K bank E-mail with Tax Forms attached ?

[Funkymover]

Did everyone get these or just those that are living outside thailand ? In which case, how do they know we are living outside of the country 

Edited 4 hours ago by Funkymover

[CrossBones]

It applies to everyone not only US citizens. Probably Thai citizens as well.

One of the forms is for US citizens/green card holders. The other is for non us citizens.

 

You have to fill this out

 

I wonder if i can submit these documents in person at a bank, so i dont need to go through the trouble of getting authorised notarized passport copy.

 

I am interested to know if Thai people have been receiving this form? FATCA/CRS Individual Self-Certification by Kasikorn.

 

 

 

 

Edited 4 hours ago by CrossBones

[Funkymover]

9 hours ago, sometimewoodworker said:

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

think we only need to fill in the individual one, which is basically , just that we are saying no to all americans and then just putting in our address 

[Funkymover]

20 minutes ago, CrossBones said:

It applies to everyone not only US citizens. Probably Thai citizens as well.

One of the forms is for US citizens/green card holders. The other is for non us citizens.

 

You have to fill this out

 

I wonder if i can submit these documents in person at a bank, so i dont need to go through the trouble of getting authorised notarized passport copy.

it does say , if you have already done this or your details or up to date , you can ignore it ,, but what does up to date mean,,, does it mean have your details changed since you opened it,,  because my details are the same from day one 20 years ago . 

[scubascuba3]

6 hours ago, chang50 said:

How long before lots of expats decide it's just not worth it any more?

If they start double taxing then I'll probably leave for half the year

[Confuscious]

43 minutes ago, scubascuba3 said:

If they start double taxing then I'll probably leave for half the year

 

[bubblegum]

2 hours ago, Funkymover said:

Did everyone get these or just those that are living outside thailand ? In which case, how do they know we are living outside of the country 

Last time I left Thailand was a day trip in 2013, I gotten the email.

[worrab]

KBank is complying with global regulations under CRS and FATCA to ensure tax residency details are accurately reported:

• For Americans: FATCA requires banks to report account details to US tax authorities.
• For Non-Americans: CRS requires tax residency information to be shared with international tax authorities to prevent tax evasion.

Why Are They Being Sent Out? 

In 2020, Thailand joined the CRS agreement, committing Thai banks to request tax residency information from their customers. This is standard procedure and not unique to you—KBank happens to be among the first to implement it.

Under CRS rules, banks must:

• Confirm the tax residency of all account holders.
• Identify connections to other countries for tax purposes.
• Share financial account details with local tax authorities, who may exchange the information internationally if needed.

This ensures overseas income and assets are declared in the relevant country. While this may feel new in Thailand, it’s already standard practice in many other countries. Note that switching banks won’t avoid this, as all Thai banks are required to comply with CRS regulations.
 

This is from an email sent out by Carl Turner yesterday following reports of KBank sending out these emails.

[Srikcir]

Information provided on these firms constitute personal data under the Personal Data Act. KB told me that the data is not going to KB who would i think bear responsibility for any unauthorized disclosure (ie., KB employee, officer) but to a KB contractor for whom no information could be provided...?

I suggest in doing these forms that you know who will see the data intended for the bank. 

 

[Drumbuie]

I received this exact email as well this morning, having opened my KBank account last year.

 

It is rather poor practice to send this to " valued customer" instead of addressing it to individual names. The bank has everyone's passport details so why not segment their list by the country the passport was issued in? 

 

 I'll be going to my branch this morning to ask them about it  - and if it's genuine, I'll be writing to head office to give them some feedback. . 

[prakhonchai nick]

"2. provide a certified true copy of your passport; ",

 

Certified by who?  The Lotus's check out girl?? 

 

If a Lawyer needed, they generally charge 1,000bt up to stamp and sign!!!  Will Kasikorn foot the bill?

 

And why?  A copy passport was taken from the original  by bank staff when we opened the account