TravelerEastWest
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Posts posted by TravelerEastWest
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16 hours ago, Danderman123 said:
I am guessing that you are a tax resident with a tax ID in Thailand.
For many of us, we have never filed a return, have no tax ID, and don't want to file.
The impact of these new regulations is probably trivial for you, but to us, it's a major problem.
You are correct I am a tax resident with a business and personal tax return. I pay taxes here and in America No one wants to file and pay taxes but death and taxes as the old saying goes are sure things. If you only have a small pension your Thai taxes will normally be small or zero so not a big problem. If you have lots of money you hire some highly trained experts again no big problem. If you are in the middle it might be some work but again Thai CPAs are not expensive.
For myself I do all the above: larger than usual money in this year, Hire a CPA, study the situation and I have an LTR visa so for now no issues but who knows in the future?
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14 hours ago, Danderman123 said:
This forum exists to help people.
I am suggesting that the new regulation deeming foreign transfers into Thailand as taxable income has some implications. One being that the banks will report such foreign transfers. Another being that the RD will have the data on the transfers.
What they do with the data is unknown today.
But, at some point, the RD is bound to make inquiries. Some here have speculated that the RD is not going to worry about relatively small transfers.
If the RD does worry about your transfers, how would you educate the RD about the tax free nature of your money, except by filing out a tax form?
In America, there are times when income is reported to the IRS but it is not actually taxable for a number of possible reasons. the correct way to handle this is to add the reported taxable income to your tax return and then subtract it out with a note. But you don't ignore the income reported as taxable. The good news is that CPAs in Thailand are not expensive at all. So if a bank reports income that is not taxable your CPA will be able to easily fix the issue for you.
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21 hours ago, kuma said:
The 'process' is not a bug its a feature, imo. They save untold millions on consultants and 1000, nay 1,000,000s of hours of effort (net of work to analyze all the input), system wide, by throwing out these policies, partially conceived, to the populace - then sit back and scoop absolutely tons of free input, from so many perspectives. It actually allows for low cost lobbying to occur, as all this feedback is grass roots generated and - using this forum as an example (NOT saying they would refer to this forum, but they are getting loads of input from affected Nationals, etc, online) virtually free for individuals to raise a voice. So flipping it on its head, this is a more democratic and equal method for people to have their voices heard - as opposed to say the absolutely corrupted lobbyist models that exist in much of the world...where special interests w deep pockets and few morals have a stranglehold on how policy will be formed.
I am not sure if you are joking but I like your point of view... It could be that you are 100% correct and this is a Thai way of thinking maybe a cousin to Japanese consensus thinking?
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1 hour ago, DodgerRodger said:
A question for those already holding the LTR visa if I may. If I successfully obtain a WP LTR and arrive to stay in BKK area, how can I obtain a certificate of residence in order to get a driving licence from DLT? My research tells me such a certificate can only be obtained from Immigration (my Embassy has ceased providing this service) and only after submitting a first 90-day report. Under the LTR I envisage not needing to do the 365-day report for many years as I will be travelling in/out too regularly, too regularly to even manage a 90-day report.
Grateful for any insight.
Dodger
Just email the BOI staff they respond quickly and accurately
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55 minutes ago, jayboy said:Another person who believes this forum represents all retired expatriates.I can assure you there are many retired or partially working expatriates who have investment/pension income far in excess of Baht 1 mill. Most of them wouldn't be members of the forum or even aware of its existence. Look at the advertisers and draw your own conclusions.The blue collar element of expat population is very over represented on this forum.
Correct, school fees alone can easily be over 1,000,000 easily...
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On 12/7/2023 at 3:22 PM, jerrymahoney said:
With apologies to Dr. Niebuhr:
God grant me the serenity
to accept the things I cannot change;courage to change the things I can;
... and the option to get out of the country before my 180 days are up if I can't tell the difference.
Jerry,
I love that prayer and your post even more!
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17 hours ago, The Cyclist said:
I don't think I learned anything new from the video
I did post this a few hours ago
For some, that big black cloud has grown to Armageddon size.
But good to hear it again clearly explained
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8 hours ago, 4MyEgo said:
Which means it's a dead duck, cabinet has to approve it, and until cabinet approves it, it's just another dead duck, lots of dead ducks in Thailand.
