Jump to content
BANGKOK 15 November 2018 02:32


Advanced Members
  • Content Count

  • Joined

  • Last visited

Community Reputation

5,533 Excellent

About simoh1490

  • Rank
    Titanium Member
  • Birthday 08/02/1950

Recent Profile Visitors

2,640 profile views
  1. I don't understand that, income is income regardless of how it is earned.
  2. simoh1490

    Legs swollen out of proportions (cellulities)

    Daflon 500mg, 30 pieces, 280 baht in CM.
  3. In todays world, not much, it's business as usual. Tax deducted in one country can be offset against tax paid in another country, it's an advantagous thing for most people. Thailand is not yet party to the global bank details sharing scheme but is estimated to be so within a couple of years, that may change things for some folks who have been trying to hide money offshore.
  4. The UK does have a DTA with Thailand.
  5. Life's too short, welcome to my ignore list, byee.
  6. I'm very surprised, it looks like they must be trying to buy deposits. It's worth pointing out for everyone else that this is a Preferred Account offering, that means the account holder must already have (or be prepared to invest) 3 million with CIMB in order to be eligible for this offer.
  7. That's virtually unheard of, no other bank even comes close, they would be massively out of step with the market and historic practice - I'm going with it being a monthly savings account rather than a lump sum deposit, I'll check at CIMB today however.
  8. I very much doubt that is a fixed rate deposit, at 2,5% it looks very much like an insurance product or similar, be careful. If CIMB were offering 2.5% for 24 months they are betting that the Thai central bank rate will be at least 2.75% in 24 months time, banks don't typically do that sort of thing. BTW there's a thread on the subject of interest rates at banks in Thailand, perhaps check there. EDIT: I just checked, it's a monthly savings scheme, not a fixed rate/term deposit. https://www.cimbthai.com/en/personal/products/accounts/fixed-deposit-account/phemkha-sabai-jai-fixed-deposit.html
  9. simoh1490

    The New Thai Landlord-Tenant Code

    That may be true in your case but it is far from a blanket rule, perhaps the difference is PEA versus MEA, dunno. But certainly at the condo's I have owned in Chiang Mai, each has had it's own usage meter but electricity to the building is billed to a single consumption meter which is then broken down based on individual reading and billed by the juristic person. It is for this reason that the per unit cost is so high since the condo. building pays for electricity at the same rate as a factory, because of its high consumption via a single meter.
  10. A neighbour is building a dozen houses nearby and I stopped to look at them, the radiant barrier was installed incorrectly in the first house and would only serve to increase heat rather than reduce it. Hoping to head off a problem for the chap before the other houses were roofed I printed some pictures off the web showing how to install radiant barrier correctly and I gave them to him and talked him through the problem and he said thank you - three months later I returned from the UK and checked on the rest of the houses, all had been fitted with radiant barrier incorrectly, all exactly the same as the first house I had seen. Hey, not my houses and I won't have to live in them, now it's your problem, good luck with that.
  11. Be careful, the fact that I would sell a used car to somebody that was in less than perfect condition is not a license for total character assassination or open season on insults! The fact is that people sell used cars with faults all the time, that's what this thread is about. I suppose purist believers might immediately give every potential buyer a written list of all known faults in order to maintain a clear conscious, failing that they might just take said vehicle to the scrap yard and have it crushed rather than sell it someone else, it sounds as though in your world you might do one or the other, may I ask which!
  12. I'm pretty sure you'll find that banks are obliged to make those tax deductions, regardless of the type of savings account, the amount on deposit or the duration. The fact that some banks monitor the amount of interest paid and don't make those deductions, in some cases, is more a reflection of some banks having capable back office systems which permit them to offer this type of facility. Re. Tax Refund: I would urge any foreigner in Thailand who is eligible to reclaim their tax, the process is efficient, friendly and very straightforward - of all the Thai government departments The Revenue is the easiest and least painful to deal with, it can actually be a fun experience since the girls there will do your tax return for you, as long as you give them the letter from the bank showing the amount of interest withheld.
  13. Agreed also. The workaround I think is to have the pension payments deposited in a bank overseas and then remit payments to Thailand from that account separately, that overseas account might contain a blend of income and savings thus the remittance to Thailand cannot be seen exclusively as income earned in the current year.
  14. Indeed, that's the potentially huge gotcha in all of this.