FATCA & CRS Explained: Step-by-Step Compliance Guide for Expats in Thailand 🏦✔️

Have you received a CRS (Common Reporting Standard) or FATCA compliance request from your Thai bank, like KBank? 📄 Don’t worry—you’re not alone! These regulations are part of Thailand’s commitment to global financial transparency. In this video, Carl Turner explains everything you need to know to respond confidently and stay compliant.

🔍 What You’ll Learn:
✅ CRS Overview: What is CRS, and why are Thai banks requesting this information?
✅ Step-by-Step Guidance: How to complete CRS/FATCA self-certification forms, including W-9 and W-8BEN.
✅ Key Deadlines: Stay on top of compliance, like KBank’s 20 December 2024 deadline.
✅ Live Q&A: Real-time answers to audience questions.

💡 Stay ahead of these regulatory requirements and avoid penalties! Hit play now to simplify CRS and FATCA compliance.

#CRS #FATCA #ThailandBanking #KBank #FinancialTransparency #TaxCompliance #Expats #GlobalFinance #W9 #W8BEN


✅ Timestamps

00:00 Intro
01:56 Agenda
02:19 Disclaimer
03:27 Why have Thai banks requested your tax information
03:39 Understanding Common Reporting Standards CRS
06:21 How do the Revenue Department access your information
07:13 Consequences of not completing the forms
08:56 Reviewing the request from KBank
09:52 Tips and advice
11:22 Who has to complete the forms
12:18 How to complete Form 1.1 FATCA/CRS request
16:46 Explaining tax residency
19:45 Who needs a Thai tax ID
20:34 Definition of taxable income in Thailand
22:32 How to get a Thai tax ID number
23:59 Don't panic
25:01 What if you have not received the request
26:53 Social Security and pension income
28:20 Q&A
1:07:13 Outro

🔔 Need clarity on Thailand’s complex tax system? Subscribe today for valuable insights, expert advice, & all the tools you need to simplify your tax process!
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#ThaiTaxes #CommonReporting Standards #CRS #fatcatbeats

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Welcome to Expat Tax Thailand, the leading destination for expert tax information and filing services tailored for expats living in Thailand. We provide comprehensive guides, updates, and insights to help you confidently navigate Thailand's tax landscape. Whether you're seeking clarity on new regulations or need assistance with tax filing, our expert team is dedicated to simplifying expat tax in Thailand.

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⚠️ DISCLAIMER: The information in this video is for informational purposes only and is not intended as professional tax advice. It provides general guidance on tax matters and should not be the sole basis for making personal tax decisions. Tax situations vary greatly, and tax laws may change. We strongly advise consulting with a qualified tax advisor for your situation.

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