Tax in Turkmenistan
Last reviewed: · by TaxProsRated editorial
TL;DR
Turkmenistan's Ministry of Finance and Economy administers personal income tax at flat 10 percent on most categories, corporate income tax at 8/20 percent depending on entity type (Turkmen-domestic vs. foreign-participation), and VAT at 15 percent. Turkmenistan operates under closed economic policies with limited international transparency.
Tax authority
Ministry of Finance and Economy administers Turkmenistan's tax system [SC1]. Customs handled by State Customs Service. Substantive law: Tax Code of Turkmenistan (codified, with successive Presidential Decrees and parliamentary Laws).
Filing year and deadlines
Individual tax year is the calendar year. Corporate annual returns due 25 February of the following year. VAT monthly.
Residency
Residents are physically present 183+ days in any 12-month period [SC2]. Worldwide income; non-residents on Turkmen-source.
Personal income tax rates
Flat 10 percent on most categories. Mandatory social insurance contributions apply. Capital gains face 10 percent flat under specific provisions.
Corporate tax
Turkmen-domestic legal entities face 8 percent flat. Entities with foreign participation face 20 percent. Hydrocarbons and oil/gas-services sector under specific Production Sharing Agreement framework with often elevated rates. Withholding on non-resident dividends 15 percent.
Indirect tax
Standard VAT 15 percent under the Tax Code [SC3]. Zero-rated on exports. Registration thresholds under specific provisions.
Cryptoassets
Turkmenistan has not enacted dedicated cryptoasset taxation. Central Bank advisory positions cryptoassets as not legal tender. Crypto-related activity is substantially restricted under the closed-economy framework.
Treaties
Approximately 27 active double tax treaties [SC1]. Turkmenistan has not signed the OECD MLI. Limited engagement with international transparency frameworks; CRS not adopted.
Frequently asked
What is the Turkmenistan personal income tax rate?
Flat 10 percent on most categories. Mandatory social insurance contributions apply. Capital gains 10 percent flat under specific provisions.
What is the Turkmenistan corporate tax rate?
Turkmen-domestic legal entities 8 percent flat. Entities with foreign participation 20 percent. Hydrocarbons under specific PSA framework. Withholding on non-resident dividends 15 percent.
How transparent is Turkmenistan's tax framework?
Limited international transparency. Closed economic policies. CRS not adopted. OECD MLI not signed. Approximately 27 active double tax treaties.
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The figures, dates, and rules on this page are sourced from the documents listed below. Where two sources disagree, both are listed.
- Ministry of Finance and Economy (Turkmenistan) · accessed
- Turkmenistan Official Gazette · accessed
Important disclaimer
Informational only — not tax advice. This page summarises publicly available information about tax in Turkmenistan as of May 2026. Tax laws change, individual circumstances vary, and the application of any rule depends on your specific facts.
TaxProsRated does not provide tax, legal, accounting, or financial advice. Before acting on anything you read here, consult a qualified tax professional licensed in your jurisdiction (in the US: CPA, Enrolled Agent, or attorney; in the UK: CIOT- or ATT-qualified adviser; in Australia: TPB-registered tax agent; elsewhere: a locally-licensed equivalent). TaxProsRated, its operators, and its contributors disclaim all liability for action taken in reliance on this page.