Just get on enjoying your time here, tax free, until you see a duck cross your path, simple really.
Great post! You are a wise man with a sense of humor...
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10 hours ago, Mike Lister said:
I'm just coming back to this for a moment for a couple of reasons.
There is a short exchange a little way further back between Lorry, Misty and myself, in it you'll see that there is the start of agreement that there is a difference, despite the law being the same for both, I suggest you read it. What your work was in your previous life, in a different country, doesn't count for anything here, I further suggest you also answer the four questions that I have put forward to see if you fare differently.
Well actually, I am trained in tax law, and from your posts I would say you are not - if I am wrong please correct me and you have my apologies!
American tax law is far more complicated than Thai tax law and does have some differences but also similarities. For example, tax deductions for depreciation is very similar. the key similarity is always finding the issue which can be challenging but once you have the issue you can research and form a conclusion.
The way you say my experience and views "doesnt count for anything here" you have gone from opinionated which is good and welcome - to rude and I will no longer respond to you. Good luck with your tax returns done with Thai RD help...
The funny thing is that I agree with you (my thoughts are not of much value) but for a different reason - I can't speak, read and write Thai so it is not possible to have an informed opinion based on my research and if you think otherwise you may end up making some errors... Then again you might not - I wish you the best of tax luck!
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15 hours ago, Mike Lister said:
You haven't answered my questions, too difficult?
Not sure what questions you mean but I know very little about Thai laws in general as I cant read Thai...
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1 hour ago, Mike Lister said:It's already been said many times, Thai nationals cannot escape tax obligations to Thailand, any funds remitted to Thailand must be assessed for tax, they can't change that. Foreigners can simply go home and that ends the relationship, there is no longer an obligation to file a return or pay any tax in Thailand. Those things are not laws necessarily, they are the reality of being a national versus a foreigner in Thailand. And please, no more sarcasm, if you have a point to make, make it!
I am not being sacrastic but very realistic. You have not cited any laws - sorry I am a retired tax guy and some of what you ay is good and some is somewhat less than useful and accurate - no need to take offense - this is serious business we are talking about at least for me it is. But that is OK this thread is just for bouncing thoughts and ideas around.
As for Thai nationals not escaping tax obligations they can leave Thailand just as foreigners can and any existing tax liens are hard to collect same as with a foreigner.
To be very clear the law is equally for Thais and foreigners who are tax residents which is what we are talking about. Unless you have laws that say otherwise and then I will say thank you for the update. Tax laws tend to be complicated and to think that any non native speaker of Thai or the rare talented foreigner with a very high level of Thai understand Thai laws is unrealistic. To trust that RD officials both understand and explain things correctly to you is not realistic.
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5 hours ago, Mike Lister said:
Yes, for Thai nationals but not for non-citizens.
Hello, can you please cite a law, regulation, or decree that says Thais are treated differently under Thai law than foreign residents? It would be good information to have.
Also, I saw you earlier made a comment that the RD said... please keep in mind without laws behind a statement RD opinions can't be trusted worldwide as a general rule. Usually, they don't employ the best tax accountants or tax attorneys,the large CPA firms and law firms do and you can usually trust the of a RD.
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16 hours ago, tomkenet said:I have to disagree, I have received a lot of useful information from this thread .
We might not know what the government will finally do, the government probably don't know itself, but we know pretty well what will happen in the meantime.
Wise words.
Also, I consider threads like this to be therapy...
I have two teenagers and have had morning coffee after school dropoff many times with other parents and over the years I have not solved any problems but always felt much better.
In this thread, some people understand business and money but no one knows what will happen for sure - but I like the idea of talking about what-ifs and getting ready...
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Sadly I don't think this will work for businesses in America as people often have cash reward credit cards...
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for those who want to hear about teh latest diabetes research from Professor Roy Taylor take a look at this video:
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7 hours ago, K2938 said:
It is not know yet, but it would appear that at the minimum they will ask again for proof that you held this deposit for at least one year and it might well turn out to be five years, i.e. since the start of your visa.
Sounds right...
