- The head of Kazakhstan’s National Bank, Timur Suleimenov, stated that the adoption of a new Tax Code and the increase of VAT to 16% from January 1, 2026, have already started affecting price growth in Kazakhstan. A full forecast on inflation, GDP growth, and other macroeconomic indicators will be presented on August 29, 2025, which will inform the decision on the base rate. External price pressures have weakened, while internal factors like inflation expectations, active lending, tariff reforms, and anticipated tax policy changes, including the VAT increase, have intensified. Annual inflation in June was 11.8%.
Source: uchet.kz
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