Asia-Pacific · Tax guide
Turkmenistan
Turkmenistan taxes local companies' profits at 8% and charges VAT at 15%. Foreign companies and some sectors pay higher rates, and taxes are administered by the Main State Tax Service.
At a glance
- Corporate income tax
- 8%
- VAT
- 15%
- Withholding on payments abroad
- 15%
Local companies
Standard rate
Before treaty relief
Corporate income tax
Local companies pay 8%; foreign companies and their branches pay a higher rate. Oil and gas contractors follow special rules under the Hydrocarbon Resources Law.
VAT
VAT is 15%, with returns filed monthly.
Payments abroad
Payments to non-residents carry 15% withholding unless a treaty lowers it.
Key dates
- MonthlyVAT return
- After the year-endAnnual income tax return
Figures and sources
3 figures- Corporate income tax rate8%Under professional review
- VAT rate15%Under professional review
- Withholding on payments to non-residents15%Under professional review
Indicative only. This assessment is a high-level overview of tax obligations in Turkmenistan based on the information you provided and rules in force for 2026. It is not tax or legal advice. Consult a qualified tax adviser in Turkmenistan (a Turkmen tax adviser) before making compliance decisions.