On 25 April 2022, the National Bank of Kazakhstan announced its decision to increase the based interest rate to 14.0%, which is effective from 26 April 2022. This follows earlier increases in the rate to 10.25% from 25 January 2022 and to 13.50% from 24 February 2022. For tax purposes, the rate is important as it is used in determining late payment interest, which is calculated as 1.25 times t…