Source-cited draft: tax overview for Turkmenistan (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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Tax (fiscal) year
Calendar year, 1 January to 31 DecemberTax Code of Turkmenistan
Currency
Turkmen manat (TMT)Central Bank of Turkmenistan
Tax authority
Main State Tax Service of Turkmenistan (State Tax Service)Tax Code of Turkmenistan
Basis of taxation
Residents are taxed on worldwide income; non-residents are taxed on Turkmenistan-source income onlyTax Code of Turkmenistan
Headline personal income tax rate
10%Tax Code of TurkmenistanView source ↗
Headline corporate profits tax rate (ordinary Turkmen entities)
8%Tax Code of TurkmenistanView source ↗
Corporate profits tax rate (state-owned >50% and foreign legal entities/branches)
20%Tax Code of Turkmenistan
Value-added tax
Yes — VAT applies at a standard rate of 15%Tax Code of Turkmenistan
Annual tax declaration deadline (individuals and entities)
On or about 31 March following the end of the tax yearTax Code of TurkmenistanView source ↗
Double tax treaty network
Approximately 30 double taxation treaties in forceTax Code of TurkmenistanView source ↗
Exchange controls
Yes — currency exchange controls applyLaw of Turkmenistan on Currency Regulation
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
Turkmenistan operates a low-rate, source-and-residence based tax system administered under the Tax Code of Turkmenistan. The framework is competitive by regional standards: a flat 10% personal income tax, an 8% corporate profits tax for ordinary Turkmen entities, and a 15% VAT.
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Other Turkmenistan computations in the OpenAccountants Tax Library.