TurkmenistanAshgabat Consulting Team (ACT) |
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"No one is perfect,a team can be!" |
|
Chambers Global |
3rd floor, 77 Gorogly Str.
Altyn Asyr Business Center
Ashgabat, 744000
Tel./Fax: + 993 12 92 18 00/01/02/03
| Corporate income taxation | |
|---|---|
| Corporate Tax | 8% |
| Dividends | 15% |
| Participation Exemption | N/A |
| Capital gains | N/A |
| Deduction of Interests | N/A |
| Thin Capitalization Rule | N/A |
Depreciation
|
Linear/Nonlinear max index 2 |
| Transfer Pricing Rules(New rules since 2010) Methods: Comparable Market Prices; Resale Price; Cost plus |
Yes |
Loss carried forward
Loss carried backward |
3 years 10 years N/A |
| Fiscal unity/Tax consolidation | N/A |
| Withholding taxation | |
| Withholding tax | 15% |
| Withholding tax rate for dividends | 15% |
| Rental of sea or air vessels | 6% |
| Double Tax Treaty Network (23 DTTs): reduction /elimination of WTH taxation | |
| Personal Income tax | |
| General flat rate | 10% |
| Dividends |
10% |
| For the individual entrepreneurs | 2% |
| Inheritance tax | N/A |
| Real Estate Transfer Taxes / Duty | 10% |
| Value Added Tax | |
| Standard / reduced rate |
15% / 0 % |
| Property taxation | |
| From the tax basis of the tax period Small and medium legal entities, without participation of the foreign capital, and individual entrepreneurs are not subject to property tax |
1 % |
| Severance Tax | |
For the operations with:
|
22% 10% 0 – 50% |
| Excises | |
| Excise duties are imposed on both import and manufacture of a list of goods | |
| Social Security Contributions | |
| Standart rate | 20% |
| Special charge for cities, settlements and rural communities development | |
| Depending on the status of the subject | 0, 3% - 1% |
| Incentives for Investors | |
| Cluster principle (mostly): temporary tax reductions/exemptions | |
| Special (simplified) tax regimE | |
| Available for individual entrepreneurs Small and medium legal entities, without participation of the foreign capital |
2% |
| Advance (binding) tax rulings | N/A |