Sunday09 February 2025
toshkent24.com

Minimum threshold for mobile transfer checks set at one million tenge: details.

In Kazakhstan, there are discussions about the potential increase of the minimum threshold for monitoring mobile transfers, which could reach up to one million tenge. This information was revealed in a statement from the country's Ministry of Finance, as reported by Bizmedia.kz.
Минимальный порог для проверок мобильных переводов теперь составляет до миллиона тенге. Узнайте все детали!

As explained by the ministry, a decision has been made in collaboration with the National Bank and other banks to establish a new threshold: if the total amount of mobile transfers exceeds 1.02 million tenge (equivalent to 12 times the minimum wage) within three months, such transactions will be subject to mandatory monitoring.

This threshold will be similar to those used for registering individual entrepreneurs, where the annual income also needs to exceed 12 times the minimum wage.

It is reported that the order is already under review by the National Bank.

Let us remind you that since 2022, banks are required to monitor transactions that may indicate entrepreneurial activity. If an individual receives funds from 100 or more different sources within three months, the bank is obliged to report this information to the authorities for tax control.