K bank E-mail with Tax Forms attached ?

[Gobbler]

20 hours ago, KhunBENQ said:

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:
       1. complete and sign the attached forms, which include:
           1.1 FATCA/CRS Individual Self-Certification,
           1.2 IRS Form W-9 (if applicable), and
           1.3 IRS Form W-8BEN (if applicable);
       2. provide a certified true copy of your passport; and
       3. return the completed forms and document(s) abovementioned to us by email at [email protected] no later than December 20, 2024.

 

19 hours ago, CharlieH said:

 2. provide a certified true copy of your passport; and

 

 

Nonsense. Forget it.  They will do nothing.  I have 2 Kasikorn accounts. All banking is done by my son who is American, but his bank account at Kasikorn is not. 

[sometimewoodworker]

3 hours ago, Al BB said:

So where can I find that ? ....All my Tax Code Notifications from HMRC only show my NI Number as a reference.

Sign in at https://www.tax.service.gov.uk/personal-account and you will see everything you could want.

[Lacessit]

I envisage a flood of expats inundating Kasikorn branches tomorrow, dealing with bewildered bank staff.

 

Deadline is December 20, plenty of time to see what shakes out.

[MangoKorat]

The inclusion of the term 'by individuals residing oustide Thailand' is the thing that worries me. I opened my Kasikorn account when I had a Non O based on marriage and have never actually resided in Thailand. Being divorced now I don't have such a visa.

 

As far as I know, to hold a Thai bank account, you have to actually live in the country (officially), although there are probably thousands of people who like me, don't.  I am pretty sure that the local bank staff know I don't reside in Thailand but I worry they may close my account if I actually put pen to paper on this.

[digital]

32 minutes ago, CallumWK said:

Question.

 

I live full time in Thailand, my address registered at the embassy, and have a TIN.

Of course I'm still a citizen of my country of birth, so should I declare that country as a tax residence?

 

It says "The CRS aims to combat tax evasion by individuals residing outside Thailand", if you are only a tax resident of Thailand I wouldn't have thought you need to mention any other country.

 

For the UK you can check your tax resident status here
 https://www.tax.service.gov.uk/guidance/check-your-UK-residence-status/start/choose-tax-year

 

A non resident may still have to do a UK tax return for some forms of income arising in the UK,, but still remain a UK non tax resident which is what I think they are asking. I doesn't ask where you pay or complete tax returns it asks where you are a tax resident.

[Gobbler]

24 minutes ago, MangoKorat said:

The inclusion of the term 'by individuals residing oustide Thailand' is the thing that worries me. I opened my Kasikorn account when I had a Non O based on marriage and have never actually resided in Thailand. Being divorced now I don't have such a visa.

 

As far as I know, to hold a Thai bank account, you have to actually live in the country (officially), although there are probably thousands of people who like me, don't.  I am pretty sure that the local bank staff know I don't reside in Thailand but I worry they may close my account if I actually put pen to paper on this.

I don't think this is true. How would they know?

[chang50]

Well I just phoned kbanks call centre about this.As I suspected they did not have an email for me.

Their agent recommended I went to a KBANK branch soon as it is required for all to fill in these forms.I could not obtain a Thai TIN earlier the tax office told me to come back at the end of the year with a bank statement for 2024.So I plan to go tomorrow with my UK N I number and UTR.To the best of my knowledge I am tax resident in Thailand hopefully after explaining this they will give me something to allow the tax office to issue a TIN.

 

[chang50]

22 minutes ago, chang50 said:

Well I just phoned kbanks call centre about this.As I suspected they did not have an email for me.

Their agent recommended I went to a KBANK branch soon as it is required for all to fill in these forms.I could not obtain a Thai TIN earlier the tax office told me to come back at the end of the year with a bank statement for 2024.So I plan to go tomorrow with my UK N I number and UTR.To the best of my knowledge I am tax resident in Thailand hopefully after explaining this they will give me something to allow the tax office to issue a TIN.

 

Naturally I am expecting another fruitless frustrating day dealing with Thai bureaucracy but doing nothing might be worse.

[bubblegum]

I reside in Thailand, get my money from the Netherlands where they deduct my tax before paying me, we do not have TIN numbers and K bank can send me a reminder if need be.

[The Cyclist]

34 minutes ago, chang50 said:

.I could not obtain a Thai TIN earlier the tax office told me to come back at the end of the year with a bank statement for 2024.So I plan to go tomorrow with my UK N I number and UTR.To the best of my knowledge I am tax resident in Thailand hopefully after explaining this they will give me something to allow the tax office to issue a TIN.

 

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.

[chang50]

8 minutes ago, The Cyclist said:

 

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.

Thanks for the advice not decided exactly what to do.

[CallumWK]

1 hour ago, digital said:

 

It says "The CRS aims to combat tax evasion by individuals residing outside Thailand", if you are only a tax resident of Thailand I wouldn't have thought you need to mention any other country.

 

For the UK you can check your tax resident status here
 https://www.tax.service.gov.uk/guidance/check-your-UK-residence-status/start/choose-tax-year

 

A non resident may still have to do a UK tax return for some forms of income arising in the UK,, but still remain a UK non tax resident which is what I think they are asking. I doesn't ask where you pay or complete tax returns it asks where you are a tax resident.

 

I have been free of doing tax returns in my country for almost 10 years, but since this year I receive a pension, though the total is below the threshold to get pay income tax

[Seppius]

I just replied to the email (you can) told them a brief account of my status and asked for more details as I am old and confused🤣

 

[hotandsticky]

58 minutes ago, bubblegum said:

 K bank can send me a reminder if need be.

 

 

...hopefully before Immigration start to ask for the evidence as part of your extension application.....

 

[chang50]

And boy isn't the FACTA form confusing!Where it asks if you are resident for tax purposes of another country presumably they want your home country where your pension is taxed even if you are tax resident in Thailand and haven't been given a TIN?

Edited 2 minutes ago by chang50

[MangoKorat]

2 hours ago, Gobbler said:

I don't think this is true. How would they know?

Not sure, I guess I should read the forms first and see what information they are asking for.  I no longer meet their criteria for opening an account - I wanted a second account which they refused as I no longer have a Non O or a Work Permit. I just don't want any problems with them as I have several regular payments to make.