Vice Minister of Finance Erzhan Birzhanov explained in the Senate why mobile transfers of Kazakhs are being scrutinized. According to him, personal transfers for family help or charity will not be restricted. The focus will be on monthly transactions - 100 payments from different individuals for three consecutive months, totaling over 250,000 tenge. This initiative aims to ensure individual entrepreneurs contribute to local taxes, benefiting schools and hospitals.
Birzhanov highlighted that small businesses impact local budgets, emphasizing the need for tax compliance. He revealed that out of 1.4 million entrepreneurs, 67% reported zero income, reflecting a tax gap. Mobile transfers to individuals and entrepreneurs reached 80 trillion tenge, surpassing total trade turnover. If taxed, this could significantly enhance education and healthcare systems.
Senator Bekbolat Orynbekov echoed the importance of increasing the tax base to fulfill social obligations. The "Ak Zhol" faction lawmakers have proposed further scrutiny on mobile transfers exceeding 1.5 million tenge. Deputy Prime Minister Nurlan Baybazarov acknowledged the need for adjustments based on public and business feedback, underscoring the evolving nature of the project.
The government's efforts to monitor mobile transfers align with the broader goal of enhancing tax compliance and ensuring social welfare programs are adequately funded. By fostering transparency in financial transactions, Kazakhstan aims to strengthen its economic foundation and promote sustainable development.
