Transition to ISO 20022 and the introduction of a consolidated payment order in Kazakhstan

Special edition №248

Overview

Starting from November 11, 2024, Kazakhstan will transition to ISO 20022 –an international standard for electronic messaging between financial organizations.

This innovation is also accompanied by the introduction of a consolidated payment order in Kazakhstan, which allows for the payment of several types of taxes and other mandatory contributions with a single payment order.

Therefore, we recommend contacting your bank to obtain the new format for payment documents to avoid issues with making tax payments starting from November 11, 2024.

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Timur Zhursunov

Partner, Tax, Legal and People Services, PwC Kazakhstan

+7 717 255 0707

Elena Kaeva

Partner, Tax, Legal and People Services, PwC Kazakhstan

+7 727 330 3200

Abay Munsyzbayev

Director, Tax, Legal and People, Almaty, PwC Kazakhstan

+7 701 767 9887, +7 701 767 98 87