K bank E-mail with Tax Forms attached ?

[Yumthai]

4 minutes ago, scubascuba3 said:

37 minutes ago, Eloquent pilgrim said:

 

Has anyone that has received one of these mails decided to just ignore it ?

 

 

 

of course there is the head in the sand approach 

I've been to KBank yesterday for other purpose, no mention about CRS self-certification (that I've never filled).

I assume if it was an urgent requirement a notification would have showed up in their system.

[snawa]

Also received. I am Australian, all Thai banks will be requesting this. Easy to fill out. If an Australian tax resident, even if retired and living in Thailand, with no Thai income no need to have TIN. Tick no for the US questions. As our Australian Information Commission says we don't have to provide our TFN (Australian tax file number) to overseas entities then you just tick "C" saying your country does not mandate disclosure of your home TIN / TFN.

[chiang mai]

2 hours ago, Yumthai said:

I've been to KBank yesterday for other purpose, no mention about CRS self-certification (that I've never filled).

I assume if it was an urgent requirement a notification would have showed up in their system.

Assume!!!

 

Can I just say that if any of my banks sends me a form to complete that they think is important enough to send in the first place, and I don't return it, they usually threaten suspension of my account. UOB Thai does that every two years with certification of my investment account; Hargreaves Lansdowne does that yearly if I don't send them copies of my ID to prove who I am, EVERY YEAR (crazy sh *t); HSBC did that with KYC forms....and so on.

[snawa]

On 11/24/2024 at 1:41 PM, traveller101 said:

Same situation here

Hi mate. Tick box "C", which says your Government (Australia) does not mandate disclosure of your TFN tax file number. 

[redwood1]

5 hours ago, chiang mai said:

Assume!!!

 

Can I just say that if any of my banks sends me a form to complete that they think is important enough to send in the first place, and I don't return it, they usually threaten suspension of my account. UOB Thai does that every two years with certification of my investment account; Hargreaves Lansdowne does that yearly if I don't send them copies of my ID to prove who I am, EVERY YEAR (crazy sh *t); HSBC did that with KYC forms....and so on.

 

Well if it was so important K bank would have sent a E-mail to EVERY customer......Not just a hodge podge sending of Emails to some people here and there....

 

And anyways Banks dont  just close accounts easily......Ok they may suspend  overdrawn accounts  etc......But closing.......Nope Never.......Closing is the very last step after many long years of repeated legal warnings........

 

 

 

 

[chiang mai]

4 minutes ago, redwood1 said:

 

Well if it was so important K bank would have sent a E-mail to EVERY customer......Not just a hodge podge sending of Emails to some people here and there....

 

And anyways Banks dont  just close accounts easily......Ok they may suspend  overdrawn accounts  etc......But closing.......Nope Never.......Closing is the very last step after many long years of repeated legal warnings........

 

 

 

 

The bank will have its criteria for who should receive the forms, of course they will not send it to Somchai and Nok who never had any interests outside Thailand and earns the average wage.

 

Perhaps they don't close accounts in Redwoodland but in the UK it's a regular occurence, especially if they know you don't live there and don't have financial interest or an address there. 

[Upnotover]

18 minutes ago, redwood1 said:

Well if it was so important K bank would have sent a E-mail to EVERY customer......Not just a hodge podge sending of Emails to some people here and there....

There was a copy of an email from KBank earlier in this thread.  It said their email was going to anyone who hadn't already completed these forms, i.e. when opening their accounts.  I did, 2011 and 2024.  So I haven't had the mail nor do I expect it.

[redwood1]

17 minutes ago, Upnotover said:

There was a copy of an email from KBank earlier in this thread.  It said their email was going to anyone who hadn't already completed these forms, i.e. when opening their accounts.  I did, 2011 and 2024.  So I haven't had the mail nor do I expect it.

 

Well K bank could have just said if you have already filled out this BS paperwork then this Email does not apply to you......And not missed a single person if it was sent to everyone....

 

But no K bank says.....Lets send these Emails out real half azz.....To a few people here and there....

