News Forum - Thailand’s central bank launches phase two of sustainability framework
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News Forum - Krabi park e-ticketing system struggles to curb cash handling risks
A special task force from the National Anti-Corruption Commission (NACC) conducted an inspection yesterday, January 17, at Hat Noppharat Thara-Mu Koh Phi Phi National Park in Krabi to evaluate anti-corruption measures. The inspection followed the introduction of an e-ticketing system intended to prevent fraud in park entry fee management. Officials examined the fee collection processes … … The story Krabi park e-ticketing system struggles to curb cash handling risks as seen on Thaiger News. Read the full story -
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News Forum - Nakhon Ratchasima to launch electric rail transit after 7-year wait
The government has given the green light to a long-anticipated electric rail mass transit initiative in the city of Nakhon Ratchasima. After a seven-year wait, the northeastern province is eagerly anticipating its own mass transit system, as noted by Sarawut Choedchai, a former city mayor and member of the traffic management committee in Thailand’s third-largest … … The story Nakhon Ratchasima to launch electric rail transit after 7-year wait as seen on Thaiger News. Read the full story -
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News Forum - “Barrelled and dumped”: Korean killers get life for Pattaya murder
A South Korean court has sentenced three men to lengthy jail terms for the gruesome murder of a compatriot near Pattaya, Thailand, last year. The Changwon District Court handed life sentences to two of the perpetrators, aged 28 and 40, while a third, aged 27, received 25 years behind bars, according to South Korean news … … The story “Barrelled and dumped”: Korean killers get life for Pattaya murder as seen on Thaiger News. Read the full story -
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News Forum - Thai singer demands revenue from falsely claimed song rights (video)
Min Kuntaphat, a renowned Thai singer and independent artist from Maha Sarakham province, has accused a popular influencer with nearly 3 million followers of falsely claiming ownership of his song Soi Dao. According to Min, who legally owns the song’s rights, the influencer has been collecting revenue from the song on various online platforms for … … The story Thai singer demands revenue from falsely claimed song rights (video) as seen on Thaiger News. Read the full story -
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Tax on transfer?
So Bangkok Bank responded... but the last part about sending them a letter to "..NOT To submit.." is unclear. Also my interest did not exceed 20,000 b (they took 15% of the 1,600 paid in interest that day. If I do send this letter, then I assume the tax is NOT taken from my interest... but will they want it later or is this just saving me time to later try to go get a refund (if applicable)? In response to your inquiry about the withholding tax from the bank account, we wish to inform you that for residents of Thailand, including foreign national residents, interest income received from savings deposits is exempt from personal income tax when the total amount of interest received from all banks in a tax year does not exceed 20,000 baht. If the total interest from all your bank accounts exceeds 20,000 baht, the bank will transmit the interest income information to the Revenue Department. If a depositor does not wish to submit the interest income information to the Revenue Department - Please be advised that the bank is legally obligated to deduct a 15 percent withholding tax on all interest paid on savings deposits starting from the first baht. - Depositors are required to notify banks of their intention in writing by completing the form titled 'Letter Indicating Intention Not to Submit Information Relating to Interest on Savings Account Deposit to the Revenue Department'. To obtain more information regarding the withholding tax conditions of your account, please visit your home branch where the account was initially opened, along with your valid passport and passbook. Our branch officer will be able to provide further assistance accordingly.
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