesn't, either one is a criminal or one isn't. Nothing to do with AGE.Plenty of old people in these "biker gangs"... just kick them out
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On 3/19/2023 at 8:43 PM, Jenkins9039 said:
Brits can be described as 1 pound poms (they are all broke), there is still some wealth in Northern Europeans (50+) below that they are <deleted> also.
Russian's are ok (middle/upper class) it's the gangs you need to worry about.
Absolute rubbish.
There's 2.8 mio USD millionaires alone in the UK, 16.6 mio in europe. That's 26% of all millionaires, another 43% is from North America...
https://en.wikipedia.org/wiki/List_of_countries_by_number_of_millionaires"Some wealth" or more like most of the worlds wealth, just not desperate enough to buy <deleted>ty low quality Thai real estate...
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I reckon the Savannakhet Embassy is about to become very busy..
in Thai Visas, Residency, and Work Permits
Posted
Cambodia has taxes on worldwide income. Far worse than the new Thailand laws.