Kazakhstan has introduced changes requiring contract servicemen to transfer income-generating property to trust management. By a presidential decree, corresponding amendments have been made to the Internal Service Charter of the Armed Forces, reports Todayinfo.
Now, within 30 calendar days from the start of contract service, a serviceman is obliged to transfer income-generating property to trust management. This applies to businesses, shares, and other assets that may generate profit. After that, the serviceman must submit a notarized copy of the contract to the personnel department.
However, complete deprivation of income for military personnel is not envisaged. The decree allows receiving profit from property transferred to trust management, as well as income from other legal sources. In addition, the document clearly lists assets not subject to transfer to management. These include money, bonds, shares of investment funds, stocks (if their share does not exceed 5% of voting shares), and digital assets.
The document also clarifies that servicemen have the right to rent out their own housing and receive income from it.
