Latest Treaty Updates: Turkmenistan

Treaty Update: Finland - Turkmenistan


A DTA between Finland and Turkmenistan entered into force on February 10, 2017.

Treaty Update: United Kingdom - Turkmenistan


The UK on September 14, 2016, published draft legislation to bring the DTA with Turkmenistan into force.

Treaty Update: Luxembourg - Turkmenistan


According to preliminary media reports, Luxembourg and Turkmenistan have agreed to begin DTA negotiations.

Treaty Update: Turkmenistan - Czech Republic


According to preliminary media reports, Turkmenistan has ratified its DTA with the Czech Republic.

Treaty Update: Hungary - Turkmenistan


Hungary and Turkmenistan signed a DTA on June 1.

Treaty Update: Turkmenistan - United Kingdom


Turkmenistan and the UK have signed a DTA, it was announced on June 10, 2016.

Treaty Update: Turkmenistan - Hungary


Turkmenistan confirmed on July 7 that it had signed a DTA with Hungary.

Treaty Update: Turkey - Turkmenistan


Turkey and Turkmenistan concluded a first round of DTA negotiations on January 22, 2016.

Treaty Update: Turkmenistan - Korea, South


According to preliminary reports, Turkmenistan's Parliament has approved legislation to ratify the DTA signed with South Korea.

Treaty Update: Ireland - Turkmenistan


According to a recent update from the Irish revenue authority, Ireland and Turkmenistan will soon sign a DTA after concluding DTA negotiations.

Treaty Update: Turkmenistan - Austria


The Government of Turkmenistan on May 12, 2015, confirmed the recent signature of a DTA with Austria.

Treaty Update: Switzerland - Turkmenistan


The new DTA signed between Switzerland and Turkmenistan entered into force on December 11, 2013, and will become effective in Switzerland from January 1, 2014.

Treaty Update: Turkmenistan - Moldova


Turkmenistan and Moldova signed a DTA on July 24, 2013.

Treaty Update: Turkmenistan - Switzerland


Turkmenistan's parliament on March 2, 2013, approved a law that would ratify the pending DTA with Switzerland.

Treaty Update: Estonia - Turkmenistan


According to preliminary media reports, on February 13, 2013, Estonia ratified the DTA the nation signed with Turkmenistan

Treaty Update: Latvia - Turkmenistan


According to preliminary media reports, the DTA signed between Latvia and Turkmenistan entered into force on December 4, 2012.

Treaty Update: Turkmenistan - Belarus


According to preliminary media reports Turkmenistan and Belarus signed a Protocol to amend their existing 2001 DTA on November 21, 2012.

Treaty Update: Belarus - Turkmenistan


According to preliminary media reports, Belarus's President, Aleksander Lukashenko approved a draft Protocol to amend the nation's DTA with Turkmenistan on October 25, 2012.

Treaty Update: Turkmenistan - Switzerland


Switzerland and Turkmenistan signed a DTA on October 8, 2012.

Treaty Update: Latvia - Turkmenistan


Latvia and Turkmenistan signed a DTA on September 11, 2012.

Treaty Update: Turkmenistan - Estonia


Turkmenistan's President on July 16, 2012, approved the DTA signed between Turkmenistan and Estonia.

Treaty Update: Bahrain - Turkmenistan


Bahrain's King, Hamad bin Isa Al Khalifa on February 6, 2012, approved the DTA signed between Bahrain and Turkmenistan on February 9, 2011, according to the Bahraini state news agency.

Treaty Update: Bahrain - Turkmenistan


According to preliminary media reports, Bahrain's Upper House approved a law on January 2, 2012, that would ratify the pending DTA between Turkmenistan and Bahrain.

Treaty Update: Bahrain - Turkmenistan


Bahrain state media on January 2, 2011, reported that Bahrain's Council has endorsed the DTA signed between Turkmenistan and Bahrain, as part of the country's ratification procedures.

Treaty Update: Estonia - Turkmenistan


The Estonian government on November 27, 2011, confirmed the signing of a DTA between Estonia and Turkmenistan.

