The Cyclist

In a literal sense, you are correct But the pertinent part is that ' Assessable Income ' over the thresholds of 60k / 110k and 220k requires tax filing. Tax will be owed on any part of the ' Assessable Income " that remains after TEDA's have been applied. And the way I, and many others read that is Assessesable income 500,000 Baht - File a tax return Apply TEDA's ( for example ) 560,000 Baht - No tax to pay Or Assessable income 1,000,000 Baht - File a tax return Apply TEDA's ( for example ) 560,000 Baht Tax will be owed on the remaining 440,000 Baht. For some reason or other you are confusing the levels where tax filing is mandated by the RD, and the levels of where actual tax starts to be paid

Apropros to the thread from the American / Thai based in Bangkok The Revenue Department, backed up by 3 embedded links to 1. Notification by the Finance Ministry 2. Ministerial Regulation 3. Royal Act. https://www.rd.go.th/fileadmin/user_upload/FATCA_File/crs/Thailand_CRS_Guidance_280823.pdf Appears to disagree with Mr Hart on this occasion.

Pretty much. The UK became an active part of CRS in 2017.

Read point 3 here https://krungthai.com/en/krungthai-update/news-detail/2881 Look in any other place you care to look, the answer will be the same, wherever you look. This is not KBank being obnoxious, it is not Thailand being obnoxious. This is a requirement and the result of Thailand joining the CRS. I cannot make it any simpler for you to understand. If you are still struggling to comprehend the information, just let me know and I will stick you straight in the troll hole.

Wait and see whether it is scaremongering.

How wonderful Do you think CRS Reporting only applies to KBank ? Enjoy what ever bubble you happen to be living in.

Hope is not a plan How are they going do that after delivering a budget that is the anti-thesis of growth. See her comments on Socialists running out of other peoples money. The anti- growth budget is going to Push up unemployment Push up inflation Push up borrowing costs Push up everything, apart from growth. I hope starmer or CV Reeves has the IMF on speed dial. If they do not change direction pretty soon, that is where the UK is heading.

I disagree. Starmer stated frequently that Labour had plans ready to go from day 1. The only Plan that is currently clear,is that they are uniting the Country against them. The CBI are about to give them a pasting today. Give it 6 months for the effects of the budget to work through the system and it is going to be carnage. It would be a good idea, to take notice of the dissatisfaction being shown in the petition and start getting their house in order.

Have you missed this ? https://aseannow.com/topic/1344388-k-bank-e-mail-with-tax-forms-attached/page/11/#comment-19406711 Every foreigner with a Thai bank account will get the forms soon, unless they have opened an account recently and have already filled them in.

Bought and paid for by Lord Alli, I think

And he is not lying. He wants back into the EU

By the time this closes on 20 May https://petition.parliament.uk/petitions/700143 We might have a true number of the UK population 😀😀 1.8 million already

Not withstanding that the ' Gift ' has to be for very specific reasons. 3 or 4 I recall. Not just willy-nilly

You can print off a copy from the KB website and fill it and hand in at the bank. All other banks will follow suit, its a requirement under CRS and not KB just being obnoxious.

😀😀😀😀😀 Aye OK Wonder who posted this Sweating much ?

Amazing Thailand Where did I mention anything to do with crime ? I think you were the one yesterday, that was accusing people of crimes. Oblivious to the fact that the person could be a Thai Citizen. Cap fits, wear it with pride.

I haven't misinterpretted anything. Money going into your KBank account. Exempt taxable income Mine would read Baht xxxx / Govenment Pension / My UK NI Number. Banks, as the the 1st point of contact under CRS do need to collect the data, as per their reporting obligations under CRS, the 2nd point of contact will be RD Offices, and the 3rd point of contact will be the BoT. As always, you do whatever you think applies to you

This is not the US. Maybe you go back to Kansas Toto.

Why would you be confused. I do not judge your lifestyle, Do not judge mine by your standards. I have invested a lot of time, money and effort here, and intend to keep on the straight and narrow. You of course, are free to do whatever you like.

And despite the information that is freely available, especially in the KBank thread, someone is still using the confused icon. Amazing Thailand.

Have you seen the new forms being emailed currently to KBank account holders ? All other Thai banks will be following shortly. Part 2 List your tax exempt income, provide the source of this tax exempt income, and the TIN / NI number Part 3 Sign and declare that this information is true and accurate. ( There is the Gotcha ) Part 4 Details how and when the bank can close your account You can bet your house that this information will then be passed to the RD at the end of the year, as part of reporting procedures under CRS.

Just a suggestion, rather than going RD tomorrow. Wait until about the 5 December, go to your bank and get a 12 month printout. Then take that to the RD Office, and show then the printout and request a TIN as you need to file a tax return next month. Might be wasted journey without the 12 month printout.

How true Also very true.

And there are still some that think this is a scam and will not effect them. The mind truly boggles. ETA And somebody will probably come along and accuse you of being a shill for a tax consultancy.

What patronising comments would they be ?