From January 1, 2024, the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan becomes one of the currency control bodies.

A lot of work has been done in this direction, namely, amendments have been made to the following legislative acts:

- Law of the Republic of Kazakhstan “On Currency Regulation and Currency Control” in terms of vesting the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan with the functions of currency control and its competencies, including the implementation of inspections;

- Code of the Republic of Kazakhstan on administrative offenses in terms of transferring the function of attracting persons for violation of currency legislation in terms of repatriation of foreign currency earnings;

- Law of the Republic of Kazakhstan “On the National Bank of the Republic of Kazakhstan” in terms of vesting the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan with the function of implementing currency control;

- Entrepreneurial Code regarding the non-extension of the procedure for analyzing the regulatory impact on draft regulatory legal acts of the State Revenue Committee on issues of currency regulation.

- joint Rules for the implementation of export-import currency control in the Republic of Kazakhstan with the National Bank of the Republic of Kazakhstan were approved;

- amendments and additions were made to the Decree of the Government of the Republic of Kazakhstan dated April 24, 2008 No. 387 “On some issues of the Ministry of Finance of the Republic of Kazakhstan” in terms of assigning functions to monitor the repatriation of currency for export-import transactions.

- currently in the Mazhilis of the Parliament of the Republic of Kazakhstan there are amendments to introduce amendments and additions to the Code of Administrative Offenses in Articles 244, 244-1 and 251 “Violation of the procedure for obtaining an account number”, “Failure to submit or submit information and (or) documents in violation of the established deadline” and “Failure to comply with the requirement to repatriate national and (or) foreign currency.”

In accordance with the Law of the Republic of Kazakhstan “On Currency Regulation and Currency Control” dated July 2, 2018, the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan is entrusted with the function of monitoring and controlling the repatriation of national and (or) foreign currency, processing information on alleged violations, carrying out documentary checks and other forms currency control, the practice of bringing to justice for violations of the requirement for the repatriation of national and (or) foreign currency, as well as the deadlines for providing information and supporting documents in currency cases, including transfer to law enforcement agencies.

Gained access to the information systems of the National Bank of the Republic of Kazakhstan to monitor export-import transactions.

Instructions for business processes have been developed, including a User’s Guide for the AIP “EIVK” program, and consideration of materials on violations of currency legislation.

In 2024, it is planned to carry out preparatory work to develop the information system of the State Revenue Committee for currency control. Relevant work is being carried out to automate processes, and the issue of further integration into the IS of the State Revenue Committee is also being considered.

These measures are aimed at repatriating (returning) currency, combating violations of currency legislation and facilitating the return of illegally withdrawn capital.