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International tax solutions in Turkmenistan

Understanding the complexities of international tax is essential for companies operating globally. In Turkmenistan, effectively managing cross-border tax responsibilities demands a thorough comprehension of local laws as well as international tax agreements. Our methodology is crafted to assist businesses in confidently navigating these challenges, ensuring they remain compliant while enhancing their global tax strategies. We emphasize precision and strategic understanding, allowing firms to fulfill their tax responsibilities efficiently while capitalizing on opportunities for tax optimization internationally.

International tax rate

Turkmenistan’s international tax framework includes taxes on income generated by non-residents and foreign organizations. There are withholding taxes ranging from 10% to 15% on dividends, interest, royalties, and fees for technical services. Additionally, non-residents with a permanent establishment are subject to a corporate tax rate of 20%. Tax treaties could provide opportunities for reductions or exemptions.

Our international tax services

We provide a full range of international tax services aimed at helping businesses navigate the complexities of cross-border taxation in Turkmenistan. Our objective is to ensure complete compliance while improving your global tax stance, enabling you to concentrate on growing your international activities. Our offerings consist of:

Cross-border tax compliance

Our services for cross-border tax compliance guarantee that your international tax submissions are both precise and prompt, aligning with the tax regulations of Turkmenistan and other countries. We assist you in navigating the requirements for reporting, documentation, and filing timelines across various jurisdictions. This offering minimizes the risk of penalties and keeps your business consistently compliant with global tax laws.

Transfer pricing advisory

Our expert Transfer Pricing Advisory services are designed to assist your business in creating and documenting pricing strategies for transactions between affiliated entities across various countries. Our team helps develop transfer pricing policies that adhere to Turkmenistan’s regulations and OECD guidelines, thereby reducing the likelihood of disputes and penalties. We also perform benchmarking studies and create transfer pricing documentation to reinforce your pricing strategies, ensuring they meet both local and global standards.

International tax planning

Our international tax planning services aim to create strategies that enhance your global tax situation. We collaborate with you to recognize and leverage tax treaties, credits, deductions, and exemptions that can lessen your total tax liability. Additionally, we offer advice on organizing your international operations to reduce the risks associated with permanent establishments and other international tax issues, ensuring that your global tax strategy supports your overall business goals.

Tax treaty analysis and optimization

We provide expert analysis and optimization services related to tax treaties to enable you to maximize the advantages of Turkmenistan’s double taxation agreements (DTAs). Our team examines the relevant treaties to pinpoint opportunities for minimizing withholding taxes, preventing double taxation, and taking advantage of treaty benefits. This service is especially beneficial for businesses involved in cross-border investments, financing, and supply chain operations.

Foreign tax credit management

Our services for managing foreign tax credits help businesses make the most of these credits to prevent double taxation on income earned internationally. We offer advice on how to claim credits for taxes paid in different regions, ensuring your business fully utilizes these credits while adhering to Turkmenistan’s tax regulations. This approach contributes to lowering your total global tax burden and enhancing your cash flow.

International tax system

Grasping the intricacies of the international tax system in relation to Turkmenistan is crucial for companies conducting cross-border operations. Our knowledge equips you with an in-depth understanding of the regulations surrounding international taxation, along with the effects of global tax reforms like the OECD’s BEPS initiatives. We assist you in managing the obstacles of global tax compliance and offer strategic guidance to improve your international tax efficiency.

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Contact us

For additional information regarding our international tax services or to talk about how we can support your business in navigating cross-border tax issues, please contact us.

Disclaimer

Tax laws and regulations are continually evolving and can differ depending on personal circumstances. The information presented here serves as general guidance and may not represent the latest changes. It is strongly advised to seek the assistance of a qualified tax professional for specific and current advice relevant to your situation.

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