Treaty Update: Bahrain - Turkmenistan


In Bahrain the DTA covers income tax payable under Amiri Decree No.22/1979. In Turkmenistan, the DTA covers tax on profits, individual income tax, the tax on property. The treaty contains residency, permanent establishment, immovable property income, business profit, international transport rules, and provides for the elimination of double taxation and for the exchange of information, and has a mutual agreement procedure. Dividend withholding tax is charged at 10%. Interest withholding tax is charged at : 10% in most cases; 0% in the case of the governments or central banks. Royalty withholding tax is charged at 10%.

Treaty Update: Saudi Arabia - Turkmenistan


Saudi Arabia and Turkmenistan have signed a DTA, the Saudi Ministry of Foreign Affairs has confirmed.

Treaty Updates by Territory

Latest News

Swiss Tax Info Exchange With Ireland, Turkmenistan In Force 30/12/2013
It has been announced that the protocol amending the double taxation agreement between Switzerland and Ireland, and the new Swiss agreement with Turkmenistan, have entered into force, and will both apply from January 1, 2014.

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Switzerland Adopts Multiple DTAs 23/11/2012
The Swiss Federal Department of Finance has recently announced that the Federal Council has adopted five more double taxation agreements regarding taxes on income and on capital and submitted them to parliament for approval.

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Switzerland, Turkmenistan Sign DTA 12/10/2012
Switzerland and Turkmenistan have recently held talks in Bern, with the discussions focussing on plans to intensify bilateral economic relations between the two countries, and culminating in the signing of a double taxation agreement.

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NZ Emissions 'Tax' Attacked 15/3/2010
The ACT New Zealand Party, a member of the country’s present coalition government, has continued its opposition to New Zealand’s new carbon emissions trading scheme, calling it a tax that will increase inflation in the economy.

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Hong Kong Property Taxes Reviewed 16/3/2010
Hong Kong’s Financial Secretary, John C Tsang, made the traditional post-budget speech at the Joint Business Community Luncheon on March 12 and, in particular, reviewed the tax measures taken to increase the transaction cost of property speculation so as to reduce the risk of a property bubble being created.

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Malaysia Not Cancelling GST 12/3/2010
After a government meeting, Malaysia’s Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah, has rejected any suggestion that the proposed introduction of a goods and services tax has been cancelled.

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Australia Promised Full Debate On Tax Review 15/3/2010
Following indications that the Australian government was thinking of a delay to the release of the Henry tax review, the Treasurer, Wayne Swan, has now confirmed that it will be issued in good time for a full debate on any proposed tax changes.

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Orascom Loses Algerian Tax Appeal 12/3/2010
Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary, Orascom Telecom Algérie, has received a rejection to its appeal, made in December last year, against the notice for taxes and penalties it had received from the Algerian tax authorities the month previously.

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Switzerland, Slovakia Initial Revised DTA 12/3/2010
It has recently emerged that Switzerland and Slovakia have initialled a revised bilateral double taxation agreement, containing the Organization for Economic Cooperation and Development’s standard on tax information exchange.

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UK Budget To Hit The Rich 12/3/2010
Wealthy individuals may have less than two weeks to put plans in place to reduce the tax impact of the Chancellor’s pre-election Budget, warns PKF Accountants and business advisers.

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IRS Offers Help To Struggling Taxpayers 14/3/2010
The US Internal Revenue Service has announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems.

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Baucus Seeks Trade Preference Reform 15/3/2010
Senate Finance Committee Chairman Max Baucus is leading efforts for reform of US trade preference programs accorded to developing countries.

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OECD Urges Fiscal Policy Shift 12/3/2010
Governments must now gear their economies towards jobs, international competitiveness and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for Growth’ report, analyzing the next step for recovering economies.

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BVI To Review Taxes And Fees 15/3/2010
British Virgin Islands Prime Minister, Ralph O’Neal has said that the territory will run a budget surplus during 2010, although the government still intends to review indirect taxes and fees on financial services.

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Jersey Riding Out Onshore Storm 15/3/2010
Jersey will overcome the evolving challenges being faced by offshore international financial centres, