'How To' - Requirements for visa extensions etc

[alanr]

But money have too be in account 4 months before application, this come from bank manager.

Like other op mentioned. You get 15 % tax on interest

[buksida]

If you factor in inflation and constant price hikes here, that 800K devalues every year by more than the paltry interest you get. Its effectively dead money and a gift to the Thai govt (and banks who are profiting by lending it out) for letting you stay here since you cant use it. But that route does sound a lot easier than messing about every month with bank paperwork, transfers, and potential tax implications (providing you have $25,000 to throw away.)

[Hahuahin]

But money have too be in account 4 months before application, this come from bank manager.

Like other op mentioned. You get 15 % tax on interest

I have well come to accept that no matter how we twist and turn how one qualifies financially for an extension of a retirement visa, one loses something or the other as long as one cannot use income confirmation from one's respective embassy. Since I pay taxes here, do you know if the 15% you mention in tax on 800k something the bank takes care of automatically or does one have to add the 800k as assets when paying taxes to Rd?
Thanks again.
hahuahin

[alanr]

But money have too be in account 4 months before application, this come from bank manager.

Like other op mentioned. You get 15 % tax on interest

I have well come to accept that no matter how we twist and turn how one qualifies financially for an extension of a retirement visa, one loses something or the other as long as one cannot use income confirmation from one's respective embassy. Since I pay taxes here, do you know if the 15% you mention in tax on 800k something the bank takes care of automatically or does one have to add the 800k as assets when paying taxes to Rd?
Thanks again.
hahuahin

Not sure will ask next time I am in bank

[Hahuahin]

Found something here: https://www.bangkokbank.com/en/Personal ... olding-Tax

If you do not wish to file a deposit interest withholding tax return you can proceed as usual, in accordance with the Act promulgating the Revenue Code, B.E. 2481 (1938) Section 48(3)(a), which stipulates that income earners may elect not to include their interest income in the calculation of their annual income tax, as the Bank has already submitted their withholding tax information.

[alanr]

Are you from USA

[joelle]

Update on yearly visa renewal in Cha Am.
Last year I was told to bring 12 months bank statement. The Bangkok Bank would only give me 6 months or need to wait 7 days.
I took the 6 months statement and hoped for the best.
Went to immigration, after 1 hour 40 minutes I got my yearly extension.
What was new this time is that I had to draw a detailed map of where I live.

[Hahuahin]

Are you from USA

No, I'm European.
hahuahin

[Hahuahin]

Are you from USA

Sorry to moderator double posting

[Hahuahin]

Update on yearly visa renewal in Cha Am.
Last year I was told to bring 12 months bank statement. The Bangkok Bank would only give me 6 months or need to wait 7 days.
I took the 6 months statement and hoped for the best.
Went to immigration, after 1 hour 40 minutes I got my yearly extension.
What was new this time is that I had to draw a detailed map of where I live.

Thanks Joelle, probably same in Hua Hin then and I'm so......good not to drawing
hahuahin

[joelle]

Update on yearly visa renewal in Cha Am.
Last year I was told to bring 12 months bank statement. The Bangkok Bank would only give me 6 months or need to wait 7 days.
I took the 6 months statement and hoped for the best.
Went to immigration, after 1 hour 40 minutes I got my yearly extension.
What was new this time is that I had to draw a detailed map of where I live.

Thanks Joelle, probably same in Hua Hin then and I'm so......good not to drawing
hahuahin

Me neither so I gave the lady at information desk the GoogleMap link and she did a marvelous job at drawing the map, took her ages but I was very pleased she done it. There's no way I could have drawn it that well !