Kazakhstan finance ministry to probe 115,000 citizens' transfers
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Kazakhstan's Finance Ministry plans to scrutinize bank transfers of 115,000 citizens as part of a tax compliance campaign. The checks target individuals whose transactions exceeded certain thresholds in 2025, according to Diapazon.kz.
Scope of Checks
The Finance Ministry will review transactions of 115,000 individuals who received or sent over 100,000 tenge ($215) monthly in 2025. The data was obtained from banks and payment systems under the Tax Code's Article 48. Officials aim to identify undeclared income and potential tax evasion.
Legal Basis
The checks are authorized by amendments to the Tax Code effective January 2026, which expanded the ministry's access to banking data. Citizens whose transfers exceed 12 million tenge ($25,800) annually face mandatory audits. The ministry stated that random checks will also target smaller amounts if patterns suggest unreported business activity.
Public Reaction
The announcement sparked concern among small business owners and freelancers, many of whom rely on informal transfers. The Atameken National Chamber of Entrepreneurs reported a surge in inquiries about tax registration. Some lawyers argue the measures may violate banking secrecy, though the ministry insists they comply with the law.
What's Next
The Finance Ministry is set to begin the checks in July 2026, with initial results expected by September. It remains unclear how many citizens will face fines or prosecution, and whether the campaign will expand to include 2026 transactions.
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Kazakhstan finance ministry to probe 115,000 citizens' transfers
