The bank asked for CRS or FATCA documents — what is needed?

The subject of this page is “The bank asked for CRS or FATCA documents”, so it deals with the case-specific points first and the shared rules afterwards. The terms that frame this page are bank · asked · FATCA · documents. The common failure in this group of cases is a translation that does not match the certification type required. The most frequent cause of delay in this group is missing supporting documents on the first submission. Before starting, check that names are spelled identically to the passport or ID card on every page, then confirm with the receiving body whether it wants an original, a certified copy or a certified translation, then count the number of certified sets needed before work starts, because extra sets restart the certification steps. When several certification layers are required, start with the slowest one. Leave buffer time in case a translation has to be amended or a source document re-issued. High-resolution photos of seals and signatures help when the destination asks for re-verification. Record the reference number of each certification layer; it is the fastest way to trace status. The next step is confirming the filing channel and the copy or file format required. Automatic exchange of financial account information under the CRS operates in Thailand through the Emergency Decree on Exchange of Information to Comply with International Agreements on Taxation B.E. 2566 (2023), while the United States relationship runs on the Thailand–US Model 1 FATCA agreement. In practice your bank may ask for evidence of tax residence and a taxpayer identification number, and foreign-language evidence usually needs a certified translation. Thai tax residence is set by section 41 of the Revenue Code: a person present in Thailand for an aggregate of 180 days or more in a tax (calendar) year is treated as a resident of Thailand for tax purposes. That status is separate from visa type or work permit, and it is proved to a foreign authority with a certificate of residence issued by the Revenue Department. Names, taxpayer identification numbers, company registration numbers and money figures in the translation must match the original and match the passport or company certificate exactly. A single mismatch is the most common reason a foreign tax authority sends a file back, so send the passport page or company certificate along with the documents so the translator can follow the same spelling. Cost and lead time depend on page count, target language, how many certified sets are required and the steps the receiving authority sets, so every file is quoted before work starts. Send scans of every page together with the letter or form the tax authority sent you, via LINE @NAATI, call +66 80-557-8887 or email ilc@thainotary.co.th.

ปรึกษาฟรี — LINE @NAATI · โทร 080-5578887 · อีเมล ilc@thainotary.co.th