Tajikistan
Overview
Last reviewed - 12 June 2024Tajikistan, the smallest country in Central Asia, is landlocked and mountainous. It is bordered by Afghanistan to the south, Uzbekistan to the west, Kyrgyzstan to the north, and the People's Republic of China to the east.
Tajikistan has been under the rule of various empires throughout its history, the longest period of which was under the Persian Empire. In the 19th century, the Russian Empire began to spread into Central Asia and eventually took control of Tajikistan. Tajikistan became independent in 1991, following the disintegration of the Soviet Union, and experienced a civil war between regional sectors from 1992 through 1997. Emomali Rahmonov came to power in 1992 and continues to rule to this day. In 1994, Tajikistan adopted a new constitution that restored the office of the president, transformed the Soviet-era Supreme Soviet into the Supreme Assembly (Majlisi Oli), recognised civil liberties and property rights, and provided for a judicial system that was not fully independent.
Tajikistan has an approximate population of 10.1 million people as of 2023. The main ethnic group is presented by Tajiks. The official language of Tajikistan is the Tajik language, while Russian is largely spoken for business and government purposes. The Tajik population also consists of an Uzbek minority and a small population of Russians, whose numbers are declining due to migration. Tajikistan has a high rate of literacy, with an estimated 99.88% of the population having the ability to read and write. The English-speaking population is mostly based in Dushanbe, the capital of Tajikistan. Tajikistan's currency is the somoni (TJS).
Tajikistan is a member of the World Trade Organisation (WTO), as well as the North Atlantic Treaty Organisation's (NATO) Partnership for Peace programme.
The gross domestic product (GDP) of Tajikistan reached around 12.1 billion United States dollars (USD) in 2023. The economy of Tajikistan is represented by a large aluminium plant, hydropower facilities, and a few light industry and food processing factories. Consequently, Tajikistan's primary industrial output and export items are aluminium and textiles. Mineral resources include silver, antimony, mercury, lead, zinc, rock salt, gold, molybdenum, tungsten, iron, tin, boron, strontium, fluorspar, precious and semi-precious stones, bituminous coal, anthracite, graphite, mineral wax, and phosphates. The agricultural sector employs most of the population in Tajikistan. Despite its mountainous territory, Tajikistan successfully grows cotton, which comprises about 50% of the total agricultural production.
According to the Statistical Agency under the President of the Republic of Tajikistan, in 2021 export of goods in Tajikistan reached USD 2.1 billion, while import reached USD 4.2 billion. Tajikistan export operations are mainly comprised of cotton, mineral products, base metal, and electricity. The import of goods is represented by crude oil and wheat. The largest trade partners of Tajikistan are China, Russia, Ukraine, and Kazakhstan.
PwC does not have an office in Tajikistan. However, PwC Kazakhstan has a dedicated team responsible for providing consulting services relating to Tajikistan issues.
Quick rates and dates
Corporate income tax (CIT) rates | |
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Headline CIT rate (%) |
18 (13 for entities producing goods and 20 for the activities of financial institutions and mobile companies) |
Corporate income tax (CIT) due dates | |
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CIT return due date |
1 April of the year following the reporting year |
CIT final payment due date |
10 April of year following the reporting year |
CIT estimated payment due dates |
Advance payment is due on the 15th day of the month following the reporting month |
Personal income tax (PIT) rates | |
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Headline PIT rate (%) |
Residents: 12 (employment income); Non-residents: 20 (employment income) |
Personal income tax (PIT) due dates | |
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PIT return due date |
Salary income: 15th day of the month following the reporting month; Other income: 1 April of the year following the reporting year. |
PIT final payment due date |
Salary income: 15th day of the month following the reporting month; Other income: 1 April of the year following the reporting year. |
PIT estimated payment due dates |
NA |
Value-added tax (VAT) rates | |
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Standard VAT rate (%) |
14 |
Withholding tax (WHT) rates | |
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WHT rates (%) (Dividends/Interest/Royalties) |
Resident: 12 / 12 / NA; Non-resident: 12 / 12 / 15 |
Capital gains tax (CGT) rates | |
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Headline corporate capital gains tax rate (%) |
Resident: Capital gains are subject to the normal CIT rate (18% or 13% for entities producing goods or 20% for the activities of financial institutions and mobile companies); Non-resident: Capital gains are treated as other income subject to 15% rate. |
Headline individual capital gains tax rate (%) |
Resident: 15 (exempt for certain property if established requirements are met); Non-resident: 15 |
Net wealth/worth tax rates | |
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Headline net wealth/worth tax rate (%) |
NA |
Inheritance and gift tax rates | |
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Headline inheritance tax rate (%) |
Property inherited from another individual is exempt from taxation. |
Headline gift tax rate (%) |
In general, property received as a gift from another individual is exempt from taxation. Gifts from legal entities are exempt as far as value of such gifts does not exceed certain limit. In case value of gift from legal entity exceeds the limit, the general 15% tax is applied. |