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I am hoping some experienced ThaiVisa members can answer a question. I have been looking everywhere for some solid answers. This is my understaniding below of U.S. tax laws. Please advise me if this is not correct.


Thailand Provident Fund Contributions

(1) Provident Fund contributions made by a U.S. citizen into a company retirement fund while working for a Thailand employer are NOT tax deferred under U.S. law treaty with Thailand. This fund is not recognized and therefore the employee contributions must be declared every year as taxable income on a U.S. tax return. This is regarding contributions through automatic deductions from the Thai employer company paycheck.

(2) If the Thailand employer has a contribution matching program, the company matching portion is not considered income for U.S. taxation purposes until the employee (U.S. citizen) withdraws that money from the fund.

(3) Capital gains from the provident fund are not taxable until that money is sold from the fund and distributed.

U.S IRA Contributions

(1) Since the Thailand Provident Fund is not a recognized retirement program in the U.S., a U.S. citizen can therefore make IRA contributions up to the maximum allowable limit.

Thanks in advance. Your experience and advise is greatly appreciated.

Just want to check if any forum members are having the same problem as I am. Seems that my Buddy Internet is getting worse and worse in the evenings. Morning and mid-day is not so bad. Connection speeds to sites in the U.S are getting so slow I can't even log into my bank account anymore. Thailand sites seeme to be fine. Is anyone having similar problems with other providers? Or could this be provider specific?

I have read many posts on the subject and still very confused. Thailand investments are done differently than the U.S. and I need help with some basics. First, it appears one can go to their Thai bank and the bank has people that do this sort of stuff. Correct?  Here is my situation:

I don't want an RMF (Retirement Mutual Fund) or LTF (Long Term Fund). These are funds that have a 500k max investement per year tax free for retirement purposes. I have this already through my Thailand employment and please don't talk to me more about the benefits, I am already maxed out on contributions. Everytime I go to a bank, they start talking about one of these!

I DO want to get a mutual fund that I can buy and sell as I please, transfer money around, etc. Yes, I will pay the tax on earnings. Do the banks also handle this type? What should I do to get set up? Are the funds managed by the banks (K-bank, SCB, Krunsri, etc) or do they have a separate fund manager you must be in contact with?

Thanks in advance!

Anybody seen them lately?  I love this band and haven't seen them since Santika. If any one knows their schedule and where to find them please share.

Has anyone had experience with these guys? They are everywhere around lower Sukhumvit and I don't know what is their scam. They have stopped me numerous times and I just laugh them off. Sometimes they keep walking with me and talking. Even my rude replies don't shake them off very well. I give them credit for their patience.