Currency control
The State Revenue Department of East Kazakhstan region informs the participants of FEA that from January 1, 2024, the state revenue authorities are endowed with the function of currency control within their competence, amendments have been made to the relevant Law of the Republic of Kazakhstan "On currency regulation and currency control" No. 167-VI dated July 02, 2018.
A currency exchange agreement on export or import is subject to registration if the sum of such an agreement exceeds US$ 50,000 in equivalent. If the amount of the agreement is not specified in the currency agreement on the date of conclusion, then such an agreement is considered as an agreement subject to registration.
Exporters or importers apply for an account number in the second-tier bank serving them before the start of fulfillment of obligations under the currency exchange agreement on export or import of either party.
If the length of the repatriation has expired, and the amount of unfulfilled obligations by a non-resident under a currency exchange agreement has exceeded US$ 50,000 in equivalent, the issue of initiating criminal proceedings under Article 235-1 "Illegal export, transfer and transfer of currency valuables from the Republic of Kazakhstan of the Criminal Code of the Republic of Kazakhstan" is considered. In the absence of signs of penal acts, an administrative case is initiated under article 251 "Non-fulfillment of claims of repatriation of domestic and (or) foreign currency " of the CoAO of the RK
A currency exchange agreement on export or import is subject to registration if the sum of such an agreement exceeds US$ 50,000 in equivalent. If the amount of the agreement is not specified in the currency agreement on the date of conclusion, then such an agreement is considered as an agreement subject to registration.
Exporters or importers apply for an account number in the second-tier bank serving them before the start of fulfillment of obligations under the currency exchange agreement on export or import of either party.
If the length of the repatriation has expired, and the amount of unfulfilled obligations by a non-resident under a currency exchange agreement has exceeded US$ 50,000 in equivalent, the issue of initiating criminal proceedings under Article 235-1 "Illegal export, transfer and transfer of currency valuables from the Republic of Kazakhstan of the Criminal Code of the Republic of Kazakhstan" is considered. In the absence of signs of penal acts, an administrative case is initiated under article 251 "Non-fulfillment of claims of repatriation of domestic and (or) foreign currency " of the CoAO of the RK