K bank E-mail with Tax Forms attached ?

[treetops]

2 minutes ago, MangoKorat said:

Have you ever heard of any UK retirees in The Philippenes receiving free hospital treatment? Genuine question.

 

The UK/Philippines reciprocal agreement which covers pensions does not cover medical treatment.

 

https://www.gov.uk/guidance/living-in-the-philippines#healthcare-in-the-philippines

[Moncul]

On 11/23/2024 at 9:22 PM, Upnotover said:

Outside?  So where do you live?  I know where this email is going if i get it.

It has been suggested that anyone failing to respond in the given time will have their accounts frozen.

[sikishrory]

4 hours ago, scubascuba3 said:

What location and branch? kinda useful.

 

Would be good if people could be bothered to mention the branch

Phuket Central

[cdnvic]

Removed some off topic posts.

[trevoromgh]

Can anyone who has visited a branch to complete these forms tell me :-
-  Do they just want a signed copy of the photo page of the passport or each page in the book?
-  Did you  get any type of 'receipt' from the bank to say when/where you attended and provided them with this information?
   I am concerned that if there are any issues later where KBank dispute that you have given them the information requested 
   by the due date you will have no kind of proof the meeting ever took place.
 

[Lacessit]

4 hours ago, trevoromgh said:

Can anyone who has visited a branch to complete these forms tell me :-
-  Do they just want a signed copy of the photo page of the passport or each page in the book?
-  Did you  get any type of 'receipt' from the bank to say when/where you attended and provided them with this information?
   I am concerned that if there are any issues later where KBank dispute that you have given them the information requested 
   by the due date you will have no kind of proof the meeting ever took place.
 

They only want the photo page, side by side with a copy of your passbook balance.

 

I did not get a receipt.

 

It would be a matter of repeating the exercise, if the first did not take.

[Trailmeister]

14 hours ago, garygooner said:

Did you check yes & give your home tax ID no? 

 

When I called KBank customer support, the representative mentioned that I could submit it directly at the branch. However, when I followed up, the staff told me I should handle it myself via email.

 

Eventually, I didn’t submit the form at the branch in Phuket Town because I didn’t have my home country’s tax ID with me and I still wasn't sure if yes or no.

 

Providing my home country’s tax ID wouldn’t be correct, as I am not a resident there. I currently reside in Thailand (more then 180 days), but I don’t have taxable income here (yet.

 

Next week, I plan to apply for a Thai tax ID and eventually send the necessary documents. I suspect this will become increasingly important for dealing with banks, visa applications, and other formalities in the future.

[Wrwest]

20 hours ago, flexomike said:

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

Agreed. Two accounts, use monthly transfers $2200.00 usd monthly) so no cumulative amount meeting the requirements. My status is an economic refugee unable to afford a sustainable working middle class retirement in the USA.

[LarryLEB]

I went yesterday to the Kasikorn branch in Central Festival, Pattaya.  I waited about 7 minutes for my queue number to be called.  The young lady who called my queue number was very knowledgeable about the forms.  As a Canadian, only the first form was required (not the two USA/IRS forms). 

 

She had the form on her computer.  I gave her my Canadian SIN (social insurance number) and she printed out the completed form for me to sign.  She also had me sign a photocopy of my passport ID page along with the ID page of my savings account book.  Took about 5 minutes with her.

[chang50]

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.

Got to thinking was I advised correctly at my visit to kbank as it was ridiculously simple [reported above] so I rang the kbank call centre and repeated what I was told to do emphasising the ignore the tax resident in another country bit.They confirmed this was in order as I am not American.The call was recorded... might help if there are problems later.Can't see what more I can do.This is Thailand and things are interpreted differently in every branch office department whatever.

[Trailmeister]

19 minutes ago, chang50 said:

Got to thinking was I advised correctly at my visit to kbank as it was ridiculously simple [reported above] so I rang the kbank call centre and repeated what I was told to do emphasising the ignore the tax resident in another country bit.They confirmed this was in order as I am not American.The call was recorded... might help if there are problems later.Can't see what more I can do.This is Thailand and things are interpreted differently in every branch office department whatever.

 

"Please note that KASIKORNBANK PUBLIC COMPANY LIMITED does not provide you any tax or legal advice, and we shall not be held liable for any damages, whether direct or indirect, arising from your use of or reliance on any information provided by us related to CRS or taxation."

[BritManToo]

1 hour ago, Trailmeister said:

Next week, I plan to apply for a Thai tax ID and eventually send the necessary documents. I suspect this will become increasingly important for dealing with banks, visa applications, and other formalities in the future.

And I predict in 6 months time they'll quietly forget the whole thing.

Same as they did with banning cannabis, and giving everyone 10kbht. 

