K bank E-mail with Tax Forms attached ?

[Freddy42OZ]

On 12/11/2024 at 7:57 AM, oldcpu said:

 

My view is to not worry about it. Others may have a different view.

 

 

I'm ignoring it. 

I'm not an American, nothing on those forms applied to me.

[Freddy42OZ]

18 hours ago, Jingthing said:

OK maybe a stupid question, but here goes.

I didn't get the email but I did copy the three PDF forms that were posted on this topic.

Then I found that I couldn't enter text into them. Adobe offers an upgrade but I'm not interested.

Can you enter text on the forms you got (if you got the email)?

If you can't enter text, of course you can print the forms and write by hand and then scan to send by email but what a pain.

Response appeciated.

 

I can fill them in electronically. 

On my PC running Linux they open with a program called Xreader (https://github.com/linuxmint/xreader/) and I can fill them out on screen, no need to print them out. 

 

[recom273]

3 hours ago, Seppius said:

But what will happen on the 20th of December for the deadline to complete, account frozen maybe? are you going to risk that?

 I have a friend who lives a nice existence on the coast in Bang Saphan, he is not aware of Aseannow, doesn’t belong to any expat facebook groups, he does as I do, when he sees a Thai expat blogger on YouTube - clicks “not interested - don’t suggest me more content like this” - he doesn’t use internet banking, he’s still young but doesn’t own a smartphone, pays cash for everything which he draws from the ATM. He didn’t receive an email from kasikorn.
 

Are they really going to drop everyone who doesn’t respond by the 20th. 
 

I have worked in Thailand for 15 years, sometimes authorities just want a number or a photocopied piece of paper to file away - how long will it take for them to find a random number, just to stop them closing your account? Idk .. just asking. 

[ukrules]

1 hour ago, recom273 said:

Are they really going to drop everyone who doesn’t respond by the 20th. 

 

Of course they're not but they will ask again, repeatedly.

[Jingthing]

4 hours ago, MadAtMatrix said:

There are fillable ones located here

https://www.irs.gov/businesses/corporations/fatca-related-forms
 

 

Cool.

That has the IRS forms for Americans W9 and W8BEN but I don't see the most important one, the CRS form for all. 

[Jingthing]

3 hours ago, Freddy42OZ said:

 

 

I'm ignoring it. 

I'm not an American, nothing on those forms applied to me.

The CRS one is international but I understand ignoring it. 

[Jingthing]

5 hours ago, Seppius said:

But what will happen on the 20th of December for the deadline to complete, account frozen maybe? are you going to risk that?

Highly doubtful. 

But possibly they might bother people the next time they do into a branch to do some bid-nes, like a new bank book or ATM card.

[Jingthing]

7 hours ago, Mutt Daeng said:

When you refer to Acrobat, I assume you are talking about the free Acrobat Reader and not the "not free" full on Acrobat editing suite.

I don't use Acrobat Reader, so I can't confirm that. IMHO the forms from the KBank email are not "fillable".

Here is an example of what I consider to be a "fillable" form (TIN application form) https://rd.go.th/fileadmin/tax_pdf/request/lp10.1_110355.pdf which can be filled in using free Acrobat reader and PDFgear.

 

Thanks.

Yes, just the PDF reader.

[Jingthing]

1 hour ago, ukrules said:

 

Of course they're not but they will ask again, repeatedly.

Not if they don't have your correct email. 

[crazykopite]

Ask yourself has any other Thai bank sent out these forms I have several other bank accounts and none only Kasikorn have sent out these forms personally I have chosen to ignore the email after all the bank holds all my details along with copies of my passport and pink ID card !

[MadAtMatrix]

1 hour ago, Jingthing said:

Thanks.

Yes, just the PDF reader.

try sodapdf.com to add text

[sherwood]

Went to my local and they did it for me. Australian 

Not a problem, so far.

[Negita43]

On 12/12/2024 at 5:07 PM, sherwood said:

Went to my local and they did it for me. Australian 

Not a problem, so far.

They did it for you except you signed?  Know what you signed?

