Tax Overview in Turkmenistan

Tax overview for Turkmenistan (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Turkmenistan · tax year 2025 · changed 25 Jun 2026

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Key figures: Turkmenistan, 2025

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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

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Turkmenistan tax system at a glance

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.

Tax (fiscal) year — Calendar year, 1 January to 31 December (Tax 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 only (Tax Code of Turkmenistan)
Headline personal income tax rate — 10% percent (flat) (Tax Code of Turkmenistan)
Headline corporate profits tax rate (ordinary Turkmen entities) — 8% percent (Tax Code of Turkmenistan)
Corporate profits tax rate (state-owned >50% and foreign legal entities/branches) — 20% percent (Tax Code of Turkmenistan)
Value-added tax — Yes — VAT applies at a standard rate of 15% percent (Tax Code of Turkmenistan)
Annual tax declaration deadline (individuals and entities) — On or about 31 March following the end of the tax year ((approx — confirm)) (Tax Code of Turkmenistan)
Double tax treaty network — Approximately 30 double taxation treaties in force ((approx — confirm)) (Tax Code of Turkmenistan)
Exchange controls — Yes — currency exchange controls apply (Law of Turkmenistan on Currency Regulation)

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Turkmenistan tax system at a glance

Tax (fiscal) year — Calendar year, 1 January to 31 December (Tax 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 only (Tax Code of Turkmenistan)

Headline personal income tax rate — 10% percent (flat) (Tax Code of Turkmenistan)

Headline corporate profits tax rate (ordinary Turkmen entities) — 8% percent (Tax Code of Turkmenistan)

Corporate profits tax rate (state-owned >50% and foreign legal entities/branches) — 20% percent (Tax Code of Turkmenistan)

Value-added tax — Yes — VAT applies at a standard rate of 15% percent (Tax Code of Turkmenistan)

Annual tax declaration deadline (individuals and entities) — On or about 31 March following the end of the tax year ((approx — confirm)) (Tax Code of Turkmenistan)

Double tax treaty network — Approximately 30 double taxation treaties in force ((approx — confirm)) (Tax Code of Turkmenistan)

Exchange controls — Yes — currency exchange controls apply (Law of Turkmenistan on Currency Regulation)