Jump to content

Recommended Posts

Posted

Just received the same email and don't understand a word of it. I'm not from the USA and all the other crs/facta is unknow to me as well.

 

Also I reside in Thailand so what to do?

  • Agree 1
Posted
7 hours ago, ukrules said:

Has anyone who's not from the US received this email...so far?

I see they mention CRS as well which is a non US thing.

It’s applicable to US Citizens and non U.S. citizens with taxable income from the U.S.

  • Confused 1
Posted
21 minutes ago, Wanderer555 said:

Given the email instructs the recipient to complete and return by email would indicate this is either very poor security by K-Bank or a scam.

 

Returning these forms via email could expose the respondent to identity theft.

 

Recommend recipients contact K-Bank customer support and only complete the forms via a secure online channel or in person. 

I agree. This is very poor security, asking people for sensitive info to be transmitted via email. I would print out the email and go to the bank. I would not even open the pdfs. The bank has blank forms. This may be a scam. It looks like the emails are targeting mainly British citizens from those posting here. 

  • Confused 1
  • Haha 2
Posted
50 minutes ago, Mutt Daeng said:

I'm a British citizen and I got the email last night. I've lived full time in Thailand since 2009. I don't have a UK address or a TIN (UK or Thai).

 

The TIN for British nationals tends to be the 'National Insurance Number' - I have only ever used that in the past but I am going back a long time here, like 15 to 20 years

  • Thumbs Up 2
Posted
5 hours ago, Everyman said:

Have any U.S. citizens received this email who opened their accounts (somewhat) recently and already filled out the usual FACTA forms?

No, I have not received this email. I am a US citizen. It appears that the emails are targeting mainly UK citizens from those posting here.

Posted

Australian.

Also received this major privacy intrusion from the bank. They insist I provide my tax details, addresses, etc from my home country including the tax file number.

They threaten to terminate me as a customer if non-compliant! 

  • Like 1
Posted
1 hour ago, Wanderer555 said:

Given the email instructs the recipient to complete and return by email would indicate this is either very poor security by K-Bank or a scam.

 

Returning these forms via email could expose the respondent to identity theft.

 

Recommend recipients contact K-Bank customer support and only complete the forms via a secure online channel or in person. 
 

 

I have sent a email to Kasikorn bank to ask them if they have sent these forms out.

I am a UK citizen and have resided here for 16 years.

I will also be calling them on Monday.

 

I have never seen any mention of FATCA CRS in any comments about the proposed taxation of foreigners living here for more than 180 days.

 

Posted

I got a letter from HSBC Australia last week, where I have a very small sum of money, to self certify my Thai Tax residency and TIN.  So not just Thai Banks caught up in this.  I was in Malaysia last week to open a new account with Maybank and also had to self certify - Identical form apart from Bank Logo. 

 

I am a K Bank customer but no email (yet)!

 

The HSBC - Maybank Self Certification gives three choices re TIN (A), (B) and (C) - from memory (A) is the Thai TIN (13 Digits), (B) is TIN cannot be obtained and (C) is Country does not issues TIN's or equivalent.

 

I ticked (B) in my case as I have no assessable income in Thailand and I have an LTR Visa which I stated via Royal Decree 743 means I don't pay tax on remitted income and am not entitled to a TIN (that's what the RD on Pahonyonthin Road told me).  

 

Anyway both Banks accepted this - but I'd really like to put this on the record with my Thai accounts!!!

  • Thanks 1
Posted
1 hour ago, bubblegum said:

The email does come from Kasikorn but is very bad form I'd say

Yes true as I wrote from the very beginning. After more than 30 years of dealing with emails I know what to check.

 

Would be helpful if posters could refrain from scam/malware discussion.

 

Handling of data/security is indeed doubtful.

I will visit the local branch first (the branch where I opened in 2009 is a 540 km drive).

  • Agree 2
Posted
2 hours ago, ukrules said:

 

The TIN for British nationals tends to be the 'National Insurance Number' - I have only ever used that in the past but I am going back a long time here, like 15 to 20 years

The TIN I got was a completely different one to that on my Pink ID card. I guess it depends on which you get first. Nothing to do with UK NI number.

Posted
7 minutes ago, KannikaP said:

The TIN I got was a completely different one to that on my Pink ID card. I guess it depends on which you get first. Nothing to do with UK NI number.

 

@ukrules was saying that the UK does not have TIN's as such. The UK uses your NI number in all things tax.

 

2 hours ago, ukrules said:

The TIN for British nationals tends to be the 'National Insurance Number'

 

Which was in response to another poster saying that he didn't have a UK TIN.

  • Thanks 1
Posted

There are red flags for me.

 

1 is that my email address is in capital letters in the one I received but of course email addresses are in lowercase.

 

2 it mentions people residing outside of Thailand.

As we know any forthcoming taxation is for foreigners residing IN Thailand for more than 180 days.

 

This may mean any scammers who aren't fully conversant with what the proposals are, may have let them down.

 

Also contact the Ministry of Finance and ask them have Kasikorn been asked to get this information.

 

  • Confused 1
  • Thumbs Up 1
  • Agree 1
Posted
11 hours ago, offset said:

As anybody had an E-mail from Kbank asking to fill out 3 forms and return to them

 

Or is this a scam

I received the e-mail. I will go into the bank at sometime in the future.

I will not complete the forms and return them by email.

The forms are not clear 

  • Like 2
Posted

For what it's worth, I'm an American and II've received nothing from Bank.  It's a very old account, through.  It has been open for around 15 years.  

  • Thumbs Up 1
Posted
2 hours ago, Wanderer555 said:

Given the email instructs the recipient to complete and return by email would indicate this is either very poor security by K-Bank or a scam.

 

Returning these forms via email could expose the respondent to identity theft.

 

Recommend recipients contact K-Bank customer support and only complete the forms via a secure online channel or in person. 
 

 

I would not do anything online.

 

I intend to submit the forms at the bank branch, in person.

 

I will be inputting the number from my Thai pink card. I do not have a Thai tax number as yet.

 

I am Australian.

Posted
2 hours ago, ukrules said:

 

The TIN for British nationals tends to be the 'National Insurance Number' - I have only ever used that in the past but I am going back a long time here, like 15 to 20 years

Most in the UK will have a UTN    ( unique tax number) 

  • Haha 1
Posted

 

 

12 minutes ago, Andycoops said:

2 it mentions people residing outside of Thailand.

As we know any forthcoming taxation is for foreigners residing IN Thailand for more than 180 days.

 

You either didn’t read or didn’t understand what you read. To quote 

Quote

We, KASIKORNBANK PUBLIC COMPANY LIMITED, would like to express our sincere gratitude for entrusting us in providing you our products and/or services. As part of Thailand’s participation in the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA CRS), financial institutions are obligated to submit certain information to the Revenue Department, Ministry of Finance, in accordance with the Emergency Decree on Exchange of Information for Compliance with International Agreements on Taxation, B.E. 2566 (2023) and related regulations (hereinafter collectively referred to as the “CRS”).
       The CRS aims to combat tax evasion by individuals residing outside Thailand and to ensure compliance with international taxation standards. In light of these requirements, we kindly request your cooperation in completing the following steps:

 

Posted
3 hours ago, scubascuba3 said:

Could just close the account or wait for it to be closed, my other two banks opened more recently haven't sent any email

Why,  do you not think they they will follow suit ?  It would be logical to assume that they will

  • Like 1
  • Agree 1

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...