Recent content by Berti

What is accepted in "Reason for continuing the account"? Do you know?

May I capture this thread: What happens if I close/cancel my residence visa and expiry on my EID is still 1 year later? Will I have any problems with my personal bank account in UAE until then? In my opinion the bank does not know that I cancelled the visa and will only ask me in 1 year about my...

Did anyone close an IFZA Fzco recently? Which documents were necessary for IFZA? Did you need an audit report, and which documents were necessary for the auditor? Thanks

May I ask how did you receive the inspection notice? Email? Physical letter? Via your setup agent (if any)?

The only question is why you need a TIN to do a tax declaration if the revenue department works with your passport number? Sounds a bit unlogical. And passport numbers change and are no unique numbers. They do CRS overseas without TIN? I heard this very often but nobody could prove this up to now.

I think the first sign will be the Thai banks. Most expats opened their bank accounts as "residents" in Thailand. But up to now none of the banks requested a TIN from me or my friends here. As soon as Thai banks request TIN's, you know it's time to be more careful.

May I ask: MOA is Memorandum of Association? Do they need the original MOA (paper issued by freezone), or is the digital pdf version sufficient?

If Thailand turns into this kind of perfect surveillance state with overtaxing, then it‘s time to leave anyway. But as already mentioned, you don‘t stand out here wearing a face mask.

Not sure if this was posted here already: https://www.thaienquirer.com/50755/opinion-thailands-ambitious-plan-to-tax-incoming-funds-risks-falling-flat-due-to-lack-of-clarity/ There seems to be a lot of discussion ahead. Everyone including banks were caught on the wrong foot. Interesting though...

Hard to read this face. Surprised?

Typical Thailand. The new rules start 1.Jan 2024. Clarification will come on 10.Jan. Normally there is a lot of discussion until then, each and every politician will give his superb opinion. But I‘m not so sure this time. It‘s more like a tax coup.

For sure. My feeling is, the Thai PM being a porperty tycoon has some problems with rich foreigners, mainly Chinese, who interfere with his business here.

If I understand this correctly, it‘s not about payments but worldwide income. If they want to enforce this, everyone with a longterm visa would be obligated to file a tax return.

So overnight they decided to have no territorial tax system anymore. And people here say you can’t trust UAE monarchy, until they saw Thai democracy.

Of course