K bank E-mail with Tax Forms attached ?

[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 8 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

[quake]

22 minutes ago, prakhonchai nick said:

"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

 

No, they will only except Big-C check out girls, certification of your passport.

 

Yes,  it's all part of big brother checking up on us. we can't escape it all.

But we all know the bad boys,  will still get away with stuff around the world.

 

 

[Andycoops]

Reply received from KKB, Re: Financial disclosure forms from you. [#733580]

 

[email protected]

To

andycooper

24 Nov

 

24 Nov at 16:46

 

According to your enquiry regarding the email, we would like to inform you that the email [email protected] is an email that the bank has sent to foreign customers who have deposit account with Kasikornbank and pay taxes abroad and have never filled out the FATCA/CRS form. And the customers can download the FATCA/CRS form from the Kasikornbank website and fill in the information on the FATCA/CRS form and other forms (if any). You can send the form along with attached identification documents to the email [email protected].

 

Note: Based on the information, such as registered address, contact address, and work address held in our records, we are required to collect and report certain information to the foreign revenue departments via the Thai revenue department which Thailand has signed in an agreement to exchange financial information with other 113 participating countries.

 

We truly apologize for inconvenience.

 

KASIKORNBANK PCL., is always pleased to be at your service. Should you have any further enquiry, please do not hesitate to contact K-Contact Center at Tel. (+66) 2888 8800 or email us at [email protected] 24 hours a day, 7 days a week.

 

Yours Sincerely,

K-Contact Center

KASIKORNBANK PCL.,

****************************************************************************

K PLUS and K PLUS SME, Easy for Life and Business

K PLUS - Easy for Life, more features make financial transactions easier for everyone.

K PLUS SME - Easy for Business, flexible manage your business professionally.

****************************************************************************

Referring to the email on 24/11/2024

[JustinCredible]

On 11/23/2024 at 9:15 PM, KhunBENQ said:

That's a plausible advice.

Also what is a "true certified copy of passport" via email?

But I will try what others did: getting a TIN at the revenue department.

I already had an interest tax refund in 2013 but not sure whether I have a valid TIN.

 

If you have a Yellow Tabian Baan, you DO already have a TIN.  It is on the 2nd page headed Thai I.D. number. That is the TIN that my local Office gave me.

[Red Phoenix]

19 hours ago, KhunBENQ said:

...

If you don't supply the declaration the account will be closed.

That's what the fine print says.

If it gets to much hassle I will let it happen.

 

I am a Belgian citizen and my official residence is still in Belgium although I am actually living here on my Non Imm O Visa extension.  Unfortunately, I have only one Thai bank-account and I need that Kasikorn account to comply with the financial requirements for my annual Non Imm O 1-year extension (+800K). 

Opening another Thai bank-account in the vain hope that they will not ask these CRS-imposed bank requirements would be a pain, as all Thai banks will eventually go along with these requirements.

From what I read thus far, two things have been clarified already:

1 - The e-mail specified a 'certified copy of your passport', but turns out that this is just bad Thai-English speak as they only want a copy of your passport ID-page with your signature.

2 - Kasikorn provided a (helpful) TIN request form, so you do not need to go in person to the Thai Revenue service to get hold of it (many people that did this, where even turned away at some offices as 'it was not necessary for them').  Obviously you DO need the Thai TIN-number to meet the bank requirements, as non-compliance may and probably will result in your bank-account being closed down. 

 

As you have only till 20 December to comply with their 'request' I will already apply on-line for the TIN-number.  The Thai IRS will provide the information that I have a Thai bank-account to the Belgian tax-authorities (the main reason for this whole CRS set-up to avoid tax evasion).  As the money on my Thai bank-account did come from my Belgian account and has been taxed already, it should not result in any additional taxes being raised as I am under the tresshold-limits that would make me eligible to pay Thai taxes (the Belgian taxes being higher and already levied).  True, the Belgian tax-authorities may tax me on the interest of my 800K on my Kasikorn bank-account, if the Thai tax I paid o that  is lower than what Belgian authorities would apply, but the amount of administrative hassle for getting hold of a very small amount would make it not worth pursuing for them (but you never know in bureaucracies).

 

A possible negative consequence of this whole operation for me could be that Belgian authorities would now have some 'reasonable suspicion' that I am not living in my home-country where I still have my residence.  Of course I could say that I travel a lot and am not in any foreign country +180 days a year, but when they request me to provide a copy of my passport pages, that would of course be conclusive proof that I am more than 180 days a year in Thailand, and that I should thus be written out of my Belgian residence and fall under the Belgian embassy in Bangkok.  But there is very little incentive for them to do this, so I hope that it will never come to that.

