The Cyclist

Then be prepared to receive the same paperwork from your other Thai bank. Read the notes in red at the bottom of Part 2. Where it says for example Amount of Income exempt from Taxation / Type of income exempt from Taxation / Your TIN, or for Brits NI number Then read the notes at Part 3 and 4 https://www.kasikornbank.com/th/Download/Level4_doc/FATCA-CRS-FORM_INDIVIDUAL.pdf

See below If you have a Thai bank account, you will have to complete it, some might have already completed it if they opened their Thai bank account in the last year or so. Especially if you remit money to that account from overseas.

You didnt check it very well did you ? What does it say at the bottom of Part 2 ? When you get yours to complete, fill it in with little matchstickmen for all I care

You have been informed of this before TRD receive about 12 million tax returns, and 4 million are " Null " returns. Could you suggest why ? Could it be that people file because they are over certain threasholds, but once TEDA's are applied, they have no actual tax liability ? Or perhaps 4 million people file " Null " returns just to extract the urine with the people at the revenue department.

Here is the docs being emailed out, on KBanks website https://www.kasikornbank.com/en/Download/pages/result.aspx?type=70&group=1

As long as the don't start whinging like a ******** when they get bitten on the ****.

If you have exempt income, there is no need to file a tax return This is the Document currently being emailed out by KBank https://www.kasikornbank.com/th/Download/Level4_doc/FATCA-CRS-FORM_INDIVIDUAL.pdf Have a look at the bottom of part 2, where it says Amount of income exempted from taxation / Type of income exempted from taxation / Under issuing TIN Write it in the box below, no doubt that information will be shared with the Revenue Department.

I wasn't. Sarcasm not your thing Assessable Income is Taxable Income, where no tax may be due depending on the size of the assessable income, and the TEDA's that may apply. Would be how I read ' Assessable Income '

Does that dichotomy sometimes go by the name of fear ? It would appear that some are bricking it and grasping at any straw that blows past in the wind.

You should have read the whole form https://www.kasikornbank.com/th/Download/Level4_doc/FATCA-CRS-FORM_INDIVIDUAL.pdf The bottom of part 2 Fill in the " Amount of Income exempted to taxation / Types of income exempted from taxation / Under issuing TIN " So in my case. XX Baht / Government Pension / NI number. Which will tie in with my P60's, which is my papertrail. And I am not convinced that * Mandatory if you have taxable income is correct. I think that should read * Mandatory if you have assessable income ( Which to be pedantic, could be called taxable income, before Deductions and allowances are made )

This is basically the question that I had a at this time last year. It took me about 8 months to get a definitive answer on whether I needed to file a tax return ( for administrative purposes ) on remitted income that was only taxable in the UK. Thankfully in my case, the answer is no. Not much to use to you, I know. You might have to go to your RD Office, visa in hand and ask them 😀😀

No idea, I haven't received them ( yet ) but I'm not with KBank and I have no idea if my bank even has my email address. I know I changed passport details last year, but as to email address, pass.

You probably only have an NI number, just like me. Use your NI number against anything to do with tax. Never having heard of a UTR, I just googled it and apparently theynstarted in 2009 for people who self assess for tax

You require a TIN in Thailand, if you are a Tax Resident and have ' Assessable Income ' Agreed ? I posted the link to other thread, to highlight that moves are afoot regarding Expats in Thailand, which are to related to FATCA / CRS. I never posted it, due to specific wording that might be on the attached forms, or on the generic send out from K Bank . Which may contain errors due to translation. You apparently have nothing to worry about, so I am not sure why you are getting so sentimental.

Sorry ? You are the one questioning his credentials. If you are so vexed about the guy, take his website and videos to the authorities and tell them he is operating without the correct credentials. He might even be in the same boat as the shouty American guy.... A Thai Citizen But you crack, if it makes you feel better.

Well, you could always phone or email him and ask direct. Contact details are in the link provided. Which would satisfy your curiosity, rather than wondering aloud on here.

No idea, but here is his website. https://www.expattaxthailand.com/ Registered Office is in Bangkok, so I would think ( But dont know ) that he is legal and above board. It might be fair to assume that if he is not legit, he would have been nabbed by now.

I don't work for anyone, I'm fully retired

That's why I said It's not beyond the realms of possibility, wouldn't be too difficult, and very simple regarding people who direct deposit things like Government Pensions, US SS etc. The banks would do this for their Individual customes, the transfer code that comes with the remittance readily identifies where the remittance comes from and what it is for. As I have said before, the people who will probably be getting looked at are the people that transfer through a home bank account, wise, or other types of transfer into Thailand..

I cannot recommend any names, but I have seen prices rangeing from about 8k up to 25k. The complexity of your financial arrangements will determine the cost. Best to phone around or have a hunt on the internet.

To comply with CRS. Which is to deter and prevent tax avoidance / evasion. I didn't mention TIN's. But you are wrong again, a TIN is required if you have ' Assessable Income ' in Thailand. Which is not the same as ' Taxable Income ' I posted the thread in response to your previous ' No enforcement ' comment. As I said in response, best wait until summer at the earliest before making any comment on ' No enforcement ' Having had access to the CRS exchange information since 2023. Lets just say that I would not be surprised if the RD have already gone through it. Eliminated people who are exempt tax in Thailand due to DTA's and have a list of people that they expect to file a tax return between Jan - March 2025. Those that have not filed by 31 March, might just get a knock on the door. Last paragraph, is of course, speculation on my part. Although far from the realms of possibility. The sending out of documentation in November concerning FATCA / CRS by banks, is not something that happened bt accident or a coincidence.

I agree, the last time I had a McDonalds in the UK, over 20 years ago, it could only be described as utter ***** I eat a Mcdonalds here, about 2 or 3 times a year, and to be honest, I have been pleasantly surprised, and I also like their fresh coffee. KFC on the other hand, crap back then, still crap today.

Am I You haven't read this thread yet. I have highlighted the relevant parts You make of it, what you will.

@ukrules was saying that the UK does not have TIN's as such. The UK uses your NI number in all things tax. Which was in response to another poster saying that he didn't have a UK TIN.

Renewed on Thursday. No mention of TIN's / Tax / or Pensions. Just the usual, in and out in 30 minutes.