Kazakhstan:
Empowerment Of The State Revenue Committee
27 February 2024
GRATA International
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From 2024, the State Revenue Committee of the Ministry of
Finance of Kazakhstan is authorized to conduct currency control
alongside the National Bank of Kazakhstan.
From now on, the State Revenue Committee and its territorial
subdivisions will monitor repatriation of currency on export-import
operations. In this regard, the state revenue authorities will:
- track violations;
- conduct inspections and apply other measures of currency
control;
- hold individuals accountable for violations in currency
repatriation;
- ensure timely provision of information and documents regarding
currency operations, including sharing data with law enforcement
agencies.
As of today, state revenue authorities use the National
Bank's information system for conducting currency control.
However, there are plans to develop a separate information system
specifically for them.
Read more →
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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