[4myr]

On 12/12/2024 at 1:23 PM, Seppius said:

But what will happen on the 20th of December for the deadline to complete, account frozen maybe? are you going to risk that?

 

1) no impact to Kbank services if form not returned

2) any Thai or foreigner customer of Kbank with a known address abroad gets or will get this email from Kbank

 

Answers are all in the FAQ of Kbank:

Quote

 

7. What happens if a customer does not fill out and return the form?
Ans: If the form is not completed and returned, the bank will not have the necessary information to
prepare the report for submission to the tax authorities for international data exchange in
accordance with international agreements.

 

14. If the customer does not complete the form, what impact will it have, and can they still use the bank's
services?
Ans: Customers can still conduct transactions related to their accounts through all channels as usual.
However, the information provided to foreign tax authorities may be incomplete since the bank will
not have the necessary data to generate the report for submission to tax authorities for international
information exchange.

 

3. Why did I receive an email?
Ans: You are considered a tax resident based on your key documents, contact address, or workplace
address in 113 countries. This means the bank is required to request your foreign tax identification
number (TIN) for reporting to foreign tax authorities through the Thai Revenue Department in
accordance with international exchange agreements.

 

19. If a Thai customer is abroad and receives the email, do they need to fill out the form?
Ans: We kindly request that you fill out the form as you have an address abroad.

 

 

[LoeiI]

5 hours ago, Negita43 said:

They did it for you except you signed?  Know what you signed?

The form is in Thai and English

[NativeBob]

On 11/30/2024 at 4:32 PM, chiang mai said:

My Uncle Jim met a bloke in the pub whose third cousin said he did the same thing.

Brilliant! 

[sanook 1]

5 hours ago, 4myr said:

 

1) no impact to Kbank services if form not returned

2) any Thai or foreigner customer of Kbank with a known address abroad gets or will get this email from Kbank

 

Answers are all in the FAQ of Kbank:

 

 

So conclusion seems its ok if we do not return the answers , as we can still use their services as normal? Or am i missing something?

[Negita43]

1 hour ago, LoeiI said:

The form is in Thai and English

So you saw if they ticked:

ท่านมีสถานะเป็ นผู้มีถิ่น ที่อยู่เพื่อวัตถุประสงคใ์ นการเก็บภาษีอากรของประเทศอื่น ๆ ที่มิใช ่ประเทศไทยหรือส หรัฐอเมริกา ใช่หร ือไม่
Are you a resident for tax purpose of another country other than Thailand or the United States of America?

Of course you may not be but if you are and they didn't tick it?

And what I do not like my branch refused to give me a copy even though they amended what I had entered

[4myr]

46 minutes ago, sanook 1 said:

So conclusion seems its ok if we do not return the answers , as we can still use their services as normal? Or am i missing something?

For now yes, as I read the FAQ. They will likely chase you with reminder emails and/or they may change their policy in the future.

[LoeiI]

23 minutes ago, Negita43 said:

So you saw if they ticked:

ท่านมีสถานะเป็ นผู้มีถิ่น ที่อยู่เพื่อวัตถุประสงคใ์ นการเก็บภาษีอากรของประเทศอื่น ๆ ที่มิใช ่ประเทศไทยหรือส หรัฐอเมริกา ใช่หร ือไม่
Are you a resident for tax purpose of another country other than Thailand or the United States of America?

Of course you may not be but if you are and they didn't tick it?

And what I do not like my branch refused to give me a copy even though they amended what I had entered

I filled out the form, the bank lady reviewed the form whilst on the phone to the contact centre and I signed a copy of my passport and bankbook, I never thought to ask for a copy

[danferguson]

10 hours ago, sanook 1 said:

So conclusion seems its ok if we do not return the answers , as we can still use their services as normal? Or am i missing something?

 

You are missing the fact that you are making decisions based on something you read from complete strangers on an internet forum - do you really think a major bank would go to all this trouble unless they had to???

[Jingthing]

47 minutes ago, danferguson said:

 

You are missing the fact that you are making decisions based on something you read from complete strangers on an internet forum - do you really think a major bank would go to all this trouble unless they had to???