 

In short > somewhat of a headache, but as it looks now, it's a relative small effort to comply with Kasikorn's request and not doing so - resulting in the closure of my Thai bank-account with them - would be a far bigger problem.  And note that the logical next step in this saga would be that the Thai Imm Offices would require your Thai Internal revenue TIN-number when applying for a Non Imm O Visa or the extension of it...

 

[Red Phoenix]

5 hours ago, CrossBones said:

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's just bad Thai-English speak as 'certified' means that the copy of your Passport ID-page needs to contain also your signature...

[Upnotover]

3 minutes ago, JustinCredible said:

 

If you have a Yellow Tabian Baan, you DO already have a TIN.  It is on the 2nd page headed Thai I.D. number. That is the TIN that my local Office gave me.

Yes, the yellow book ID number will be the same as you TIN but it is not an automatic process.  You still have to register at the tax office.  And should you do so and not show your yellow book/pink ID they will give you a different number.  But in the meantime using that number if asked for your TIN seems good enough, that is what I intend to do if needed.

[Presnock]

On 11/23/2024 at 8:57 PM, G_Money said:

I have been with them for years.  Never experienced what you have.

 

Personally I would think more scam than not.

 

Do nothing online and go to your branch soon and ask them.

And just where have you bveen since the 2023 July OECD signing by 136 countries and  Thailand's reported plans for taxation of expats and Thai's not paying taxes at all.  BTW expattaxesthailand.com will be doing a webinar on how to fill out the forms - Friday 29 November 1 PM.  you can register for the webinar at their website.

[prakhonchai nick]

9 minutes ago, Upnotover said:

Yes, the yellow book ID number will be the same as you TIN but it is not an automatic process.  You still have to register at the tax office.  And should you do so and not show your yellow book/pink ID they will give you a different number.  But in the meantime using that number if asked for your TIN seems good enough, that is what I intend to do if needed.

I do not have a Yellow Book. As a permanent resident I am in the Blue book. Any idea where i might find the required number (TIN??)

[Upnotover]

1 minute ago, prakhonchai nick said:

I do not have a Yellow Book. As a permanent resident I am in the Blue book. Any idea where i might find the required number (TIN??)

No idea.  With PR do you get a 13 digit ID number?  If not you'll have to get a TIN from the tax office.

[topt]

18 minutes ago, Red Phoenix said:

Obviously you DO need the Thai TIN-number to meet the bank requirements, as non-compliance may and probably will result in your bank-account being closed down. 

Why don't you just give them your Belgian tax no. since you pay tax there anyway? Any Thai bank is not going to know how long you spend in Thailand and or whether you need a Thai TIN

[rughead]

i emailed them and told them I will be attending my local branch to submit the forms , is it a scam , who knows, BUT , i won,t be supplying anybody through email with my Aussie tax file number OR my address in Australia. The financial system in Australia is full of warnings about scammers , usually  by someone  asking for personal details .

AND whilst I,m on it , how come an expat can pay 7000 baht for a taxfile number from accountancy  firms in Thailand , whilst there free to get through a local office . ???

[CharlieH]

17 minutes ago, prakhonchai nick said:

I do not have a Yellow Book. As a permanent resident I am in the Blue book. Any idea where i might find the required number (TIN??)

As I understand it, it's the number on your ID card 

[Red Phoenix]

8 minutes ago, topt said:

Why don't you just give them your Belgian tax no. since you pay tax there anyway? Any Thai bank is not going to know how long you spend in Thailand and or whether you need a Thai TIN

The forms to be filled in require providing both my Belgian tax number and a Thai Internal Revenue TIN-number.  

Obviously Kasikorn has no interest in how much time I spend in Thailand.   Kasikorn just needs to be in compliance with CRS banking rules. 

It are only the Belgian authorities that might be interested in how much time I spent in Thailand yearly, because Belgian (and most other countries) regulations, stipulate that when you are residing in a foreign country +180 days a year, that you need to make your foreign address your official residence.

[chang50]

37 minutes ago, Red Phoenix said:

 

I am a Belgian citizen and my official residence is still in Belgium although I am actually living here on my Non Imm O Visa extension.  Unfortunately, I have only one Thai bank-account and I need that Kasikorn account to comply with the financial requirements for my annual Non Imm O 1-year extension (+800K). 

