Sea-Hawks Posted July 6, 2021 Posted July 6, 2021 I noticed the quarterly bank fee from my Kasikorn bank acct. I believe as a foreigner, we can somehow get that fee stopped, waived or returned … could someone please advise? thanks!
KWA Posted July 6, 2021 Posted July 6, 2021 I think it's tax on interest paid to you. You can get a Thai tax ID (fairly simple I believe) and present it to the bank to get it refunded/not charged in future. Someone else will have to tell you how/where to get the tax ID as I've read about it but never done it. 1
tko Posted July 12, 2021 Posted July 12, 2021 (edited) I have Kasikornbank accounts and the interest pays biannually (June & Dec) rather than quarterly. I get hit with that tax on the same day. As KWA says, you can apparently get a tax id, file forms, and get it refunded. As an US citizen I have to pay taxes to Uncle Sam anyway, so I just take a credit for foreign taxes paid on my US tax return. Edited July 12, 2021 by tko grammar 2
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