Turkmenistan Personal Income Tax

Personal income tax rates and residence

• Personal income tax rate — residents — 10% (flat) percent (Tax Code of Turkmenistan)
• Personal income tax rate — non-residents — 10% on Turkmenistan-source income percent ((approx — confirm)) (Tax Code of Turkmenistan)
• Tax bands — None — Turkmenistan applies a single flat rate, not progressive brackets (Tax Code of Turkmenistan)
• Standard monthly personal deduction — 1,280 TMT per month, deducted before applying the 10% rate TMT ((approx — confirm current amount)) (Tax Code of Turkmenistan)
• Income within scope — Employment income, business and professional income, interest, royalties, real-estate income, and capital gains (Tax Code of Turkmenistan)
• Capital gains (individuals) — Taxed at the ordinary 10% personal income tax rate percent ((approx — confirm)) (Tax Code of Turkmenistan)
• Residence test — An individual is generally treated as resident if present in Turkmenistan for 183 days or more in the tax year ((approx — confirm)) (Tax Code of Turkmenistan)
• Collection on employment income — Employer withholds the 10% PIT at source from salary (PAYE-equivalent) (Tax Code of Turkmenistan)
• Annual individual declaration deadline — Generally by 31 March following the tax year (where a return is required) ((approx — confirm)) (Tax Code of Turkmenistan)
• Monthly withholding remittance — Withheld PIT is typically remitted monthly, by a set date of the month following the payroll period ((approx — confirm exact day)) (Tax Code of Turkmenistan)