K bank E-mail with Tax Forms attached ?

[hotandsticky]

2 hours ago, Liverpool Lou said:

A notarised copy of the original passport.

 

 

Certified isn't necessarily notarised.

 

I won't be visiting a Notary Public with any forms that I complete.

[Bday Prang]

3 hours 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) 

You are  of course correct it is indeed a UTR   

[The Cyclist]

8 minutes ago, Al BB said:

So where can I find that ? ....All my Tax Code Notifications from HMRC only show my NI Number as a reference.

 

You probably only have an NI number, just like me.

 

Use your NI number against anything to do with tax.

 

Never having heard of a UTR, I just googled it and apparently theynstarted in 2009 for people who self assess for tax

[Bday Prang]

6 minutes ago, hotandsticky said:

 

 

Certified isn't necessarily notarised.

 

I won't be visiting a Notary Public with any forms that I complete.

To be certified , would it not need to be "approved" by the relevant embassy   similar to what is required when registering a marriage,  That would also require a trip to the MFA too.  What a pain

[Al BB]

1 minute ago, The Cyclist said:

 

You probably only have an NI number, just like me.

 

Use your NI number against anything to do with tax.

Ive printed the 3 forms and will go to my Branch tomorrow with them. Just a guess, but I reckon KBank branches  will be inundated with expats in the morning!

[scubascuba3]

Just now, Al BB said:

Ive printed the 3 forms and will go to my Branch tomorrow with them. Just a guess, but I reckon KBank branches  will be inundated with expats in the morning!

Yes they will be forming a queue early

[Bday Prang]

Just now, scubascuba3 said:

Yes they will be forming a queue early

Wouldn't surprise me if they install seats outside all of the banks now, just like the "farmers Bank" what a gift to the mobile food vendors, won't be too bad in the current climate , not much fun when things get hot

[Bday Prang]

16 minutes ago, Al BB said:

So where can I find that ? ....All my Tax Code Notifications from HMRC only show my NI Number as a reference.

I  honestly  can't remember, my accountant sorted it out for me , must have been around 20 years ago

[The Cyclist]

5 minutes ago, Al BB said:

Ive printed the 3 forms and will go to my Branch tomorrow with them. Just a guess, but I reckon KBank branches  will be inundated with expats in the morning!

 

No idea, I haven't received them ( yet ) but I'm not with KBank and I have no idea if my bank even has my email address.

 

I know I changed passport details last year, but as to email address, pass.

[Lorry]

50 minutes ago, sikishrory said:

So has anyone spoken to the bank about it yet? That seems like the first logical step here.

Can it be done in bank?

 

Yes

50 minutes ago, sikishrory said:

Which forms need to be done?

 Staff at the branch will have no idea. 

In their desperation,  they (or you) will call the call center. Call center will have no idea. After about 30 minutes on the phone,  call center may find someone who has heard the letters "CRS" and who will tell you something that's most probably wrong.

 

Hints:

They all know FATCA. They will ask you if you are American.  If you are not, they say it doesn't apply to you - wrong (if you are American,  you are f...d). CRS applies to many farang.

Unfortunately,  the people in the bank who deal with CRS are the team FATCA. And these guys don't talk to customers. 

I

50 minutes ago, sikishrory said:

Don't you have the information particularly the Thai form on file already?

Normally not.

50 minutes ago, sikishrory said:

What if it is not done?

They will ask again.

They really have to do this,  late a bit ( like a year or 2) is ok, but not forever 

50 minutes ago, sikishrory said:

These would be my initial questions.

My guess is nobody asked them yet as they have either intentionally blocked the line in anticipation of the flood of expat calls or it is actually congested.

I tried to call but in typical Thai fashion "sorry we are unavailable please hold the line". I have a callback apparently but I doubt they will call.

Are Thais getting the same email?

The bank has to ask people if they have reason to assume they have a foreign tax residency.

Somchai from Ban Nadi in Surin? No.

Tony? Yes, in theory. 

50 minutes ago, sikishrory said:

 

- For non US people at least one form can be ignored

- The other IRS form is annoying and seems necessary to be filled out but who knows as you can't contact the bank.

- The Thai form I imagine needs to be filled out if not done already. The thing is I thought it is done together with the mountain of forms when you open an account with them.

Yes, if your account has been opened recently - if the branch would have known. It probably didn't know and didn't care. 

50 minutes ago, sikishrory said:

 

I had an overseas bank recently do similar as part of their "obligations" to that particular jurisdiction.

Yes, its part of CRS.

50 minutes ago, sikishrory said:

 

As for security I don't doubt it is kbank but isn't it funny how their love of paper only is all of a sudden unimportant and they are willing to except digital copies of official documents. I've never seen that in Thailand before.

Very common.

People rent condos (and pay deposits) like this. 

50 minutes ago, sikishrory said:

 

If anyone gets some answers from the actual bank please do share.

 

[Deerculler]

3 hours ago, ballpoint said:

I'm a NZ citizen, and haven't received this email either, and have never filled in any of these forms.  I've had an account with KBank (or Thai Farmers Bank, as it was back then) since 1988.  Going through this thread it appears that long term account holders haven't received it.  It's definitely real though, as their website contains the following pdf file (5 pages in total, this is the one with the email address):

 

 

FATCACRS-Self-CertificationCompletion-and-Submission-for-Individuals-en.pdf

 

I've been asked to do similar with banks / financial institutions in other countries, but in each of these cases, the forms were submitted via their secure websites, not by email.

