Turkmenistan Tax Rates
Turkmenistan operates a flat 10% personal income tax rate and a 20% corporate tax rate. The country has no VAT, instead relying on natural gas revenues as the primary source of government income. Turkmenistan provides heavily subsidized utilities and fuel to citizens and has a relatively simple tax system reflecting its centralized economic model.
Top Income Tax Rate
10%
Corporate Tax Rate
20%
VAT / Sales Tax
15%
Capital Gains Tax
10%
Detailed Tax Information
Income Tax Brackets
Turkmenistan imposes a flat 10% personal income tax on employment and other personal income. The rate is one of the lowest in Central Asia. Turkmenistan's economy relies heavily on natural gas exports rather than personal income taxation.
| Income Range | Tax Rate |
|---|---|
| T 0+ | 10% |
Corporate Tax
Turkmenistan's corporate income tax rate is 20%. Companies in the hydrocarbon sector are subject to special fiscal terms under production sharing agreements. State-owned enterprises dominate the economy.
Standard Rate
20%
Capital Gains Tax
Capital gains are included in taxable income and subject to the flat 10% personal income tax rate for individuals, or 20% corporate rate for companies.
Rate
10%
VAT / Sales Tax
Turkmenistan levies a VAT at 15% on goods and services. Essential goods and certain services are exempt. The VAT system is relatively basic compared to international standards.
Standard Rate
15%
Cryptocurrency Tax
Turkmenistan has not introduced cryptocurrency regulations or tax rules. Internet access is heavily controlled by the government, limiting cryptocurrency adoption.
Tax Treaties
Turkmenistan has approximately 20 double taxation agreements, primarily with major trading partners and investors in the energy sector.
Treaty Network
20
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Turkmenistan
See how much you could save by moving here from your current country.
+$14K
Tax in United States
$24K
24.4% effective
Tax in Turkmenistan
$10K
10% effective
You Save
59%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
