Criteria for mobile transfers have been approved

The State Revenue Department of the East Kazakhstan Region informs that the criteria for mobile transactions of individuals have been developed and approved by the Order of the Ministry of Finance of the Republic of Kazakhstan dated March 29, 2022 № 323.

The following criteria are attributed to the criteria for attributing transactions carried out on accounts of individuals as transactions that have signs of receiving income from entrepreneurship:

- receipt by one individual for three consecutive calendar months from 100 or more different persons of money to a current bank account not intended for entrepreneurial activity.

This order approves the Rules and the deadline to provide information on such operations for banks and organizations engaged in certain types of banking operations.

The state revenue authorities will generate information on:

- persons holding a responsible civil service position and their spouses;

- persons authorized to perform public functions and their spouses;

- persons equated to persons authorized to perform public functions and their spouses;

- individuals with an assigned obligation to submit a declaration pursuant to the Constitutional Law of the Republic of Kazakhstan « On Elections in the Republic of Kazakhstan » and the laws of the Republic of Kazakhstan «On Combating corruption», « On Banks and Banking Activities in the Republic of Kazakhstan », « On Insurance Activities », « On the Securities Market ».

This rule comes into force on April 15, 2022.