Kazakhstan: National Bank sets its base rate from January 2023

18 January, 2023

On 13 January 2023, the Monetary Policy Committee of the National Bank of the Republic of Kazakhstan made a decision to set the base rate 16.75% annually with the interest rate corridor of +/- 1.0 percentage points. The rate is used for computing late payment interest and it effects from 13 January 2023. Prior to this, the rate was raised from 16.0% to 16.75% as of 6 December 2022

Asia-Pacific

Kazakhstan

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Kazakhstan: National Bank raises interest base rate

December 05, 2024

The National Bank of Kazakhstan has raised the base interest rate from 14.25% to 15.25%, effective from 2 December 2024. The base rate determines late payment interest, which is calculated as 1.25 times the base rate, divided by 365 to find the

Armenia approves FTA between EAEU, Iran

December 02, 2024

Armenia’s President has signed a law for the ratification of the free trade agreement (FTA) between the Eurasian Economic Union (EAEU) (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia) and Iran on 27 November 2024. The Armenian National

Kazakhstan proposes broadening list of goods eligible for zero VAT rate in SEZs

November 20, 2024

The Ministry of Industry and Construction (MIC) of Kazakhstan has introduced a proposal to broaden the list of goods that qualify for a zero VAT rate in special economic zones (SEZs). This move aims to enhance economic activities in these zones

Kazakhstan consults cross-border transaction monitoring regulation updates

November 15, 2024

Kazakhstan’s Ministry of Finance (MoF) initiated a public consultation on 11 November 2024 to change the regulations governing the monitoring of cross-border business transactions. The state revenue authorities of Kazakhstan monitor

Kazakhstan, Iran set to sign tax treaty

October 31, 2024

Kazakhstan issued the Government Resolution dated 18 October 2024 for the signing of an amending protocol to the 1996 income and capital tax treaty with Iran. This protocol marks the first amendment to the original treaty since its entry into

Kazakhstan updates transfer pricing procedures, introduces new local and master file forms

October 29, 2024

Kazakhstan has issued Order No. 633 of 19 September 2024, which updates Order No. 1104 from 24 December 2018 concerning the forms and procedures for submitting local files, master files, and Country-by-Country (CbC) reports; and introduced new forms