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JOINT RESOLUTIONS OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN, BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET AND THE ORDER OF THE FIRST DEPUTY PRIME MINISTER OF THE REPUBLIC OF KAZAKHSTAN - THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of April 21, 2020 No. 51, on April 29, 2020 No. 54, on April 29, 2020 No. 435

About procedure for removal by legal entities of cash from bank accounts, cash withdrawals of money over the established extreme sizes and provision in the Ministry of Finance of the Republic of Kazakhstan information on removal by legal entities of cash over the established extreme sizes

According to the Law of the Republic of Kazakhstan of March 19, 2010 "About the state statistics" and the Presidential decree of the Republic of Kazakhstan of April 21, 2020 No. 308 "About some stabilization efforts" Boards of National Bank of the Republic of Kazakhstan and Agency of the Republic of Kazakhstan on regulation and development of the financial market of POSTANOVLYAYUT and the Minister of Finance of the Republic of Kazakhstan PRIKAZYVAYET:

1. Determine the following procedure for removal by legal entities of cash from bank accounts, cash withdrawals of money over established according to the resolution of Board of National Bank of the Republic of Kazakhstan of April 21, 2020 No. 50 "About the extreme sizes of withdrawal amounts legal entities of cash from bank accounts during calendar month and categories of legal entities to which the requirement for cash withdrawal of money from bank accounts does not extend" registered in the Register of state registration of regulatory legal acts at No. 20494 (further - the resolution No. 50), the extreme sizes and provision in the Ministry of Finance of the Republic of Kazakhstan information on removal by legal entities of cash over the established extreme sizes:

1) requests for cash withdrawal of money from bank accounts from one client of the financial organization performing opening and maintaining business bank accounts during the current calendar month are performed on the amount which is not exceeding the sizes established according to the resolution No. 50, including taking into account the amount of the request (requests) for cash withdrawal of money from bank accounts accepted (accepted) earlier to execution in the current calendar month;

2) excess of the sizes of the amounts within which during calendar month cash withdrawal of money from business bank accounts, except for legal entities is allowed, to which the requirement for the extreme amount of cash withdrawal of money from bank accounts which categories are determined by the resolution No. 50, does not extend is allowed in case of observance in total of the following conditions:

availability of the documents confirming the purpose of cash withdrawal of money from the bank account;

submission by the legal entity of consent to data transmission to Committee of state revenues of the Ministry of Finance of the Republic of Kazakhstan and (or) its territorial subdivisions (further - body of state revenues);

obtaining by the financial organization performing opening and maintaining business bank accounts, data from body of state revenues on lack of the bases for refusal in cash disbursement of the money exceeding the established extreme size;

3) the financial organization performing opening and maintaining business bank accounts no later than the working day following behind day of application for cash withdrawal of money sends in time to body of state revenues the documents confirming the purpose of cash withdrawal of money from the business bank account and the request which shall contain individual identification number of the authorized representative of the legal entity who submitted the application for cash withdrawal of money from the bank account;

Bodies of state revenues within two working days from the date of receipt of the data and documents provided by the subitem 3) of this Item send 4) to the financial organization performing opening and maintaining business bank accounts in written and (or) electronic form of the data on availability or lack of the bases for refusal in cash disbursement of the money exceeding the established extreme size;

5) the body of state revenues, taking into account application of risk management system, takes out one of the following decisions:

on low risk degree - about lack of the bases for refusal in cash disbursement of money;

on high risk - about availability of the bases for refusal in cash disbursement of money.

Approach of term from the date of submission by the legal entity of the request for cash withdrawal of the money exceeding the established extreme amount, and lack of data on availability or lack of the bases for refusal in cash disbursement of the money exceeding the established extreme size of body of state revenues is over three working days the basis for cash disbursement of the money exceeding the established extreme size;

6) for the purpose of implementation of the subitem 5) of this Item the body of state revenues for application of risk management system, stipulated in Item 1 article 136 of the Code of the Republic of Kazakhstan of December 25, 2017 "About taxes and other obligatory payments in the budget (Tax code)", elaborates criteria for evaluation of risk degree which are confidential information;

7) for the period from the date of enforcement of the resolution No. 50 before the termination of calendar month, in which the resolution No. 50, is enacted, cash withdrawal of money from business bank accounts is performed within the sizes of the sums determined by the resolution No. 50;

8) the financial organizations performing opening and maintaining business bank accounts, monthly, no later than the fifteenth following month under report send to National Bank of the Republic of Kazakhstan data on the sizes of withdrawal amounts of cash from bank accounts for the amount more than 10 000 000 (ten million) tenges in total performed during calendar month by legal entities in form according to appendix to this resolution;

9) the National Bank of the Republic of Kazakhstan performs the code of the data specified in the subitem 8) of this Item, on the basis of business and identification numbers by the financial organizations performing opening and maintaining business bank accounts, and the legal entities who performed cash withdrawal of money from bank accounts for determination of the legal entities who exceeded the established sizes of the amounts within which during calendar month cash withdrawal of money from business bank accounts is allowed. Aggregated data go electronically to body of state revenues for use in risk management system and Agency of the Republic of Kazakhstan on regulation and development of the financial market for control of observance by the financial organizations performing opening and maintaining business bank accounts, procedure for the removal by legal entities of cash from bank accounts provided by this resolution.

2. To provide to department of cash circulation in the procedure established by the legislation of the Republic of Kazakhstan:

1) together with Legal department state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication;

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