 

K bank sure seems to be sheepishly sending out these emails....

[chiang mai]

2 minutes ago, redwood1 said:

 

Well K bank could have just said if you have already filled out this BS paperwork then this Email does not apply to you......And not missed a single person if it was sent to everyone....

 

But no.....Lets send these Emails out real half azz.....To a few people here and there....

 

K bank sure seems to be sheepishly sending out these emails....

Perhaps you could offer K'Bank your services as a business efficiency consultant. That way, they'd win, because their service would have been improved. We would win also because you'd get your arze deported for working without a work permit and we wouldn't have to listen to your whinging any more.

[anrcaccount]

On 11/25/2024 at 11:41 AM, chang50 said:

Just been at  kbank for help with FACTA paperwork it was too easy.All they wanted was my name nationality passport number place of birth.They only want a Thai TIN number if you work in Thailand.Said tick no for all the US questions and ignore the tax resident in another country bit.Sign and date and the jobs a good 'un.Took 2 minutes.

 

Yes, have spoken to several people ( Non-US Citizens, not working in Thailand,)  who have had exactly the same experience: 

• Go into the branch, ask for help with completing form.
• "Do you have work permit" - answered no.
• OK then, fill basic details, copy/sign your passport, bank book if you have it, done.
• No need to provide any tax ID, Thai or foreign.

 

 

 

[oldcpu]

1 hour ago, chiang mai said:

Quote

And anyways Banks dont  just close accounts easily......Ok they may suspend  overdrawn accounts  etc......But closing.......Nope Never.......Closing is the very last step after many long years of repeated legal warnings........

 

Perhaps they don't close accounts in Redwoodland but in the UK it's a regular occurence, especially if they know you don't live there and don't have financial interest or an address there. 

 

Agree.

 

In the case of Canada, agree they don't CLOSE accounts easily, but they DO suspend/freeze accounts pretty easily, and it can be difficult for an expat outside of Canada to unfreeze the account.

 

I have been through the need to unfreeze a couple of times - and it is a real PIA to go through the effort to unfreeze one's account IMHO.

.

[Funkymover]

On 11/24/2024 at 4:46 AM, chelseachris63 said:

(UK Residents) Question 1 – Does your jurisdiction automatically issue TINs to all residents for tax purposes?

TINs are not issued to individuals who do not have a liability for UK tax or National Insurance Contributions, this includes those under 16 years of age, those who do not have a right to work in the UK as well as those with no UK tax or National Insurance Contributions liability.

 

The United Kingdom does not issue TINs in a strict sense, but it does have two TIN-like numbers, which are not reported on official documents of identification: Both the UTR and NINO are personal and private to the party they are allocated to; they are fixed for ever and they are always in the same format.

 

So back to the Kasikorn FATCA/CRS Individual Self-Certification form:

 

"If you are a resident for tax purpose of another country other than Thailand or the United States of America but no TIN is available, indicate which of the following reason is
applicable:
เหตุผล (เอ) – ประเทศที่ผู้ถือบัญชีมีถิ่นที่อยู่เพื่อวัตถุประสงค์ในการเก็บภาษีอากร ไม่ได้ออกเลขประจ าตัวผู้เสียภาษีอากรให้กับผู้อาศัยอยู่ในประเทศนั้น
Reason (A) – The jurisdiction where the account holder is a resident for tax purpose does not issue TINs to its residents.
เหตุผล (บี) – ผู้ถือบัญชีไม่ได้รับเลขประจ าตัวผู้เสียภาษีอากรที่ออกโดยประเทศนั้น (หมายเหตุ: โปรดอธิบายว่าท าไมท่านจึงไม่ได้รับเลขประจ าตัวผู้เสียภาษีอากรที่ออกโดยประเทศนั้น ใน
ค าถามข้อ 2 ของส่วนที่ 2 หากท่านเลือกเหตุผลนี้)
Reason (B) – The account holder is otherwise unable to obtain a TIN (Note: Please explain why you are unable to obtain a TIN in Question 2 of Part 2 if you selected this
reason).
Reason (ซี) – ไม่สามารถให้หรือเปิดเผยเลขประจ าตัวผู้เสียภาษีอากร (หมายเหตุ: เลือกเหตุผลนี้เฉพาะในกรณีที่กฎหมายภายในประเทศ นั้น ไม่อนุญาตให้เปิดเผยข้อมูลเลขประจ าตัว
ผู้เสียภาษีอากรของผู้ถือบัญชีที่ออกโดยประเทศดังกล่าว)
Reason (C) – TIN is not required. (Note: Select this reason only if the domestic law of the relevant jurisdiction does not permit to disclose the TIN.)"

