Kazakhstan’s National Bank is introducing amendments to the rules governing the opening and maintenance of bank accounts, as well as noncash payments and transfers. The changes will allow self-employed individuals to open special accounts.
The proposed updates include:
Allowing direct payments from escrow accounts to contractors for grant funding tied to research projects. Authorizing special bank accounts for self-employed individuals under the new Tax Code to conduct transactions within a designated tax regime.According to the National Bank, the first measure is intended to strengthen oversight of how grants for the commercialization of scientific and technical research...