Doing business in Turkmenistan: a tax primer for foreign investors

Article Abstract:

Foreign companies wishing to open business enterprises in Turkmenistan have to enlist with the State Chief Tax Inspectorate (SCTI) before operations. These foreign firms are subject to a value-added tax of 20% paid either every 10 days, monthly or quarterly depending on the amount. An annual profit tax of 25% is also imposed on foreign investors engaged in any commercial or production activity in the country. However, those that have businesses in the nation's "free economic zones" are excluded from paying profit taxes for the first 3 years of earnings.

Foreign investments, Turkmenistan

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Ministerial resolution on foreign airlines taxation

Article Abstract:

Ministerial Resolution No. 1571 on the taxation of foreign airlines was issued by Saudi Arabia's Acting Minister of Finance and National Economy. The resolution includes the provisions that branches of foreign airlines be subject to a minimum 10% tax for revenues earned in the Kingdom, and that every branch of foreign airlines submit a tax statement on a specified date based on local books maintained in Arabic.

Airlines, Tax policy, Saudi Arabia. Ministry of Finance and National Economy

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