Not to mention requiring expats to have Thai health insurance, and giving foreign tourists free insurance.

 

The Thais are great at starting something (usually to comply with some half baked foreign edicts) then quietly moving on when they think no-one is looking.

[The Cyclist]

5 minutes ago, BritManToo said:

And I predict in 6 months time they'll quietly forget the whole thing.

 

Why do you insist on continuing with this garbage ?
 

This has come about due to Thailand signing up to an International Agreement ( Commonly known as CRS )

 

The only way Thailand are dropping this is if they actually withdraw / suspend the International Agreement.

 

Until then they will comply with the rules as laid down in the CRS.

 

8 minutes ago, BritManToo said:

Same as they did with banning cannabis, and giving everyone 10kbht. 

 

Thailand can do what it wants with its own Domestic Policy, which is totally different from an International Agreement.

[garygooner]

35 minutes ago, chang50 said:

Got to thinking was I advised correctly at my visit to kbank as it was ridiculously simple [

Different branches different info.

Someone said that they were informed by Kbank staff they must put yes for having a TIN somewhere, either Thai or abroad. 

[chang50]

16 minutes ago, Trailmeister said:

 

"Please note that KASIKORNBANK PUBLIC COMPANY LIMITED does not provide you any tax or legal advice, and we shall not be held liable for any damages, whether direct or indirect, arising from your use of or reliance on any information provided by us related to CRS or taxation."

fair enough we just have to make the best choices we can with what we know..

[garygooner]

1 hour ago, LarryLEB said:

 

She had the form on her computer.  I gave her my Canadian SIN (social insurance number) and she printed out the completed form for me to sign.  She also had me sign a photocopy of my passport ID page along with the ID page of my savings account book.  Took about 5 minutes with her.

Did she email it for you? 

[jwest10]

No forms or tax forms from my bank or the allowances sheet!!!

[dingdongrb]

Forms? Who in their right mind would open any attachment or link in an email that you personally don't know the sender?

 

Have you not heard of phishing, malware, key-tracker, ransomware as well as many other invasive things...

[JimGant]

2 hours ago, Trailmeister said:

Next week, I plan to apply for a Thai tax ID and eventually send the necessary documents. I suspect this will become increasingly important for dealing with banks, visa applications, and other formalities in the future.

As it says on page one of the KBank request for info -- no Thai TIN required -- if you have no Thai taxable income, i.e., no taxes owed, 'cause your assessable income is less than deductions, exemptions, and the 150k freebie. So, why waste your time -- and possible frustration from being denied a TIN (as recorded many times on this forum) because you have no taxable income. Or, worse, pay an agent 7-12k baht to get you that unnecessary TIN.

 

If you want (don't believe it's required), in the comment section of KBank's page two -- you could mention "Left Thai TIN block blank due to no taxable income."

[Funkymover]

1 hour ago, LarryLEB said:

I went yesterday to the Kasikorn branch in Central Festival, Pattaya.  I waited about 7 minutes for my queue number to be called.  The young lady who called my queue number was very knowledgeable about the forms.  As a Canadian, only the first form was required (not the two USA/IRS forms). 

 

She had the form on her computer.  I gave her my Canadian SIN (social insurance number) and she printed out the completed form for me to sign.  She also had me sign a photocopy of my passport ID page along with the ID page of my savings account book.  Took about 5 minutes with her.

as you have completed this,, can you tell me what this question means. I have asked twice on here and emailed them twice and got no reply to it , only guesses  thanks 

Do you have a hold mail or in care of address as the sole address for the account opened or held with KASIKORNBANK FINANCIAL CONGLOMERATE? If you check “Yes” in any one box, please complete Form W-8BEN and provide supporting document(s)   which is for americans only , I have emailed them twice and got no reply 

 

[Upnotover]

1 hour ago, Funkymover said:

as you have completed this,, can you tell me what this question means. I have asked twice on here and emailed them twice and got no reply to it , only guesses  thanks 

Do you have a hold mail or in care of address as the sole address for the account opened or held with KASIKORNBANK FINANCIAL CONGLOMERATE? If you check “Yes” in any one box, please complete Form W-8BEN and provide supporting document(s)   which is for americans only , I have emailed them twice and got no reply 

 

It seems it is well established terminology relating to bank account and reporting.  It is not just a badly translated description of owing a home.

 

Search "hold mail or in care of address" for lots of information, for example from HMRC (UK) below;

 

For FATCA purposes

If any in-care-of address or a hold mail instruction is discovered in the enhanced review of High Value Accounts, and no other address or indicia of residence are identified for the Account Holder, the Financial Institution must treat this as U.S. indicia and therefore as a U.S. Reportable Account unless it obtains a self-certification or other documentary evidence from the Account Holder to establish that the Account Holder is not a U.S. citizen or resident in the U.S. for tax purposes.

