Finance Ministry introduces stricter rules on money transfers in Kazakhstan

Tengrinews.kz - Kazakhstan is preparing new rules for monitoring bank accounts and transfers.
The Ministry of Finance has put forward a draft order that specifies how data on the movement of funds in the accounts of citizens subject to asset and liability declarations should be provided.
What will change
Under the draft, second-tier banks will be required to submit detailed information to tax authorities on accounts held by individuals filing income and property declarations. The list will include data on:

account numbers and balances;annual account transactions;loans issued to such individuals, including repayment amounts and accrued interest;fund movements related to the purchase of assets worth more than 20,000 MCI (in 2025, over 73 million tenge).

Why it matters
The Ministry of Finance says the measure is aimed at strengthening oversight of citizens’ income and assets as part of the universal declaration system. Tax authorities will be able to remotely track large transactions and compare them with submitted declarations. The initiative is expected to ensure fairer taxation, increase budget revenues, and reduce the shadow economy.
Background
Previously, banks were only required to provide general information on accounts and loans. The new draft clarifies and expands the list in line with provisions of the updated Tax Code. Officials stress that the changes do not pose additional risks for citizens but will improve transparency in financial monitoring.
The draft is currently open for public discussion on the "Open NLA" portal.
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