TAXES IN THAILAND XX: VAT Part Two

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TAXES IN THAILAND XX: VAT Part Two

20/05/2012 : Last week we talked about the theory behind the value added tax (VAT) and how it works from the point of view of the average consumer. This week we'll discuss it in a little more depth for those operating businesses who might have to withhold the tax and pay it to the government.
Networth Your pension: the harsh realities

20/05/2012 : One of the most difficult things to predict is the amount of income you will need for your golden years. This is something you should discuss with your financial adviser so that he or she can make detailed calculations and come up with a projection for you to use as a target.

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Knowledge essential to rental riches
20/05/2012 : Rental yields remained largely unchanged in the first quarter of this year in the downtown Bangkok condominium market, ranging from 3% to 9%, despite prices for new properties rising and no significant growth in the number of expatriate tenants. The findings appear in CBRE's quarterly survey based on all of the company's letting transactions for the last quarter.
As Myanmar opens, donor exit at border puts dreams in peril
20/05/2012 : When she heard the foreign donations that paid for her studies were falling drastically, 16-year-old Myanmar migrant Seng Jam Longzaw began to worry that her dream of becoming a nurse was vanishing.
Youth wasted on beggars' road to Thailand
20/05/2012 : Dice roll and cards are dealt every day in the seven casinos along the Poipet-Thai border, but just five kilometres away in the ramshackle village of Kbal Spean, gamblers of a different sort are playing for much higher stakes: betting their and their children's lives as they struggle to eke out a meagre living as beggars in Thailand.
I just called to say I'm locked up
20/05/2012 : Let's call him Bait. He's a Thai man in his early 30s who recently served five years at Khlong Prem Prison in Bangkok on a narcotics charge. Bait left prison before the floods of November 2011. He says that in his prison zone everyone had access to a mobile phone. About one-third of prisoners owned one, he says, while the rest shared. Bait said both convicts and prison staff knew exactly what was going on, and that officials controlled the supply of mobile phones in the prison and ignored their use.
Map Ta Phut locals demand say in industrial safeguards
20/05/2012 : Two weeks after two horrific chemical accidents at Map Ta Phut industrial estate left 12 people dead and hundreds injured, many who reside near the estate are still living in fear. They are demanding to know why there were no effective safeguards in place to protect them despite many chemical accidents occurring in the area over the past few years.
Flood aid refusal 'was self defeating'
29/04/2012 : British ambassador Asif Ahmad has offered a forthright critique of the government's handling of last year's flood crisis, saying it should have asked for international help and better communicated information to the public.
TAXES IN THAILAND XIX: VAT part one
13/05/2012 : Everybody is vaguely aware of the value added tax in Thailand. When you buy something or get the bill in a restaurant, you will see that you've been charged 7% VAT.
Networth
Adjusting to changing UK pension scheme
13/05/2012 : Changes to the Qualified Recognised Overseas Pension Schemes (QROPS), in effect since April, have had far-reaching effects on UK deferred pensions being transferred offshore. Interpretation and implementation of these changes have been different from expectations. Did you catch the wave?
Shifting demographics mean that good things come with small units
13/05/2012 : The property market in Bangkok has faced challenges in recent years, notably the global economic slowdown that began in late 2008 and local political upheavals that culminated in the street violence of 2010. There have been slowdowns in all market sectors, though not always at the same time.
Cambodians queueing for a new future in Thailand
13/05/2012 : Every day they come in the thousands and crowd under a blazing sun for hours, awaiting a moment that costs them more than two full months' salary _ a passport.