Digest of Double Taxation Treaties April 2018

I received a further email from Kasikorn yesterday

"As KBank is required to update customers’ Taxpayer Identification Number (TIN) in compliance with the Revenue Department’s regulations, we kindly inform you that you can find details and guidelines related to information verification under the Revenue Department’s regulations (Common Reporting Standard: CRS) on the KBank website.

• Select the ‘FAQs’.

• Go to ‘Question about CRS’ section.

• Select ‘For Customer who received an email from the bank’."

I also have accounts at SCB and Bangkok Bank. Not a word from them about TIN's I wonder why

For safety I have moved most of my money from Kasikorn
 
Prakhonchai Nick said:
I received a further email from Kasikorn yesterday

"As KBank is required to update customers’ Taxpayer Identification Number (TIN) in compliance with the Revenue Department’s regulations, we kindly inform you that you can find details and guidelines related to information verification under the Revenue Department’s regulations (Common Reporting Standard: CRS) on the KBank website.

• Select the ‘FAQs’.

• Go to ‘Question about CRS’ section.

• Select ‘For Customer who received an email from the bank’."

I also have accounts at SCB and Bangkok Bank. Not a word from them about TIN's I wonder why

For safety I have moved most of my money from Kasikorn
Click to expand...


I am not sure that moving money from K Bank will make any difference.


If there are "new rules" (tax or otherwise) they will apply to everyone and ALL banks in Thailand.
 
CO-CO said:
I am not sure that moving money from K Bank will make any difference.


If there are "new rules" (tax or otherwise) they will apply to everyone and ALL banks in Thailand.
Click to expand...
a) depends where I move it to :grinning:

b) Surely Kasikorn cannot be alone in demanding Tax ID. The other banks have a duty to inform/request before taking action on accounts. So far not a peep!

c) Is it mandatory in Thai law that the public at large open and read their emails?
 
I suggest that if anyone is interested in all this Tax everyone is talking about.
Go into Youtube and watch what the lawyer from Bangkok says about it.
It is called Integrity Legal.
Look through his postings.
 
Deerculler said:
I suggest that if anyone is interested in all this Tax everyone is talking about.
Go into Youtube and watch what the lawyer from Bangkok says about it.
It is called Integrity Legal.
Look through his postings.
Click to expand...


Benjamin Hart seems a nice guy, but....................these videos are largely 'fluff' and speculation (which is all we have had in about 1,000 pages of posts on ASEAN NOW)...... nobody can seem to give a definitive answer - perhaps we are looking for one where none exists.....this is Thailand after all.
 
CO-CO said:
Benjamin Hart seems a nice guy, but....................these videos are largely 'fluff' and speculation (which is all we have had in about 1,000 pages of posts on ASEAN NOW)...... nobody can seem to give a definitive answer - perhaps we are looking for one where none exists.....this is Thailand after all.
Click to expand...
That is basically what Ben Hart is saying.
I admit he does have his odd moments.
 
Just received my miniscule half yearly interest from Kasikorn Bank. Despite apparently not having my TIN, they have had no problem this time or for all the previous 6 monthly interest payments of deducting withholding tax.!!
 
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