[scubascuba3]

I went to Kasikorn Pattaya Klang today, completed the required parts of the forms, first three boxes saying not US citizen. Then next form says tax resident Thailand? if not which country, i gave UK address and tax number. Can't see the point in giving NI number or fake number.

 

They aren't interested and don't ask about how long in Thailand and all that, irrelevant for this form filling

[jwest10]

18 hours ago, MangoKorat said:

The question many may pose is exactly who is the criminal - those who don't notify the UK authorities they are living abroad or the UK Government for refusing to allow such people to receive their pension increases?

 

Take 2 UK citizens who have paid in identical conributions to the state pension fund.  One stays in the UK and receives all his annual increases, the other moves abroad and his pension is frozen on the day he leaves.

 

The bloke who moves abroad stops costing the UK for doctor/hospital appointments and/or treatment. The bloke who stays is likely, as we all are, to need an increasing amount of appointments and treatment as he ages. If he gets a serious illness it could cost the UK a hell of a lot of money whilst the bloke living abroad has to pay for his own treatment.

 

I can't see any justification whatsoever to freeze the pensions of people who choose to move to a warmer climate in their retirement. There is supposed to be some sort of social security arrangement with countries where you can move to without your pension being frozen - The Philippenes for example. Do you believe that?  Have you ever heard of any UK retirees in The Philippenes receiving free hospital treatment? Genuine question.

 

You clearly have different thoughts but I know who I believe the real criminals are.

 

I would also point  out that whilst people like us are aware of this pension freezing - that's because we are on forums like this. When I talk to people here is the UK, they have no idea that their pensions may be frozen if they move abroad.

 

P.S.  I have just noticed that Jamaica is on the list of places where you can still receive your pension increases.  I have several friends from Jamaica and they tell me that receiving any form of decent healthcare there is just about impossible unless they pay.  If Jamaican citizens can't access decent free healthcare - I very much doubt UK retiress can.

They do not simples

[Bigstef]

4 hours ago, LarryLEB said:

I went yesterday to the Kasikorn branch in Central Festival, Pattaya.  I waited about 7 minutes for my queue number to be called.  The young lady who called my queue number was very knowledgeable about the forms.  As a Canadian, only the first form was required (not the two USA/IRS forms). 

 

She had the form on her computer.  I gave her my Canadian SIN (social insurance number) and she printed out the completed form for me to sign.  She also had me sign a photocopy of my passport ID page along with the ID page of my savings account book.  Took about 5 minutes with her.

Hi I'm Canadian too, did they ask your address in Thailand or any proof? For giving my SIN I'm not comfortable to do this...

[Trailmeister]

3 hours ago, JimGant said:

As it says on page one of the KBank request for info -- no Thai TIN required -- if you have no Thai taxable income, i.e., no taxes owed, 'cause your assessable income is less than deductions, exemptions, and the 150k freebie. So, why waste your time -- and possible frustration from being denied a TIN (as recorded many times on this forum) because you have no taxable income. Or, worse, pay an agent 7-12k baht to get you that unnecessary TIN.

 

If you want (don't believe it's required), in the comment section of KBank's page two -- you could mention "Left Thai TIN block blank due to no taxable income."

 

Good point as well, thanks.

[hotandsticky]

43 minutes ago, Bigstef said:

Hi I'm Canadian too, did they ask your address in Thailand or any proof? For giving my SIN I'm not comfortable to do this...

 

 

...close your account then

[hotandsticky]

3 hours ago, dingdongrb said:

Forms? Who in their right mind would open any attachment or link in an email that you personally don't know the sender?

 

Have you not heard of phishing, malware, key-tracker, ransomware as well as many other invasive things...

 

 

I personally know K Bank.

 

Have done for 18 years.

[David in the north]

On 11/24/2024 at 10:45 AM, JohnnyBD said:

Yes, I understand that. My Thai wife is considered a US tax resident even though she never set foot in the US. If you read the posts, it appears to me that most people getting the emails are non-US citizens and non-US tax residents who have no tax obligations to the US. That is what I find very strange. We will know if this is legitimate when someone reports back after going to the bank. 

Asked at my local branch this morning & assistant manager knew nothing about it!

[garygooner]

1 hour ago, David in the north said:

Asked at my local branch this morning & assistant manager knew nothing about it!

Where was this? 

[garygooner]

If you don't have a Thai TIN do you have to check yes to another country? What if you don't have a tax ID no for another country also? 

Would you now have to write your reason for not having a Thai TIN or another country's TIN? 🤔