 

Which one to choose?

yea , i was wondering this,,  some say put national insurance number, others just write A and state the united kingdom do not supply TIN ..  I noticed no one has replied to this, so still none the wiser 

 

[Funkymover]

On 11/24/2024 at 6:28 AM, Al BB said:

Ive printed the 3 forms and will go to my Branch tomorrow with them. Just a guess, but I reckon KBank branches  will be inundated with expats in the morning!

was the national insurance number,  the correct option  ??

[chiang mai]

2 minutes ago, Funkymover said:

yea , i was wondering this,,  some say put national insurance number, others just write A and state the united kingdom do not supply TIN ..  I noticed no one has replied to this, so still none the wiser 

 

The UK NI number is your TIN, unless you have a specific HMRC Taxpayer Reference Number, either will do but the NI Number is more widely understood.

[Keeps]

10 minutes ago, Funkymover said:

was the national insurance number,  the correct option  ??

That's what I am going with. I'm going to email the forms tomorrow and see if Kasikorn request anything further. 

 

I've completed the first form only (as UK resident). Page one details as requested and ticked all the 'NO' boxes, included my UK address and NI number on page 2 after ticking 'YES' to question 1, signed and dated page 3. Self-certified the copy of passport by stating it is a true and accurate copy and signed and dated it.

 

Hopefully this will be acceptable to Kasikorn. 

[scubascuba3]

8 hours ago, redwood1 said:

 

Well if it was so important K bank would have sent a E-mail to EVERY customer......Not just a hodge podge sending of Emails to some people here and there....

 

And anyways Banks dont  just close accounts easily......Ok they may suspend  overdrawn accounts  etc......But closing.......Nope Never.......Closing is the very last step after many long years of repeated legal warnings........

 

 

 

 

Easy for them to lock accounts so you can't make transfers etc, money is frozen

[chiang mai]

Hand on heart I don't understand why folks are so averse to obtaining a Thai TIN, it's not like they're being told to contract HIV or develop cancer, it's just a tax ID and having one or not, wont alter your tax liability in the event TRD wants to examine your books. And it does mean that having one will increase your rate of interest on bank savings interest by 15%. But I suppose if not getting one means you think that nobody will know you exist, jeeze, what can be said about that!

[The Cyclist]

52 minutes ago, chiang mai said:

Hand on heart I don't understand why folks are so averse to obtaining a Thai TIN,

 

I don't think that they are averse to obtaining a Thai TIN per se.

 

I think, for some, they are averse to their home Countries finding out where they are.

 

Email reply I recieved last week

 

Quote

Dear Mr

We would like to inform you that normally when opening an account, our branch officer will have customers complete the FATCA form and W-8, W-9. If there are any requirements to update the information, our department will send a letter to the customer's address notifying them to visit our branch.

 

I cannot remember, but I'm pretty sure that I did not complete these forms when I opened the account over a decade ago.

 

I possibly signed them in January 2024, when I last done a lot of stuff in Branch, but cannot remember.

[ward]

Anyone else uneasy about the clauses in Part 4 (last page)?

 

Given my past issues with the tax department and Thai banks, I’m far from comfortable authorizing my bank to withhold funds from my account at their discretion (Part 4, #2).

 

Similarly uneasy about #1 & #3.

 

 

Overall, happy to fill out the rest of the form, just not these final authorizations...

