In what cases do banks transfer information regarding mobile transfers of individuals to the tax authorities?
According to subparagraph 24) of paragraph 2 of Article 55 of the Tax Code of the Republic of Kazakhstan, banking organizations submit information on the amount of money received into an individual's bank account from other individuals if there are signs of generating income from entrepreneurial activity.
The transfer of information is carried out only upon the simultaneous fulfillment of the established criteria approved by Order of the Minister of Finance of the Republic of Kazakhstan No. 698 dated November 12, 2025.
Specifically, if an individual receives money from 100 or more different people into a bank account not intended for entrepreneurial activity during each of three consecutive calendar months, and the total amount of receipts exceeds 12 times the minimum wage, such information is sent by second-tier banks to the state revenue authorities.
What actions do the state revenue authorities take after receiving information from banks?
After receiving information from second-tier banks, the state revenue authorities carry out measures in two stages: Stage 1: Informing the taxpayer. In accordance with Article 93 of the Tax Code of the Republic of Kazakhstan, tax authorities inform the taxpayer about the presence...
Is information transferred to the tax authorities if an individual is registered as an individual entrepreneur (IP)?
Answer: Information is transferred to the state revenue authorities for all individuals who fall under the established criteria, regardless of whether they are registered as an individual entrepreneur. This is because the compliance monitoring process takes into account funds rec...
