K bank E-mail with Tax Forms attached ?

[theoldgit]

5 hours ago, ukrules said:

Has anyone who's not from the US received this email...so far?

I see they mention CRS as well which is a non US thing.

 

I'm not from the US, and I received the same email four hours ago.

 

I don't recall being asked my nationality whenever I've opened my accounts, but of course they have a room full of my passport copies, not sure that they're joined up though.

[bubblegum]

Just received the same email and don't understand a word of it. I'm not from the USA and all the other crs/facta is unknow to me as well.

 

Also I reside in Thailand so what to do?

Edited 6 hours ago by bubblegum

[scubascuba3]

Could just close the account or wait for it to be closed, my other two banks opened more recently haven't sent any email

[Mutt Daeng]

I'm a British citizen and I got the email last night. I've lived full time in Thailand since 2009. I don't have a UK address or a TIN (UK or Thai).

[Chomper Higgot]

7 hours ago, ukrules said:

Has anyone who's not from the US received this email...so far?

I see they mention CRS as well which is a non US thing.

It’s applicable to US Citizens and non U.S. citizens with taxable income from the U.S.

[Wanderer555]

Given the email instructs the recipient to complete and return by email would indicate this is either very poor security by K-Bank or a scam.

 

Returning these forms via email could expose the respondent to identity theft.

 

Recommend recipients contact K-Bank customer support and only complete the forms via a secure online channel or in person. 
 

 

[JohnnyBD]

I have not received this email. I am a US citizen. Use caution.

Edited 4 hours ago by JohnnyBD

[JohnnyBD]

21 minutes ago, Wanderer555 said:

Given the email instructs the recipient to complete and return by email would indicate this is either very poor security by K-Bank or a scam.

 

Returning these forms via email could expose the respondent to identity theft.

 

Recommend recipients contact K-Bank customer support and only complete the forms via a secure online channel or in person. 

I agree. This is very poor security, asking people for sensitive info to be transmitted via email. I would print out the email and go to the bank. I would not even open the pdfs. The bank has blank forms. This may be a scam. It looks like the emails are targeting mainly British citizens from those posting here. 

Edited 4 hours ago by JohnnyBD

[ukrules]

50 minutes ago, Mutt Daeng said:

I'm a British citizen and I got the email last night. I've lived full time in Thailand since 2009. I don't have a UK address or a TIN (UK or Thai).

 

The TIN for British nationals tends to be the 'National Insurance Number' - I have only ever used that in the past but I am going back a long time here, like 15 to 20 years

[JohnnyBD]

5 hours ago, Everyman said:

Have any U.S. citizens received this email who opened their accounts (somewhat) recently and already filled out the usual FACTA forms?

No, I have not received this email. I am a US citizen. It appears that the emails are targeting mainly UK citizens from those posting here.

Edited 4 hours ago by JohnnyBD

[Old Croc]

Australian.

Also received this major privacy intrusion from the bank. They insist I provide my tax details, addresses, etc from my home country including the tax file number.

They threaten to terminate me as a customer if non-compliant! 

[bubblegum]

The email does come from Kasikorn but is very bad form I'd say.

 

ARC-Authentication-Results: i=1; mx.google.com;
       dkim=pass [email protected] header.s=secure header.b=GWsYqKYr;
       spf=pass (google.com: domain of [email protected] designates 103.151.50.20 as permitted sender) [email protected];
       dmarc=pass (p=REJECT sp=REJECT dis=NONE) header.from=kasikornbank.com

[Old Croc]

If anyone was wondering how The Revenue Dept would enforce compliance, perhaps with Immigration, it's now clear your bank is the agent for the tax collection. They are insisting (threatening) you register and disclose personal details to them, and even go so far as to provide the forms to apply for a tax ID.

I didn't realize K bank was a government entity!

 

 

Edited 4 hours ago by Old Croc

[Andycoops]

1 hour ago, Wanderer555 said:

Given the email instructs the recipient to complete and return by email would indicate this is either very poor security by K-Bank or a scam.

 

Returning these forms via email could expose the respondent to identity theft.

 

Recommend recipients contact K-Bank customer support and only complete the forms via a secure online channel or in person. 
 

 

I have sent a email to Kasikorn bank to ask them if they have sent these forms out.

I am a UK citizen and have resided here for 16 years.

I will also be calling them on Monday.

 

I have never seen any mention of FATCA CRS in any comments about the proposed taxation of foreigners living here for more than 180 days.

 

[SHA 2 BKK]

I got a letter from HSBC Australia last week, where I have a very small sum of money, to self certify my Thai Tax residency and TIN.  So not just Thai Banks caught up in this.  I was in Malaysia last week to open a new account with Maybank and also had to self certify - Identical form apart from Bank Logo. 

 

I am a K Bank customer but no email (yet)!

 

The HSBC - Maybank Self Certification gives three choices re TIN (A), (B) and (C) - from memory (A) is the Thai TIN (13 Digits), (B) is TIN cannot be obtained and (C) is Country does not issues TIN's or equivalent.

 

I ticked (B) in my case as I have no assessable income in Thailand and I have an LTR Visa which I stated via Royal Decree 743 means I don't pay tax on remitted income and am not entitled to a TIN (that's what the RD on Pahonyonthin Road told me).  

 

Anyway both Banks accepted this - but I'd really like to put this on the record with my Thai accounts!!!

[KhunBENQ]

1 hour ago, bubblegum said:

The email does come from Kasikorn but is very bad form I'd say

Yes true as I wrote from the very beginning. After more than 30 years of dealing with emails I know what to check.

 

Would be helpful if posters could refrain from scam/malware discussion.