 

The self certification form for individuals is here on their website:

 

https://www.kasikornasset.com/DownloadDocument/FATCA_IN_TH.pdf?utm_source=web_own&utm_medium=direct_mass&utm_campaign=none&utm_term=kbank!www.kasikornbank.com/th/search&utm_content=none!www.kasikornbank.com/th/personal

From another Kiwi who has been in Thailand for 15 years.

I highly suspect this is a scam.

[traveller101]

7 hours ago, Old Croc said:

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! 

Same situation here

[KhunBENQ]

Just stumbled upon an up-to-date page on their main website with downloads of the respecting forms:

 

https://www.kasikornbank.com/en/Download/pages/result.aspx?type=70&group=1

 

[CallumWK]

8 minutes ago, Deerculler said:

From another Kiwi who has been in Thailand for 15 years.

I highly suspect this is a scam.

 

Obviously it isn't a scam, have you guys never learned how to use Google?

 

 

[hotandsticky]

33 minutes ago, Al BB said:

Ive printed the 3 forms and will go to my Branch tomorrow with them. Just a guess, but I reckon KBank branches  will be inundated with expats in the morning!

 

 

Most will take a more sensible 'watching brief' ....but I agree, there will be enough lemmings to startle the K Bank staff (who may not even be aware that these forms have been sent out).

[ukrules]

49 minutes ago, Al BB said:

So where can I find that ? ....All my Tax Code Notifications from HMRC only show my NI Number as a reference.

 

From what I heard you get one only when filing your own tax returns, if you're a PAYE tax payer then you won't have one - simple as that.
 

[CallumWK]

This thread looks more like a storm in a teacup.

I have 3 Kbank accounts and haven't received any email. I get monthly statements etc mailed to me, so they have my address.

[garygooner]

From UK. Retired. 

KBANK account since 2019.

Had to sign a load of forms back then.

No email as yet. 

Maybe older accounts first. 

 

[KhunBENQ]

After studying useful information from the thread.

As a "non US" I obviously have to supply ONLY the FATCA self declaration with the "No"s.

No W8*, no W9*.

Will visit the local branch anyway.

[scubascuba3]

20 minutes ago, KhunBENQ said:

After studying useful information from the thread.

As a "non US" I obviously have to supply ONLY the FATCA self declaration with the "No"s.

No W8*, no W9*.

Will visit the local branch anyway.

Yes i agree, the other forms are obviously for USA people. Beginning to feel like a storm in a teacup

[tomacht8]

Just send all of your highly sensitive data to an email address? In response to a non-personally addressed serial email? No way.

[scubascuba3]

1 minute ago, tomacht8 said:

Just send all of your highly sensitive data to an email address? In response to a non-personally addressed serial email? No way.

Usually you can tell if legit by the email addresses used, they look ok

[bubblegum]

Again, I do not reside outside of Thailand:

 

 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:
       1. complete and sign the attached forms, which include:

 

So I guess I just delete the email?

[Negita43]

14 hours ago, M_Kauke said:

I received it today, living in Germany.
If i understand rigt, I have just to fill the Self-Certification, with the information, that i am not US and not US Tax Payer  and german tax payer and send.

I am totally confused I just received this yesterday - the day after I arrived back from the UK - UK tax payer - after being out of the country for 180+ days.

I have no idea if I have to complete it or not.

[The Cyclist]

1 hour ago, bubblegum said:

So I guess I just delete the email?

 

See below

 

2 minutes ago, Negita43 said:

I have no idea if I have to complete it or not.

 

If you have a Thai bank account, you will have to complete it, some might have already completed it if they opened their Thai bank account in the last year or so.

 

Especially if you remit money to that account from overseas.

[ballpoint]

Deleted.

 

Incorrect version of form quoted.

[Dmaxdan]

2 hours ago, CallumWK said:

 

Obviously it isn't a scam, have you guys never learned how to use Google?

 

 

It doesn't alter the fact that it's highly irregular for banks to ask for someone's personal information via emails. In fact they they go out of their way to tell us they will never do that!

[CallumWK]

2 minutes ago, ballpoint said:

For non-US taxpayers residing in Thailand, and having no tax residency status in any other country, the FATCA/CRS form is all that is required, and even then, all answers will be "No". 

 

Question.

 

I live full time in Thailand, my address registered at the embassy, and have a TIN.

Of course I'm still a citizen of my country of birth, so should I declare that country as a tax residence?

[Negita43]

4 minutes ago, The Cyclist said:

Especially if you remit money to that account from overseas.

Actually I don't - it's my 800K savings account - but I do remit asset (money from stocks) to another Bank

[The Cyclist]

3 minutes ago, Negita43 said:

Actually I don't - it's my 800K savings account - but I do remit asset (money from stocks) to another Bank

 

Then be prepared to receive the same paperwork from your other Thai bank.

 

Read the notes in red at the bottom of Part 2.

 

Where it says for example Amount of  Income exempt from Taxation / Type of income exempt from Taxation / Your TIN, or for Brits NI number

 

Then read the notes at Part 3 and 4

 

https://www.kasikornbank.com/th/Download/Level4_doc/FATCA-CRS-FORM_INDIVIDUAL.pdf