Opening another Thai bank-account in the vain hope that they will not ask these CRS-imposed bank requirements would be a pain, as all Thai banks will eventually go along with these requirements.

From what I read thus far, two things have been clarified already:

1 - The e-mail specified a 'certified copy of your passport', but turns out that this is just bad Thai-English speak as they only want a copy of your passport ID-page with your signature.

2 - Kasikorn provided a (helpful) TIN request form, so you do not need to go in person to the Thai Revenue service to get hold of it (many people that did this, where even turned away at some offices as 'it was not necessary for them').  Obviously you DO need the Thai TIN-number to meet the bank requirements, as non-compliance may and probably will result in your bank-account being closed down. 

 

As you have only till 20 December to comply with their 'request' I will already apply on-line for the TIN-number.  The Thai IRS will provide the information that I have a Thai bank-account to the Belgian tax-authorities (the main reason for this whole CRS set-up to avoid tax evasion).  As the money on my Thai bank-account did come from my Belgian account and has been taxed already, it should not result in any additional taxes being raised as I am under the tresshold-limits that would make me eligible to pay Thai taxes (the Belgian taxes being higher and already levied).  True, the Belgian tax-authorities may tax me on the interest of my 800K on my Kasikorn bank-account, if the Thai tax I paid o that  is lower than what Belgian authorities would apply, but the amount of administrative hassle for getting hold of a very small amount would make it not worth pursuing for them (but you never know in bureaucracies).

 

A possible negative consequence of this whole operation for me could be that Belgian authorities would now have some 'reasonable suspicion' that I am not living in my home-country where I still have my residence.  Of course I could say that I travel a lot and am not in any foreign country +180 days a year, but when they request me to provide a copy of my passport pages, that would of course be conclusive proof that I am more than 180 days a year in Thailand, and that I should thus be written out of my Belgian residence and fall under the Belgian embassy in Bangkok.  But there is very little incentive for them to do this, so I hope that it will never come to that.

 

In short > somewhat of a headache, but as it looks now, it's a relative small effort to comply with Kasikorn's request and not doing so - resulting in the closure of my Thai bank-account with them - would be a far bigger problem.  And note that the logical next step in this saga would be that the Thai Imm Offices would require your Thai Internal revenue TIN-number when applying for a Non Imm O Visa or the extension of it...

 

I'm interested in the TIN request form I'm going to kbank today can I just ask for one?

[sometimewoodworker]

2 minutes ago, rughead said:

AND whilst I,m on it , how come an expat can pay 7000 baht for a taxfile number from accountancy  firms in Thailand ,

Because they have vastly more money than sense

 

3 minutes ago, rughead said:

whilst there free to get through a local office . ???

Not only that I actually have 2 from the tax offices + a Thai foreigner 13 digit number on my yellow book pink card

[BritManToo]

7 minutes ago, Red Phoenix said:

The forms to be filled in require providing both my Belgian tax number and a Thai Internal Revenue TIN-number.  

Obviously Kasikorn has no interest in how much time I spend in Thailand.   Kasikorn just needs to be in compliance with CRS banking rules. 

It are only the Belgian authorities that might be interested in how much time I spent in Thailand yearly, because Belgian (and most other countries) regulations, stipulate that when you are residing in a foreign country +180 days a year, that you need to make your foreign address your official residence.

What if you fill in the forms and inadvertently mistype your Belgian Tax number? 

[topt]

5 minutes ago, Red Phoenix said:

The forms to be filled in require providing both my Belgian tax number and a Thai Internal Revenue TIN-number.  

Just tell them you don't need a Thai TIN. You think the bank is going to check?

[TigerandDog]

On 11/23/2024 at 8:53 PM, KhunBENQ said:

Got it 20:04 (8:04 PM).

And it's obviously not a scam.

Tax topics come close.

What a time to send such email.

They want to spoil my weekend.

 

of course it's a scam. I also received the same email and I've NEVER had a Kasikorn bank account.

Edited 2 hours ago by TigerandDog
correction

[TigerandDog]

On 11/23/2024 at 9:15 PM, KhunBENQ said:

That's a plausible advice.

Also what is a "true certified copy of passport" via email?

But I will try what others did: getting a TIN at the revenue department.

I already had an interest tax refund in 2013 but not sure whether I have a valid TIN.

If you received a refund of tax deducted from your interest payments, then you already have a TIN.

[Presnock]

12 hours ago, hotandsticky said:

 

 

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

 

or closing out of your bank acct.