 

Handling of data/security is indeed doubtful.

I will visit the local branch first (the branch where I opened in 2009 is a 540 km drive).

Edited 2 hours ago by KhunBENQ

[mokwit]

10 hours ago, KhunBENQ said:

Not the slightest indication of a scam.

And the attached forms are no joke believe me!

 

Title of the forms:

1.1 FATCA-CRS FORM_INDIVIDUAL.pdf
1.2 Form W-9.pdf
1.3 Form W-8BEN.pdf

 

It will be interesting to learn whether all Kbank customer get this or only "very old" customers. Account opened in 2009. Can't remember whether I had to sign the usual "non US" confirmation" which was part of account opening at Bangkok Bank and SCB.

These are US tax declaration forms. I have to fill in W8 Ben as a non US/non dom client of a US broker.

[KannikaP]

10 hours ago, G_Money said:

The OP never mentioned these forms,  Only emails.

With attachments.

[KannikaP]

2 hours ago, ukrules said:

 

The TIN for British nationals tends to be the 'National Insurance Number' - I have only ever used that in the past but I am going back a long time here, like 15 to 20 years

The TIN I got was a completely different one to that on my Pink ID card. I guess it depends on which you get first. Nothing to do with UK NI number.

[hotandsticky]

20 minutes ago, KhunBENQ said:

 

I will visit the local branch first (the branch where I opened in 2009 is a 540 km drive).

 

 

Why?

[Andycoops]

14 minutes ago, KannikaP said:

With attachments.

3 x PDFs

[The Cyclist]

7 minutes ago, KannikaP said:

The TIN I got was a completely different one to that on my Pink ID card. I guess it depends on which you get first. Nothing to do with UK NI number.

 

@ukrules was saying that the UK does not have TIN's as such. The UK uses your NI number in all things tax.

 

2 hours ago, ukrules said:

The TIN for British nationals tends to be the 'National Insurance Number'

 

Which was in response to another poster saying that he didn't have a UK TIN.

[Andycoops]

There are red flags for me.

 

1 is that my email address is in capital letters in the one I received but of course email addresses are in lowercase.

 

2 it mentions people residing outside of Thailand.

As we know any forthcoming taxation is for foreigners residing IN Thailand for more than 180 days.

 

This may mean any scammers who aren't fully conversant with what the proposals are, may have let them down.

 

Also contact the Ministry of Finance and ask them have Kasikorn been asked to get this information.

 

[sometimewoodworker]

11 hours ago, offset said:

As anybody had an E-mail from Kbank asking to fill out 3 forms and return to them

 

Or is this a scam

I received the e-mail. I will go into the bank at sometime in the future.

I will not complete the forms and return them by email.

The forms are not clear 

[jas007]

For what it's worth, I'm an American and II've received nothing from Bank.  It's a very old account, through.  It has been open for around 15 years.  

[Lacessit]

2 hours ago, Wanderer555 said:

Given the email instructs the recipient to complete and return by email would indicate this is either very poor security by K-Bank or a scam.

 

Returning these forms via email could expose the respondent to identity theft.

 

Recommend recipients contact K-Bank customer support and only complete the forms via a secure online channel or in person. 
 

 

I would not do anything online.

 

I intend to submit the forms at the bank branch, in person.

 

I will be inputting the number from my Thai pink card. I do not have a Thai tax number as yet.

 

I am Australian.

[Bday Prang]

2 hours ago, ukrules said:

 

The TIN for British nationals tends to be the 'National Insurance Number' - I have only ever used that in the past but I am going back a long time here, like 15 to 20 years

Most in the UK will have a UTN    ( unique tax number) 

[sometimewoodworker]

 

 

12 minutes ago, Andycoops said:

2 it mentions people residing outside of Thailand.

As we know any forthcoming taxation is for foreigners residing IN Thailand for more than 180 days.

 

You either didn’t read or didn’t understand what you read. To quote 

Quote

We, KASIKORNBANK PUBLIC COMPANY LIMITED, would like to express our sincere gratitude for entrusting us in providing you our products and/or services. As part of Thailand’s participation in the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA CRS), financial institutions are obligated to submit certain information to the Revenue Department, Ministry of Finance, in accordance with the Emergency Decree on Exchange of Information for Compliance with International Agreements on Taxation, B.E. 2566 (2023) and related regulations (hereinafter collectively referred to as the “CRS”).
       The CRS aims to combat tax evasion by individuals residing outside Thailand and to ensure compliance with international taxation standards. In light of these requirements, we kindly request your cooperation in completing the following steps:

 

[Bday Prang]

3 hours ago, scubascuba3 said:

Could just close the account or wait for it to be closed, my other two banks opened more recently haven't sent any email

Why,  do you not think they they will follow suit ?  It would be logical to assume that they will

[sometimewoodworker]

2 hours ago, bubblegum said:

The email does come from Kasikorn but is very bad form I'd say.

 

ARC-Authentication-Results: i=1; mx.google.com;
       dkim=pass [email protected] header.s=secure header.b=GWsYqKYr;
       spf=pass (google.com: domain of [email protected] designates 103.151.50.20 as permitted sender) [email protected];
       dmarc=pass (p=REJECT sp=REJECT dis=NONE) header.from=kasikornbank.com

Regrettably the information you have means absolutely nothing. Everything you have posted is quite easy to spoof.

 

Having said that it is very likely that it IS a genuine email, it has been sent to an email address for me that is exclusive to K-bank, this is not conclusive as it’s easily possible that K-bank has been hacked and the forms are a quite sophisticated way to get personal data. This is why I WILL NOT send forms with personal data by unencrypted email.