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14 minutes ago, BigStar said:
We're talking about dieting according to a diet plan, however. The whole foods diet described in John Mackay’s book The Whole Foods Diet: The Lifesaving Plan for Health and Longevity (2020) is a low fat, plant-based diet in which 90% or more of calories come from plants. Formal diet plans based using the phrase “whole foods diet” seem, at a glance, no older than about 5 years. At a glance; our historians may correct this impression.
Low carb as a formal diet plan has in any case a far longer history than the formal whole foods diet plan. In fact, if there’s a fad diet here, whole foods is far more qualified to fit the description. Yet no one DARES call whole foods a fad diet. Why’s that? ;)
Always possible of course, but less likely than just eating the high carb SAD (Standard American Diet). Anyway, low carb diets tend to emphasize protein and add in fat as well. And low carb dieting does work well. You don't seem to know what it is yet. But ignorance never deters an ANF Forum Poster.
Rabid vegans don't like the idea of eating animals. Low carb can of course be vegan. In fact, so can keto. Those facts aren't widely known.
You are talking about diet plans perhaps but not myself I am talking about a healthy lifestyle diets typically are difficult maintain not always but often
Whole foods are not a fad diet becasue they have been around for thousands of years and you know that...
SAD is not healthy and I think we both agree so why bring it up?
Very widely known that being vegan can be low carb at least all the vegans that I know know this and I grew up in California so know many.
When you say "Rabid vegans" you are insulting and rude and most likely no-one will listen to you but maybe you are OK with that? Keto by definition is low carb very low carb.
You certainly have your mind made up so no use trying to help you - Good luck!
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2 minutes ago, BigStar said:
I think we're just wasting our time here, and it's time to stop doing so. I said long ago that whatever works for you is fine with me, now didn't I? I've corrected a sufficient number of your false statements, so be happy with the attention and let's give other posters a chance as well. @scubascuba3's not done yet. :)
You are very certain of yourself and have not corrected any false statements that I have made as my statements as based on real life and science not personal assumptions... But you are clearly enjoying yourself and your beliefs which is OK and maybe good?
Good luck to you on your path of good health.
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21 minutes ago, BigStar said:
Any diabetic should know the fruits don't necessarily have to be dried. Here's a list for you of frutis to avoid:
Some examples of high-GI fruits (and their GI scores) include:
Mango (60)
Banana, ripe (62)
Dried cranberries (64)
Pineapple (66)
Raisins (66)
Watermelon (76)
--https://www.goodrx.com/conditions/diabetes/best-and-worst-fruit-for-diabetics
You're welcome.
Yep, green veggies have always been included in low carb. Here's a chart for you to increase your awareness of what "whole foods" are more likely to cause spikes. One advantage of low carb is that you start eating less, because you aren't hungry from insulin drops. Large bowls of rice and all the other starches are no longer desired, or sweet fruits.
Thank you for the information but I already understand the basics as do all diabetics that care about eating well that i have met. Although I have one friend that is very smart and has a medical background taht eats a lot of whatever he wants and has diabetes - he simply loves food and is willing to risk his help.
If you eat a whole food plant based diet you can eat whole fruit without any problem at all usually just use commonsense. I can tell you this both from experience and from what I have read. Have you had a different experience?
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17 hours ago, BigStar said:
If you're really interested in researching that, GIYF. You can find some good info in the wiki/FAQ sections of https://old.reddit.com/r/lowcarb and https://old.reddit.com/r/keto/. You can also read testimonials there.
Low carb has won a great deal of reluctant acceptance esp. w/ regard to treatment of diabetes. However, it was bitterly attacked from the beginning of its popularity in the early 70s owing to Dr. Atkins' diet book. It threatened the established financial interests, academic reputations, and conventional medicine. And it still does.
The latest attack vector is from the "whole foods" promotion. "Whole foods" has been around for less than a decade. Ironically, low carb promoted whole foods long before whole foods did, except "whole foods" tends to define itself, arbitrarily, as plant based.
It's hard to make money off something so simple as low carb. If people adopted it, the obesity epidemic would be over. Then what about the food, medical, pharmaceutical, and fitness industries? Most of our posters here wish to ensure these industries are viable and doctors enjoy a very good living. Our resident MuscleMag would get rabid at the mention of Dr. Jason Fung. Evidently he was terrified that Fung was going to snatch his bowl of morning muesli from him--between bites.
