K bank E-mail with Tax Forms attached ?

[Gimmi]

12 minutes ago, Red Phoenix said:

The self-certification form sent by Kasikorn that you need to fill in, allows to state that you do not have a Thai TIN when you provide a valid reason.  An accepted and valid reason is that you can state that your income is already taxed in your home-country, and that you would therefore be exempted from paying taxes on it in Thailand.

Also note that the 'certified' passport-copy you need to provide is simply bad english-thai speak and it simply means that the copy of your passport ID-page needs to carry your signature.

> It's a Big NothingBurger as several members that went to their Kasikorn branche have already found out. 

We should issue a complaint that we as their  'valued customers' did receive such a confusing and alarming e-mail, that didn't even mention that you can settle the whole thing at your local KK branche and that you only need to bring your Passport and your Tax ID-number from your home-country. 

the crs is not used to understand where you pay your taxes. It is used to understand if the bank account has been declared in your country of origin if you are a resident.

[sikishrory]

On 11/24/2024 at 12:48 PM, sikishrory said:

Actually I just got through to them on the phone by entering the extension that was listed in the email. It bypasses the regular system.

She spoke good English and was very helpful.

 

The form / email is real.

Non- US citizens can ignore the 2 IRS ones and just fill in the Thai one.

It can be done via email as requested or done in branch for people with security concerns or who would prefer that.

I asked what if it is not done. She said then if you want to do transactions or update your account in branch you may not be able to proceed to "the next step". I said you mean "if it is not done you cannot do transactions and use your account"? She said no it is only when you try to do things in branch. Take that as you will.

I said I believe you have this info already should I still do it. She recommended yes.

For the passport she said you need to scan it on white paper and sign it then send it. 

 

She also said it is something about this being a new requirement of a system that Kbank has signed up to last year or something.

She also mentioned something about older accounts. As if to say some accounts are older and at that time the information wasn't needed but now it is. Perhaps by old she meant older than the new system they signed up to a year ago.

 

That's about all I know and asked.

 

 

As an update to this. I filled out the Thai form and went to the bank today to hand it in as I had to go there for something else anyway.

I handed it over and she said "you take a picture and send in your email". "You have it in your email"? Clearly not wanting to accept it. Despite explaining that the bank told me I can hand it into the branch.

As I sat down to do this I noticed an older man next to me was trying to do exactly the same thing with the same form and getting the same answer. Except that he was explaining he can't do it because his house was flooded and computer damaged etc.

 

I calmly ignored my tellers smug refusal and proceeded to do what I was really there for. Getting a statement for the DTV visa.

After this was done the teller mentioned that she had updated the other tax form for me and I no longer need to do it. Except she made me sign the signature page again in front of her for some reason. 

I don't know what changed her mind tbh.

As I was walking out the older man that was next to me was at a nearby bench fumbling with the stupid form trying to take pictures and send it and stuff because his teller evdently did not let him give it to her.

So in typical Thai fashion no consistency or standards in the service they give and no F's given.

I felt like mentioning to him on my way out that they just did it for me but I knew it wouldn't have helped anything anyway.

[gkp]

13 minutes ago, Seppius said:

Did you print off and take the form in?, or did they have then there? Thanks

They had all the forms and filled them in 

you just had to sign at the end 

[scottiejohn]

2 hours ago, OJAS said:

 

But your UK bank may, in any event, already be aware of your Thai TIN as a result of a self-certification form (example below) they asked you to complete back in 2016 preparatory to the implementation of CRS in the UK!

HSBC and RBS did not send such forms to me.

[flexomike]

On 11/25/2024 at 2:34 AM, Funkymover said:

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 . 

passport number?

[Funkymover]

1 minute ago, flexomike said:

passport number?

that was up dated 3 years ago 

[flexomike]

On 11/25/2024 at 9:19 AM, Upnotover said:

She doesn't qualify.  From the earlier quoted mail from Kasikorn;

 

"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."

My wife is a Thai with US citizen and did not receive an email. She can't remember if she gave this info to the bank when she opened it about six years ago

[flexomike]

On 11/25/2024 at 9:34 AM, Gobbler said:

Almost 18 years ago the wife opened an account at BB. She is Thai.  They gave her a questionnaire in Thai and English and she still didn't understand why they were asking her all these intrusive question. 