All the banks "have to" but Kbank is the first to take the action they did with emails.

[NativeBob]

I got the "Mail Delivery Error" from K-Bank Office-365 something. 

seems that email K-CustomerFATCACRSUpdate(AT)kasikornbank.com doesn't exist or is having an issue. 

Not cool at all !

[Mutt Daeng]

13 hours ago, NativeBob said:

I got the "Mail Delivery Error" from K-Bank Office-365 something. 

seems that email K-CustomerFATCACRSUpdate(AT)kasikornbank.com doesn't exist or is having an issue. 

Not cool at all !

That looks like the same address that I used when I submitted my response on 28/11/2024 and I didn't encounter any errors.

[Caldera]

I didn't get the email. As I'm receiving countless other emails (transaction alerts, new Terms & Conditions, etc.) from Kasikorn Bank all the time without any problems, I've come to the conclusion that they didn't email me because I didn't give them any foreign address when I opened my account almost 20 years ago. So they probably assume that I'm a tax resident of Thailand (only). I will do nothing until they'll get in touch. 

[Jingthing]

7 minutes ago, Caldera said:

I didn't get the email. As I'm receiving countless other emails (transaction alerts, new Terms & Conditions, etc.) from Kasikorn Bank all the time without any problems, I've come to the conclusion that they didn't email me because I didn't give them any foreign address when I opened my account almost 20 years ago. So they probably assume that I'm a tax resident of Thailand (only). I will do nothing until they'll get in touch. 

That's not a logical conclusion.

The CRS form asks if you have any Thai tax accessible income and if so you must include your TIN or a written excuse why you aren't giving your TIN.

If you're a US person there are one other FATCA forms.

[4myr]

5 minutes ago, Jingthing said:

That's not a logical conclusion.

The CRS form asks if you have any Thai tax accessible income and if so you must include your TIN or a written excuse why you aren't giving your TIN.

If you're a US person there are one other FATCA forms.

I agree with @Caldera that as long as he does not get contacted by Kbank, why should he bother. It's the sender's duty to ask the customer for action.

Going back to the bank's FAQ #3, as I interpret it, due to CRS obligations, the bank is only required to chase for foreign TINs, not your Thai TINs. And that's the reason @Caldera did not get this email, as he did not convey his foreign address to the bank. 

 

3. Why did I receive an email?
Ans: You are considered a tax resident based on your key documents, contact address, or workplace
address in 113 countries. This means the bank is required to request your foreign tax identification
number (TIN) for reporting to foreign tax authorities through the Thai Revenue Department in
accordance with international exchange agreements

[hotandsticky]

2 minutes ago, 4myr said:

I agree with @Caldera that as long as he does not get contacted by Kbank, why should he bother. It's the sender's duty to ask the customer for action.
 

 

 

That's the spirit - no responsibilty, or accountability, on the part of the customer.

 

Good luck with that.

[Joe32]

10 minutes ago, 4myr said:

I agree with @Caldera that as long as he does not get contacted by Kbank, why should he bother. It's the sender's duty to ask the customer for action.

Going back to the bank's FAQ #3, as I interpret it, due to CRS obligations, the bank is only required to chase for foreign TINs, not your Thai TINs. And that's the reason @Caldera did not get this email, as he did not convey his foreign address to the bank. 

 

3. Why did I receive an email?
Ans: You are considered a tax resident based on your key documents, contact address, or workplace
address in 113 countries. This means the bank is required to request your foreign tax identification
number (TIN) for reporting to foreign tax authorities through the Thai Revenue Department in
accordance with international exchange agreements

I don't have a foreign address as I'm living here for +10 years. And I haven't worked abroad for that time as well. 

Any idea why I've got an email from them?

[4myr]

6 minutes ago, hotandsticky said:

 

 

That's the spirit - no responsibilty, or accountability, on the part of the customer.

 

Good luck with that.

Remember CRS responsibility's is the Financial Institution's as part of KYC, not the customer of the FI.