So nowadays health, diet, and fitness sites on the 'net mostly dislike low carb and lack credibility. The rise of rabid veganism, PETA, climate fascism, and man buns certainly helped.
Low carb has been suggested by doctors for a very long time not just recently for diabetics not sure how it threatens anything I disagree with you...
Whole foods has been around for thousands of years not just recently...
If you eat low carb but high fat you will get fat.
Muesli in small amounts is fine.
Dr Fung makes some good points but is quite arrogant and rude so I don't pay much attention to him also he is wrong about some things but right about lots of things.
Veganism does not have anything against low carbs not any of the vegans that I know and I am a vegan.
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18 hours ago, BigStar said:
Low carb leads to the same result, according to the Roy Taylor model, as weight similarly lost. The danger of regaining the fat may be eliminated as glucose levels are more assured of remaining even. A plant-based diet can encompass higher glycemic carbs and those can in fact cause glucose spikes. My favorite vegan:
Things like dried fruits can cause spikes and large amounts of almost anything so commonsense is important.
But large amounts of green vegetables will not normally cause spikes. Large bowls of rice can cause spikes.
Who is the woman in the photo? Interesting as I dont think I have ever met a fat vegan who eats a healthy diet as in no junk food...
Note being a vegan and eating junk food is clearly not a good thing.
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10 hours ago, Northwest87 said:
They don't ask you to keep 100K in cash ad vitam eternam. They only ask that, at the time of your application, you have been holding 100K cash for 12 months in an allowed account, and you don't have to prove continuation after providing initial proof (if I understand properly of course). Please see the exact wording below.
Financial evidence showing a deposit of no less than 100,000 USD (or 25,000 USD in
case of dependents only) which has been held for no less than 12 months at the time of
applicationWhat about the 5 year followup paperwork?
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9 hours ago, BigStar said:
People often confuse low carb and keto because they don't really know anything about them. Very different. Keto makes a good target, so we enjoy targeting it here. I don't know of any posters here who've ever tried it. I haven't. I know about it of course but have not much interest in it.
I do suggest that anyone who's failed on other diets give low carb a try. Despite the information blackout about low carb (industry-packed Committee for the 2020 U.S. Dietary Guidelines refused to seat any low carb expert), and all the noise generated by low carb haters, it's well-established, pretty popular, and far more people than you might think report success with it. It's worked well for me. Long term.
That part does. :)
Not sure but I thought Keto diets are low carb, and a low carb diet can be not so extreme and have few carbs but more than a Keto diet - sound right?
I have not heard bad things about a low carb diet that I remember at the moment lots of doctors traditionally suggested it for diabetics.
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9 hours ago, BigStar said:
People often confuse low carb and keto because they don't really know anything about them. Very different. Keto makes a good target, so we enjoy targeting it here. I don't know of any posters here who've ever tried it. I haven't. I know about it of course but have not much interest in it.
I do suggest that anyone who's failed on other diets give low carb a try. Despite the information blackout about low carb (industry-packed Committee for the 2020 U.S. Dietary Guidelines refused to seat any low carb expert), and all the noise generated by low carb haters, it's well-established, pretty popular, and far more people than you might think report success with it. It's worked well for me. Long term.
That part does. :)
I have read of people with low carb or Keto diets (both) who maintain perfect glucose levels which is a very good thing in general and great for diabetics. But and this is a big but as soon as they start to eat carbs at a party their glucose levels spike.
Compare and contrast with a whole plant based low fat diet where glucose levels are also low because the fat that clogs insulin receptors are gone - they cane at a healthy (no junk or proccesed food) high carb diet and do this. Then they eat carbs and they don't have a glucose spike. Sound good?
True some people hate a whole food plant based diet so for those folks your low carb option may work very well...
Do you ever get any negativity from the locals when you attempt to speak Thai?
in General Topics
Posted
I assume that you are joking as in around 20 years in Thailand not once has my attempts to speak Thai met with a bad response.
The only problem is that they may then speak to fast to me...