driveout

yes they will care if your country get the report, why would they not?

https://www.rd.go.th/fileadmin/user_upload/FATCA_File/crs/Thailand_CRS_Guidance_280823.pdf chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.rd.go.th/fileadmin/user_upload/FATCA_File/aeoi/Day1_Workshop_FATCA_CRS__10APR2024.pdf

No. Did you check the documents that been presented?

So if you open your account before 16 August 2023 and have under 250000 usd there will unlikely be any report is my understanding

For accounts opened before 16 August 2023, they are considered pre-existing accounts under the CRS (Common Reporting Standard). Here's how it works: Pre-existing Individual Accounts (opened before 16 August 2023) may not automatically be reported unless the account balance exceeds the $250,000 USD threshold. If it does, enhanced due diligence and reporting may be required. If the balance is below $250,000, it typically will not be automatically reported unless there is a change in circumstances that requires further review or reporting (such as if the account holder's tax residency status changes or the account undergoes significant transactions). For pre-existing accounts: If the account holder's self-certification indicates they are a tax resident of a reportable jurisdiction (like UK), and their account balance exceeds the $250,000 USD threshold, it may be subject to CRS reporting. For accounts below the threshold, the bank may not have the obligation to report unless other specific circumstances apply.

i will read it one more time. just to add I did ask my thai bank about CRS and about the forms the bank send out to there customers, they told me if I dont sign or answer the questions my bank account will still work as normal and nothing will happen.

The reporting threshold for foreign financial accounts under Thailand's CRS (Common Reporting Standard) guidance is THB 7,500,000. For pre-existing entity accounts: If the account balance is THB 7,500,000 or below, it is not required to be reported. However, if the balance exceeds THB 7,500,000 at the end of any calendar year, it must be reviewed and reported For pre-existing individual accounts: Lower value accounts: If the balance is THB 30,000,000 or below, they have a reduced due diligence requirement. High-value accounts: If the balance exceeds THB 30,000,000, enhanced due diligence procedures apply. These thresholds apply unless a financial institution chooses to report all accounts voluntarily.

But how likely is that Thailand will report this, I did not hear from anywhere that anyone got a call or a mail from there home government that they have to tax a transaction

So the balance of 5000 usd will be reported but not where they come from?

You right there is so much confusion behind this. i don't dare to ask the thai bank about this.

Hello everyone, I have a question regarding CRS (Common Reporting Standard) and AEOI (Automatic Exchange of Information) regulations. My home country participates in these programs, and I currently have a personal bank account in Thailand. However, I reside in Thailand for less than 180 days per calendar year. If I receive an international transfer of $5,000 from Vietnam to my Thai bank account, will the Thai bank report this transaction to my home country? Does it make a difference if I have or do not have a Tax Identification Number (TIN) registered with the bank? Did anyone here been reported to there home government? I appreciate any insights or experiences you can share. Thanks for your time!

Thanks for your answer. Is it true also that banks in thailand now will report to the tax department when you get money/founds in to the bank, like its a automatic system an Ai thing and sends everything to them, specially if you have a foreigner account?

If I’m a freelancer in Thailand, offering services like web development, and receiving payments into my Thai bank account. If I stay in Thailand for less than 179 days in a calendar year, do I need to pay taxes?

Yes you are correct it’s 3 of them in chon buri.

I mean to change to 5 year or change my name in the dl if it’s wrong

What does?

In chon buri it’s one also in siracha

Ohh yeah that’s true bcs some Dlt have long waiting time

It seems like you can obtain your Certificate of Residence (COR) from the Si Racha Immigration office and use it at the Department of Land Transport (DLT) near Regent’s School, even if your address is in Pattaya City. I understand that some immigration offices place the name order differently on the COR, which is why I am aiming to go to an immigration office that will issue the COR with the correct name order. Once I have the COR with the correct name order, I will visit the DLT office to correct my name in their system, as the DLT advised me to bring a COR with the correct name order for them to make the change. As I want to use my driving license as a identification when I don’t have my passport. some entities require me to have driving license that is correct.

Okay so your address was in Pattaya city at the time you got your COR from sriracha immigration? Which dlt is it exactly? Dlt near route 36?

Oh I see. But if I want to let’s say change my driving license, do I have to go to the exact same dlt where I got my driving license first at? This little bit of topic sorry

Ohh I see! The COR from chaeng watthana name order was it correctly or it begins with your last name first? Thanks

It seem like it depends where you get your COR how your order of your name is on the COR as some posted before, in Bangkok immigration the name order on COR is in correct order. The Dlt follows that order when you bring the COR as in my case but not in all Dlt

Where did you get your current driving license? And did you need the COR to ge it?