Kazakhstan fines LLP 6.3 million tenge for failing to repatriate funds
A Taraz-Based Company Fined for Failing to Repatriate Over 438,000 Yuan, Reports Our Website Citing Regional Press Service
A court has ruled that a limited liability partnership (LLP) transferred 438,000 yuan to a non-resident—Chinese company "C."—under a supply contract, but the goods were never delivered, and the funds were not returned to authorized banks in the Republic of Kazakhstan. The repatriation deadline expired in November 2023, yet the company failed to fulfill its repayment obligations.
The company's guilt was confirmed by case materials, including documentary audits and bank records.
During the hearing, the LLP's representative admitted to the charges outlined in the protocol.
Tax authorities urged the court to hold the company accountable.
Under Article 251(2) of the Code of Administrative Offenses, the penalty for such violations is a fine of 20% of the uncredited national or foreign currency amount.
The court ruled the LLP "A." guilty under Article 251(2) and imposed a fine of 6.3 million tenge.
The decision has entered into legal force.
