Closer Look on Foreign Business Owners

Post by **kaokalok** » Wed Apr 05, 2006 5:19 pm

Prachuap-Kirikhan adm. will have a closer look on Businesses owned by Foreigners such as Bars,Restaurants ,Guesthouses,Real-estates,...
in order to ensure tax-incomes.

Post by **lomuamart** » Wed Apr 05, 2006 5:26 pm

Where did you get that from?
Interesting information if you can back it up.

Post by **kaokalok** » Wed Apr 05, 2006 6:38 pm

In the April edition from HH today

Post by **tuktukmike** » Thu Apr 06, 2006 12:07 am

Kaokalok

This has been coming for a while now.

I was told yesterday that the powers thet be think too many farangs are sending their profits home.

Gods honest truth, would you really believe that.

But on a serious note there are big changes on the way for all of us.

Mike.

Post by **lomuamart** » Thu Apr 06, 2006 3:13 am

Such as, TTM?

Post by **tuktukmike** » Thu Apr 06, 2006 9:40 am

Such as, TTM?

If you look at what is already been going on in Pattaya you would understand.

We met a guy who was responsable for setting up the new computer systems for the Revenue Dept in Prachup, this system is being linked to Land Registry and Tessa Bahn.

What i can say is that there is a feeling within the Thai departments that there are too many farangs making too much money and not paying enough taxes.

I really dont want to expand on the situation at present but what i will say is if i am wrong, Great.

But dont hold your breath,

Mike.

Post by **exman** » Tue Apr 25, 2006 1:54 am

Yes its true.They will specially check Real-Estate brokers.
Many of them dont pay so much tax but now that will be different.

Post by **clive** » Tue Apr 25, 2006 6:54 am

I wonder wether the authorities taking a close look at foreign owned businesss, in particular real estate agents, may have been spured by the fact that Hua-Hin is now full of 1.3 million baht suvs being driven by farangh with the name of a real estate agency in large letters emblazoned upon them. Personally I think that the business gained from this is far outweighed by the unpopularity of faranghs sporting their wealth in front of the nationals, especially when driven badly. The best advice I received when coming to Hua-Hin is to keep yourself to yourself. By all means operate a business within the terms of the law but please do not flaunt your money in front of the local people.

Post by **exman** » Tue Apr 25, 2006 10:16 pm

The best answer is-Pay enough tax and thats is a difficult question so ask your lawyer or adwiser.

Exman

Post by **lomuamart** » Tue Apr 25, 2006 11:55 pm

Thanks for that gem of information, exman.

Post by **Burger** » Wed Apr 26, 2006 8:59 am

The best answer is-Pay enough tax and thats is a difficult question so ask your lawyer or adwiser.

Or you could even ask your accountant

Burger

Post by **exman** » Fri Apr 28, 2006 9:58 pm

I already asked and make my decision to pay little bit more to have a good sleep and thats gives me probably a good nightlife too.... because I dont like to worry about it.
All countries has theirs regulations- good or bad but here its really good so welcome to Thailand all of you company-owners and good luck.

Post by **timego** » Tue May 30, 2006 8:30 pm

Post by **samlorsam** » Tue Jun 06, 2006 3:16 pm

Its not business people, that have set up a company, that pay some tax, (everyone avoids tax, even Thais!).
I think its the frustration of a legit businessman, Thai or Farang, getting upset when he sees â€œretired farangsâ€

Post by **ITKMAN** » Tue Jun 06, 2006 11:48 pm

Have a look at the action in the Diving business in Phuket. That industry employs about 75% Farang and is 90% Frang owned...Well, they are after the industly, big time.........Just think of how fast the BIB would be on the bars if we fancied fat "Falang Kawai" rather thatn the local stock for prancing maidens and serving wenches....

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