K bank E-mail with Tax Forms attached ?

[Stocky]

I didn't receive the first email, I didn't go to the branch to complete the form, my account is working fine. To date I've received no follow up email, and I have checked the spam box.

 

 

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[KhunHeineken]

8 hours ago, Stocky said:

I didn't receive the first email, I didn't go to the branch to complete the form, my account is working fine. To date I've received no follow up email, and I have checked the spam box.

 

 

.

Thanks for the update. 

 

I wonder what was K Bank's criteria for selecting customers for the mail out? 

 

Maybe they are doing it in stages, to ease the rush on staff.

[ukrules]

5 minutes ago, KhunHeineken said:

Thanks for the update. 

 

I wonder what was K Bank's criteria for selecting customers for the mail out? 

 

Maybe they are doing it in stages, to ease the rush on staff.

I suspect many of us will have provided similar information when updating addresses, passport numbers, etc over the last few years.

I signed a load of crap to do that a coupe of years back, that might make me current - but they didn't ask for any tax ID - I definitely don't have a Thai ID and would need to dig deep in my files to find the old UK one that I last used in the late 1990s.

No email here at all, got a few million Baht sitting in the account and I withdrew 50k Baht a few days ago from an ATM.

 

[KhunHeineken]

On 1/13/2025 at 11:50 AM, ukrules said:

I suspect many of us will have provided similar information when updating addresses, passport numbers, etc over the last few years.

I signed a load of crap to do that a coupe of years back, that might make me current - but they didn't ask for any tax ID - I definitely don't have a Thai ID and would need to dig deep in my files to find the old UK one that I last used in the late 1990s.

No email here at all, got a few million Baht sitting in the account and I withdrew 50k Baht a few days ago from an ATM.

 

Got a new passport in 2023.  I went and updated my passport ID with K Bank and my telco.  

 

Just strange how some got the email and others didn't, and what's more strange is, why is K Bank the only one doing it?

[oldcpu]

2 hours ago, KhunHeineken said:

 

Just strange how some got the email and others didn't, and what's more strange is, why is K Bank the only one doing it?

 

Some time back (6 months ago or so ?? ) I purchased a very small mutual fund via Kaskikorn Bank. They had me fill in some form that reminded me of a W8BEN (intend I think to satisfy USA requirements) ... It may have been a W8BEN. I can't recall offhand.  Its not a big thing for me as do try my best to follow tax regulations (and I also try my best to legally manage my taxation exposure).

[Caldera]

On 1/13/2025 at 10:37 AM, Stocky said:

I didn't receive the first email, I didn't go to the branch to complete the form, my account is working fine. To date I've received no follow up email, and I have checked the spam box.

 

 

.

 

Exactly the same for me.

 

I get all sorts of other emails from them almost daily just fine (transaction alerts, new T&Cs, etc.), so I know they could contact me that way... I'll do nothing until I either have to go to a branch anyway or until I'll hear from them one way or another...

[KhunHeineken]

On 1/15/2025 at 4:40 PM, oldcpu said:

 

Some time back (6 months ago or so ?? ) I purchased a very small mutual fund via Kaskikorn Bank. They had me fill in some form that reminded me of a W8BEN (intend I think to satisfy USA requirements) ... It may have been a W8BEN. I can't recall offhand.  Its not a big thing for me as do try my best to follow tax regulations (and I also try my best to legally manage my taxation exposure).

Ok, but why is just one bank doing it, and not even Thailand's biggest bank?   

[oldcpu]

33 minutes ago, KhunHeineken said:

Ok, but why is just one bank doing it, and not even Thailand's biggest bank?   

 

Good question.  Its been a few years since I filled in any forms in regards to my Bangkok Bank accounts (separate Bangkok Bank accounts for currencies: Thai Baht, Euro, US$, Canadian$) - but I don't recall such from them being required.

 

Having typed that, my read of a PDF file on the Thai RD site, indicates that Thailand Financial Institutions will eventually require Financial institutions to contact their account holders to get some additional information (if anything other than TIN I can't recall what else - maybe passport info which they have aleady)  in order to submit such to the CRS.

 

Thus far, Bangkok Bank has not contacted me (unless - i did so years back and don't recall).

[KhunHeineken]

52 minutes ago, oldcpu said:

 

Good question.  Its been a few years since I filled in any forms in regards to my Bangkok Bank accounts (separate Bangkok Bank accounts for currencies: Thai Baht, Euro, US$, Canadian$) - but I don't recall such from them being required.

 

Having typed that, my read of a PDF file on the Thai RD site, indicates that Thailand Financial Institutions will eventually require Financial institutions to contact their account holders to get some additional information (if anything other than TIN I can't recall what else - maybe passport info which they have aleady)  in order to submit such to the CRS.

 

Thus far, Bangkok Bank has not contacted me (unless - i did so years back and don't recall).

Do you not see the connection between government (immigration) knowing your passport number, and the Thai banks, who have your passport number in order open an account, and new passport numbers in order to keep the account up to date?

 

Put the above two together and the TRD know how long you have been in Thailand in a tax year, and the bank knows how much you have remitted. 

 

Many are banging on about a TIN and the pink card number blah, blah, blah.  Our passport numbers are linked to EVERYTHING we touch in Thailand.  Simple as that. 

[oldcpu]

1 minute ago, KhunHeineken said:

Do you not see the connection between government (immigration) knowing your passport number, and the Thai banks, who have your passport number in order open an account, and new passport numbers in order to keep the account up to date?

 

No. i doubt they talk to each other nominally. And if they did ... I don't care.

 

 

1 minute ago, KhunHeineken said:

Put the above two together and the TRD know how long you have been in Thailand in a tax year, and the bank knows how much you have remitted. 

 

I am fine with that.  I am even happy to remind them of that if they forget.

 

 

1 minute ago, KhunHeineken said:

 

Many are banging on about a TIN and the pink card number blah, blah, blah.  Our passport numbers are linked to EVERYTHING we touch in Thailand.  Simple as that. 

 

As long as one legally follows Thai law in regards to taxation then one should be fine. That is what I do, and in particular I try my best to properly research the tax code and the ministerial regulations and directives so to better manage my own tax exposure.

[KhunHeineken]

1 hour ago, oldcpu said:

No. i doubt they talk to each other nominally.

I'd be surprised if they didn't. 

 

1 hour ago, oldcpu said:

As long as one legally follows Thai law in regards to taxation then one should be fine. That is what I do, and in particular I try my best to properly research the tax code and the ministerial regulations and directives so to better manage my own tax exposure.

Why bother?

 

They will make this one up on the run.  It will evolve each year.  You may never know where you stand in the system.  Just the way the Thai's like it.