The Ministry of Finance plans to modify the criteria for verifying mobile transfers, reports a correspondent from the Kapital.kz business information center, citing the agency's press service.
The Ministry of Finance reminded that since 2022, second-tier banks have been determining operations that exhibit signs of income from entrepreneurial activities based on criteria established by the Minister of Finance's order dated March 29, 2022, No. 323. This involves one individual receiving funds from 100 or more different sources into a bank account over three consecutive calendar months, which are not intended for entrepreneurial activities. Banks are required to provide information on such individuals to the state revenue authorities for tax monitoring.
"Following discussions between the Ministry of Finance, the National Bank, and second-tier banks, a decision has been made to supplement the existing criteria with the amount of incoming mobile transfers exceeding 12 MZP over three consecutive calendar months. To be mandatory registered as an individual entrepreneur, the annual income must exceed 12 MZP," the agency explained.
It should be noted that 12 MZP in 2025 amounts to 1,020,000 tenge.
The Minister of Finance's order is currently under review by the National Bank.
Recall that starting in 2025, banks in Kazakhstan began providing the State Revenue Committee with information on mobile transfers made by individual entrepreneurs, managers of legal entities, and their spouses based on the results of 2024. The criterion is that one individual receives funds from 100 or more different sources into a bank account not intended for entrepreneurial activities over three consecutive calendar months.
There were also plans to change the existing criteria for individuals who are eligible not to register as individual entrepreneurs, proposing to establish the following criterion: "An individual receiving funds into a bank account from 100 or more different sources monthly for three consecutive months, with a total amount exceeding 3 MZP."
Dina Kussainova, head of the personal income administration department at the State Revenue Committee, stated that in 2023, the volume of mobile transfers in Kazakhstan reached almost 80 trillion tenge. "There is a lot of information on mobile transfers right now, some of which is inaccurate. I would like to clarify: the amount does not matter here; what matters is the number of people. If there are more than 100 individuals for three consecutive months, only then does a person come under scrutiny," Dina Kussainova explained.
Previously, a proposal from the "Ak Zhol" party deputies to ease mobile payment regulations, specifically to monitor transfers only if an individual's income exceeds 1.5 million tenge, was not supported by the government.