Common reporting standard (CRS) information

[chiang mai]

5 minutes ago, Yumthai said:

My point is TRD has no reach outside of Thailand (unless criminal case + international warrant), so any well written piece of paper is an uncontested proof. But of course there's always the "at their discretion" that makes law and rules pointless.

I don't know if they have that reach or not, my guess is they do but unofficially or via back channels. 

 

If somebody presents a well written piece of paper as proof and TRD buys it, great. But if they don't they will keep requesting things until one day they either give up  or they tell you they don't believe you. There are appeals processes and tax tribunals and courts for such things so no individual is at the mercy of just one tax inspector. But the higher up the chain it goes, the more likely it is that it may mutate into something else.

[andre47]

2 hours ago, Yumthai said:

My point is TRD has no reach outside of Thailand (unless criminal case + international warrant), so any well written piece of paper is an uncontested proof. But of course there's always the "at their discretion" that makes law and rules pointless.

The CRS give informations about all your offshore accounts. The RD could ask you to provide the bank statements for these accounts.

You have to proof your tax declaration. If the RD have any questions you have to answer these questions. If your answers don't satisfy them they will estimate your tax or even open a crimanal case.

[jojothai]

On 9/21/2024 at 3:52 AM, treetops said:

 

The CRS specifies the format of information and yes, the USA doesn't use this format.  I have mentioned this elsewhere, but the sharing (by the USA) appears to be done using the "Global Forum on Transparency and Exchange of Information for Tax Purposes" which is effectively the same thing as the CRS reporting, just using different mechanics, the way I understand it.

From what I find You are correct
The USA is no party to the CRS, but is covered by FATCA.