 

I took the paper and ripped it to shreds before the BB employee.  She said nothing. 

Wow, you are a real class act

[flexomike]

On 11/25/2024 at 11:17 AM, Wrwest said:

While I file FBAR some years, if I do not hold over $10,000.00 usd in an account at any time during the year, I am not required to file FBAR. As to FACTA ... required only if over $50,000.00 usd so does not apply to me.

Not sure how many accounts you have but it is a combination of all accounts held outside of the US

[gtr]

Ben of integrity legal going off again about the matter 
 

 

[Trailmeister]

29 minutes ago, sikishrory said:

 

As an update to this. I filled out the Thai form and went to the bank today to hand it in as I had to go there for something else anyway.

I handed it over and she said "you take a picture and send in your email". "You have it in your email"? Clearly not wanting to accept it. Despite explaining that the bank told me I can hand it into the branch.

As I sat down to do this I noticed an older man next to me was trying to do exactly the same thing with the same form and getting the same answer. Except that he was explaining he can't do it because his house was flooded and computer damaged etc.

 

I calmly ignored my tellers smug refusal and proceeded to do what I was really there for. Getting a statement for the DTV visa.

After this was done the teller mentioned that she had updated the other tax form for me and I no longer need to do it. Except she made me sign the signature page again in front of her for some reason. 

I don't know what changed her mind tbh.

As I was walking out the older man that was next to me was at a nearby bench fumbling with the stupid form trying to take pictures and send it and stuff because his teller evdently did not let him give it to her.

So in typical Thai fashion no consistency or standards in the service they give and no F's given.

I felt like mentioning to him on my way out that they just did it for me but I knew it wouldn't have helped anything anyway.

 

I had a similar experience today when I visited a local branch. From what I understood, the information will eventually be sent to the email address mentioned in their message. It doesn’t matter whether you visit the branch or not.

 

I ended up calling customer support, and they confirmed they would either send it to the email for you or let you handle it yourself. I’m not sure if the process varies at other branches.

 

He explained to me. For non-U.S. citizens: If you don’t have a Thai tax ID and no income is listed on page two, you’ll need to check "Yes" and provide your home country’s tax ID. It seems they require at least one tax ID. I told my case that I'm longer then 180 days in Thailand, no taxable income, not working, no work permit, and not registered anymore in my home country. I said as well that i didn't get a tax id in Thailand in the first place.

[NanLaew]

On 11/25/2024 at 12:16 PM, 10000Baht said:

On 11/25/2024 at 11:21 AM, UWEB said:

On FAB 103 a guy reported this morning he has got the mail last night from "Kasikorn" but he doesn't even has an Account with the Bank.

Maybe this is the scam!

 

Sounds more like the "FAB 103" guy has no idea who is using his email address.

 

Then there are the many members who say, "I have an account but haven't received this email, so it's a scam... but I don't know if the bank actually has my email address."

 

Who ties your shoes in the morning?

[WorriedNoodle]

42 minutes ago, gtr said:

Ben of integrity legal going off again about the matter 

Life's too short to watch his ridiculous rantings.

[Mutt Daeng]

4 hours ago, wallyw00 said:

 It asks are you a 'resident' for tax purposes. I am not resident in my home country and have told the tax authorities so, but I do pay tax on income in that country, so I would tick 'no'

Same for me. I pay tax on my pensions in the UK but am not resident there for tax purposes. Don't have a UK address and haven't been there since May 2010.

[wallyw00]

10 minutes ago, Mutt Daeng said:

Same for me. I pay tax on my pensions in the UK but am not resident there for tax purposes. Don't have a UK address and haven't been there since May 2010.

So in your opinion would the answer be 'no' also?

[scottiejohn]

2 hours ago, MTPBKK said:

Tried to log in on revenue department website

Do you have a link to it please.

[CharlieH]

Worried about a Tax Id ? Have a Pink ID Card and Yellow Tabien Bahn ?............

 

 

[transam]

43 minutes ago, WorriedNoodle said:

Life's too short to watch his ridiculous rantings.

Ben does seem to be losing it, of late.......🤔