According to an update from the National Bank of Kazakhstan, the base interest rate was increased from 16.0% to 16.75% with effect from 6 December 2022. This follows earlier increases in the rate from 14.0% to 14.5% on 26 July 2022 and to 16.0% on 27 October 2022.For tax purposes, the rate is important as it is used in determining late payment interest, which is calculated as 1.25 times the ba…