Turkmenistan taxes resident individuals on worldwide income at a flat 10% rate, and resident legal entities at a standard 8% corporate rate (2% for small and medium enterprises), under domestic tax legislation administered by Turkmenistan's tax authorities.
The tax year runs 1 January to 31 December; the individual tax return filing and payment deadline is 15 April following the end of the tax year, confirmed by two independent sources.
8% standard for resident legal entities (2% for small and medium enterprises).
Flat 10%.
15% standard; no VAT registration threshold (unlike neighboring Central Asian states).
An individual is resident if permanently resident in Turkmenistan or physically present for 183 days or more in a calendar year (unless otherwise provided under an applicable tax treaty). Residents are taxed on worldwide income.
A foreign company operating through a permanent establishment in Turkmenistan is subject to the standard 8% corporate rate on the profits attributable to that establishment, consistent with the general residence-based framework described on this page; specific PE threshold details (such as a construction-site day-count) are not confirmed in available primary sources.
Turkmenistan has no CFC rules.
No statutory thin capitalization ratio is identified in reliable sources. One lower-quality directory source claims thin capitalization rules are "not in play," but given that source's demonstrated unreliability on other jurisdictions, this is treated as a genuine gap ("not identified") rather than a confirmed "No" - the claim happens to point the same direction as an absence, but is not relied upon as confirmation given its source quality.
Turkmenistan classifies entities under its own domestic tax legislation rather than offering an elective check-the-box system, and no ATAD2-style anti-hybrid mismatch regime addressing double-deduction or deduction-without-inclusion outcomes has been identified, consistent with Turkmenistan having no CFC rules, confirmed directly by a primary source.
No domestic FBAR-equivalent regime requires Turkmenistan residents to separately disclose foreign financial accounts, and Turkmenistan is not currently a CRS participating jurisdiction, so it does not automatically exchange financial account information with foreign tax authorities under the OECD's Common Reporting Standard. US persons remain independently subject to FinCEN Form 114 (FBAR) and potentially Form 8938 regardless of Turkmenistan's own rules.
A dedicated participation exemption regime for dividends or capital gains from a qualifying subsidiary is not confirmed in available primary sources; confirm current treatment of intercompany dividends and share disposals directly with Turkmenistan's tax administration before relying on this page.
A dedicated general unilateral foreign tax credit mechanism is not confirmed in available primary sources; given Turkmenistan's limited international tax-treaty engagement, relief from double taxation for Turkmenistan residents with foreign-source income should not be assumed available without confirming the specific applicable treaty, if any, directly with Turkmenistan's tax administration.
Turkmenistan has approximately 20 double taxation agreements. Distinctively, Turkmenistan is an assignee of a number of double tax treaties originally entered into by the USSR, alongside treaties separately entered into and ratified by Turkmenistan's own government post-independence. Withholding tax exemptions may be available where the foreign recipient is resident in a treaty-partner country and follows specified administrative procedures. Transfer pricing rules apply to related-party transactions and external trade deals, with tax authorities empowered to adjust calculations where pricing diverges from market value by more than 20% generally (or more than 10% for Petroleum Law contractors specifically).