Turkmenistan

Personal allowances

Personal allowances are generally immaterial in Turkmenistan.

Business deductions

In general, the corporate income tax (CIT) rules apply when determining the deductible expenses for entrepreneurial activities (see Deductions in the Corporate summary).

Apart from expenses incurred in the course of acquiring business and professional income, personal deductions are granted only in respect of income that is taxable at the rate of 10%. The law requires documentary proof of the expenses incurred.