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Posted

Either it is a scam, or it is not.

 

If it is a scam, I expect the penny will drop with Kasikorn, after aggrieved customers start bringing their forms into local branches.

 

If it is not, I would expect other banks to follow suit.

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Posted

I'm Australian, live in Thailand have a K Bank account and also received this very annoying and confusing email. I also have accounts with other banks and received nothing like this from them. The Forms all appear to reference the US fairly regularly in their questions so, hopefully, it's just aimed at US citizens.

 

I may cancel my K Bank account as, since I have opened accounts with other banks, found that I prefer to use them.

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Posted
10 hours ago, JohnnyBD said:

That's strange they would send a non-US citizen the IRS reporting forms. It will be interesting to see if they send it to all of their customers. I haven't received anything from Kasikorn yet. I filled out the forms when I opened my Kasikorn account in 2018.

It is quite common for a non-US citizen to be considered a US tax resident especially Canadians who have lived and worked in the US.  Non-US citizens who are married to US citizens can also be treated as US tax residents.

Posted
12 hours ago, KhunBENQ said:

Does this look a scam? First few lines of the FACTA stuff.

 

 

A USA FACTA form with Thai script on it?  Don't USA citizens file FACTA online after registering and there is no form one can submit?

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Posted
45 minutes ago, Coota said:

 

 

I may cancel my K Bank account as, since I have opened accounts with other banks, found that I prefer to use them.

 

 

That would be a fairly dumb move...................do you think other banks will notfollow suit?

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Posted
3 hours ago, Old Croc said:

If anyone was wondering how The Revenue Dept would enforce compliance, perhaps with Immigration, it's now clear your bank is the agent for the tax collection. They are insisting (threatening) you register and disclose personal details to them, and even go so far as to provide the forms to apply for a tax ID.

I didn't realize K bank was a government entity!

 

 

All financial institutions in countries that have signed up to CRS are supposed to verify the details of their account holders - if you look up the CRS details it is very clear and has been posted on here in the various tax threads before.

That is presuming the email is genuine.

Posted
2 hours ago, Andycoops said:

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.

The respectfully you have not been paying attention. Simplistically on one level how do you think the TRD could check anything if they decided to audit you.......

Posted
3 hours ago, Old Croc said:

I didn't realize K bank was a government entity!

So you know now.

They learned it from the plutocratic democratic West.

Posted
7 minutes ago, hotandsticky said:

 

 

That would be a fairly dumb move...................do you think other banks will notfollow suit?

Not really as I outlined in my reply, if you read it fully instead of jumping straight in to bash a contributer, I have other options and said Bank was failing in other areas of service. Don't know why you want to go off topic just for the pleasure of attacking someone and clogging up the topic with <deleted> comments.

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Posted
3 minutes ago, chang50 said:

I am a k bank account holder for about 15 years and have not received this email but if I was to get it I would be very wary of providing any information via email.Sounds dodgy tbh.

The use of caps in the email address looks dodgy.

Posted
1 hour ago, Bday Prang said:

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

Unique Taxpayer Reference (UTR) actually and here's a note regarding that number:

 

'Like National Insurance numbers, UTR numbers are highly confidential, and there are only a few circumstances in which you should give your Unique Taxpayer Reference to someone other than HMRC'. So don't sticking on any forms.

 

And BTW I am a British citizen and a K bank customer who has not received this e mail (as yet) 

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Posted
13 minutes ago, Moonlover said:

Unique Taxpayer Reference (UTR) actually and here's a note regarding that number:

 

'Like National Insurance numbers, UTR numbers are highly confidential, and there are only a few circumstances in which you should give your Unique Taxpayer Reference to someone other than HMRC'. So don't sticking on any forms.

 

And BTW I am a British citizen and a K bank customer who has not received this e mail (as yet) 

 

Do you have a link to the quote? .. this is going to be interesting, I haven't been to the UK in a few of decades, I have no idea about any tax information or UTR.

 

In reality, I dont want to email any completed forms, shouldn't the process be online? I would be happy to go to a branch and get them to walk through the process in English to avoid any confusion. 

Posted
4 minutes ago, Moonlover said:

 

 

I am highly suspicious of this email and certainly won't be responding to it, should I receive it.

 

How many time have we all read messages from our banks, words to this affect: 'we will never ask you for confidential information by email'?

 

Sorry, I meant to attach the link and forgot. See below.

 

https://www.sumup.com/en-gb/invoices/dictionary/unique-taxpayer-reference/

 

Thanks, I googled the quote and came back with the same - it also goes on to mention that you need to complete your address, business address and when you became self employed - I can see the page relates to UK CIS scheme, which I escaped by a year or so. I can see a lot of sorry, don't knows, like I say, this is going to be interesting, I kind of just upsticks and left, maybe even a big headache.

Posted
1 hour ago, gamb00ler said:

It is quite common for a non-US citizen to be considered a US tax resident especially Canadians who have lived and worked in the US.  Non-US citizens who are married to US citizens can also be treated as US tax residents.

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. 

Posted
46 minutes ago, ballpoint said:

That is it (some editing done in the meantime).

Now wait for the posters saying that the website is a scam :biggrin:

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Posted

Knock on wood I (US citizen) have accounts at three different Thai banks including kbank opened 20 years ago and haven't heard a peep. Of course I file FBARs. If the banks aren't going after me I will do nothing. 

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Posted
41 minutes ago, Jingthing said:

Knock on wood I (US citizen) have accounts at three different Thai banks including kbank opened 20 years ago and haven't heard a peop. Of course I file FBARs

After reading all the posts, the emails appear to be targeting non-US citizens. I (US citizen) have accts at Kasikorn, and 3 other Thai banks, and haven't received anything from any of them, probably because US citizens normally fill out the forms when we open an acct.

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