Turkmenistan

Foreign tax relief

Amounts of income tax paid by a resident of Turkmenistan outside of Turkmenistan in accordance with tax laws of that foreign state shall be credited when paying income tax in Turkmenistan. Amounts of such foreign tax to be credited may not exceed an amount of income tax assessed in accordance with the Tax Code of Turkmenistan in respect of the foreign income. In order to claim the credit, the taxpayer shall provide a confirmation of the foreign tax paid issued by the relevant foreign tax or other relevant authority.

Tax treaties