New Rules for Monitoring Mobile Transfers in Kazakhstan: Key Changes to Know

Kazakhstan is updating its tax monitoring threshold for individual mobile transfers. Starting November 10, the quarterly income limit for flagged accounts will rise from 1.02 million tenge to 1.557 million tenge.

Under the previous framework, the limit was tied to 12 Minimum Monthly Wages. The revised regulations peg the limit to 360 Monthly Calculation Indices (MCI), raising the reporting threshold by 537,000 tenge.

Financial institutions will report non-business personal account activity to tax authorities only when two conditions are met simultaneously:

1. The account receives transfers from 100 or more unique individuals in each of three consecutive calendar months.

2. The total amount received across those three months exceeds 360 MCI.

The calculation counts unique senders rather than transaction volume; multiple transfers from the same individual will count as a single sender. Banks will transmit this data quarterly by the 15th of the following month, specifying the recipient's Individual Identification Number (IIN) and total quarterly receipts.

The Ministry of Finance reaffirmed that mobile transfers themselves are not directly taxed. Tax liability depends solely on the nature of the transaction: payments for goods or services qualify as taxable business income, whereas personal transfers between relatives and monetary gifts remain non-taxable.

Additionally, exceeding the monitoring threshold does not trigger automatic account freezes or debit restrictions. Signed on October 23 and officially published on October 30, the order formally takes effect on November 10.