On 22 January 2024, the central bank of Kazakhstan, the National Bank of Kazakhstan, announced in an update that it reduced the base interest rate from 15.25% to 14.75%. The new base interest rate will be effective from 26 February 2024. Previously, the rate was reduced from 15.75% to 15.25% as of 22 January 2024. The base interest rate is vital in calculating late payment interest for tax purposes.
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