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Do you have any source web link? 1. Thailand banks did not request any CRS self certification from it's customers yet 2. CRS standard is exchange with country/es of tax residence 3. How do they know in which country/es you're tax resident??? They don't (no CRS self certification). 4. If all...

@Topcat how much is going to be your total cost of setting up US LLC and then annually with filing form 5472?

Why was he banned?

Do they send any mail to your address, or is all communication now electronic (email, online banking, mobile app, telephone)? I was thinking of giving them residential address (tm30) and mailing address (p.o.box).

As for CRS, they still don't have infrastructure in place so I'm not sure how they can share anything. What is your connection to the UK - citizenship, permanent residence status, country of birth? You can always say, address doesn't exist anymore, building was demolished 20 years ago...

@Skenners in one of Thai Elite newsletters I read that you need mailing address when opening account with Bangkok bank or Kasikorn bank. Usually banks ask for residential address (where you reside) and if you receive mail somewhere else, also mailing address (p.o. box, office...). How is with...

So what is the reason IRS is not reporting foreign BO info and info from Form 5472 to BO country of residence?

Is foreign BO reporting meant through US financial institutions and then IRS (like with CRS) or directly through IRS (info from Form 5472)?

Is UAE still considered good option for personal tax residency (for investments in brokerage account abroad) or would you consider some other country?

Those of you who actually changed tax residency for personal account at IBKR, which documents and information connected to residency they want to see? On the website I read that I (non-US citizien, US nonresident alien) would have to change from current IBKR entity to IBLLC-US and assets are...

Public VPN is indeed detectable. However that doesn't mean your account with bank will be blocked, especially if you're using the same VPN IP address everytime. They can also check other available data (browser, OS, screen resolution, color depth, language, cookies...etc).

They should really ditch that "tourist visa" categorization as it sounds like tourist visa on arrival. Privilege entry PE visa is much better than i.e. Retirement visa (if we exclude the cost) but you won't hear anybody saying that Retirement visa is just a tourist visa for +50 age folks (which...

I read that one solution is to voluntarily pay some tax and get TIN and tax return. Not sure what is the approproate amount for this donation...1000 THB?

Do foreign FI also ask for this Residence certificate or just utility bills, bank/card statements...etc? I assume foreign FI also wanna se your PE visa?

@wellington @Skenners do foreign financial institutions and those in Thailand, recognize your Thai Elite Visa (Privilege Entry Visa "PE") as a form of legal residency (not tax residency) in Thailand? I don't want to buy it and realize it's not treated similar to residence permit like with people...

Type of permit doesn't matter (work, retirement, study, privilege entry, residence permit, illegal migrant...). For tax (non)residency all it matters are your residential ties & time spent.

Is this UK specific thing - you can still have residential ties as long as you don't spend time in UK? In high tax EU countries you would be still considered tax resident (no permanent home abroad, using citizenship country address and tax residency, not cutting ties - residential ties still in...

What do you do when banks ask you for address, tax residency, tax id? What do you give them as proof of address, I assume you don't rent and have utility bills for 3-months only?

@wellington @Skenners How is with proof of address in Thailand, are utility bills and address in english?

There are no capital gains in depository bank account. FATCA is not CRS, so read each agreement with specific country, not a blog post.