Tm Tax Overview

---
name: tm-tax-overview
description: "Source-cited draft: tax overview for Turkmenistan (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/tm-tax-overview"
  jurisdiction: "TM"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Turkmenistan Tax Overview

## Turkmenistan tax system at a glance

Turkmenistan operates a low-rate, source-and-residence based tax system administered under the Tax Code of Turkmenistan. The framework is competitive by regional standards: a flat 10% personal income tax, an 8% corporate profits tax for ordinary Turkmen entities, and a 15% VAT.

- **Tax (fiscal) year** — Calendar year, 1 January to 31 December  _(Tax Code of Turkmenistan)_
- **Currency** — Turkmen manat (TMT)  _(Central Bank of Turkmenistan)_
- **Tax authority** — Main State Tax Service of Turkmenistan (State Tax Service)  _(Tax Code of Turkmenistan)_
- **Basis of taxation** — Residents are taxed on worldwide income; non-residents are taxed on Turkmenistan-source income only  _(Tax Code of Turkmenistan)_
- **Headline personal income tax rate** — 10% percent (flat)  _([Tax Code of Turkmenistan](https://gsl.org/en/taxes/turkmenistan/))_
- **Headline corporate profits tax rate (ordinary Turkmen entities)** — 8% percent  _([Tax Code of Turkmenistan](https://gsl.org/en/taxes/turkmenistan/))_
- **Corporate profits tax rate (state-owned >50% and foreign legal entities/branches)** — 20% percent  _(Tax Code of Turkmenistan)_
- **Value-added tax** — Yes — VAT applies at a standard rate of 15% percent  _(Tax Code of Turkmenistan)_
- **Annual tax declaration deadline (individuals and entities)** — On or about 31 March following the end of the tax year ((approx — confirm))  _([Tax Code of Turkmenistan](https://rivermate.com/guides/turkmenistan/taxes))_
- **Double tax treaty network** — Approximately 30 double taxation treaties in force ((approx — confirm))  _([Tax Code of Turkmenistan](https://gsl.org/en/taxes/turkmenistan/))_
- **Exchange controls** — Yes — currency exchange controls apply  _(Law of Turkmenistan on Currency Regulation)_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `tm-tax-overview` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/tm-tax-overview. If neither is available, confirm every figure against the official source pages cited above before relying on it.