As property of Uncle Sam, I've had to fill out IRS "know your customer" forms due to FATCA since forever. You're just getting the same treatment.
With Thailand, along with Kenya, implementing CRS, all new accounts will have to fill out CRS/FATCA paperwork, and all the banks will be going back through existing accounts to have account holders fill out the CRS papers.
Some sooner than later. Not all the banks will be on the same schedule getting the CRS forms to their existing account holders.
They need the resources as well of course. Also once the ice melts the US will have a better passage to Europe and Asia via this region, so there are plenty of reasons why the US would want this territory.
It is clearly part of America if one looks at the map.
So, that's it then.
No need for any foreigners to file.
Mods, please close all the tax threads. The conclusion is no foreigners have to file because the TRD have no way of knowing, or finding out, the "true" source of a foreigners income. Actually, they can't even make foreigners file because it's a "self assessment" system.
Pre 2024 savings. No need to file. Job done.
Geez, the Thai's really dropped the ball on this one. All that easy money sitting there for the taking and they have NOTHING in place to force foreigners to prove the source of their remittances.
I wonder how long before they stop this simple loophole?
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