 

[Jingthing]

4 hours ago, The Cyclist said:

 

I don't think that they are averse to obtaining a Thai TIN per se.

 

I think, for some, they are averse to their home Countries finding out where they are.

 

Email reply I recieved last week

 

 

I cannot remember, but I'm pretty sure that I did not complete these forms when I opened the account over a decade ago.

 

I possibly signed them in January 2024, when I last done a lot of stuff in Branch, but cannot remember.

No need for a Thai TIN even if you're a Thailand tax resident if your accessible Thai income is zero or under the filing threshold.

[Jingthing]

2 hours ago, ward said:

Anyone else uneasy about the clauses in Part 4 (last page)?

 

Given my past issues with the tax department and Thai banks, I’m far from comfortable authorizing my bank to withhold funds from my account at their discretion (Part 4, #2).

 

Similarly uneasy about #1 & #3.

 

 

Overall, happy to fill out the rest of the form, just not these final authorizations...

 

Is there a choice?

[Jingthing]

I never filed these docs and no email. I'm pretty sure that just means Kbank keyed in my email address incorrectly. The obligation stands regardless. 

[The Cyclist]

4 minutes ago, Jingthing said:

No need for a Thai TIN even if you're a Thailand tax resident if your accessible Thai income is zero or under the filing threshold.

 

Yes, I am aware of that.

 

I don't think many, if any of the posters I was refering to, remit income that is below the filing threshold.

 

Even the small UK State Pension is above the filing thresholds of 60k / 120k / 220k

[BritManToo]

16 minutes ago, The Cyclist said:

 

Yes, I am aware of that.

 

I don't think many, if any of the posters I was refering to, remit income that is below the filing threshold.

 

Even the small UK State Pension is above the filing thresholds of 60k / 120k / 220k

Wrong as usual,

60k me, 60k wife, 190k over 60, 150k pension, 150k at 0% and a child in school.

 

I make that 610k (without the kid) and no need to file on earned income alone.

[Jingthing]

33 minutes ago, The Cyclist said:

 

Yes, I am aware of that.

 

I don't think many, if any of the posters I was refering to, remit income that is below the filing threshold.

 

Even the small UK State Pension is above the filing thresholds of 60k / 120k / 220k

Well if it's US social security that is exempt and not accessible as far as Thai tax.

[Jingthing]

14 minutes ago, BritManToo said:

Wrong as usual,

60k me, 60k wife, 190k over 60, 150k pension, 150k at 0% and a child in school.

 

I make that 610k (without the kid) and no need to file on earned income alone.

You might still need to file and have a TIN but owing no tax.

[chiang mai]

42 minutes ago, BritManToo said:

Wrong as usual,

60k me, 60k wife, 190k over 60, 150k pension, 150k at 0% and a child in school.

 

I make that 610k (without the kid) and no need to file on earned income alone.

Maximum 100k on the pension.

[ward]

55 minutes ago, Jingthing said:

Is there a choice?

 

I like to believe there always is 🙂

Little drastic but discontinuing their service is an option. However inconvenient, as that would mean going cash-only or via troublesome/pricier workarounds.

Somewhat surprised no one here seems to stumble over this fine print.

 

I wonder how many Thais would trust and agree to authorize their bank to withhold funds from their accounts at the discretion of the bank or the tax department.

 

[Jingthing]

3 minutes ago, ward said:

 

I like to believe there always is 🙂

Little drastic but discontinuing their service is an option. However inconvenient, as that would mean going cash-only or via troublesome/pricier workarounds.

Somewhat surprised no one here seems to stumble over this fine print.

 

I wonder how many Thais would trust and agree to authorize their bank to withhold funds from their accounts at the discretion of the bank or the tax department.

 

Well most likely all Thai banks will eventually follow what Kbank did.

Personally I can't exist here without Thai banks.

[BritManToo]

8 minutes ago, chiang mai said:

Maximum 100k on the pension.

Ok, so I'll use my 30k for child in education.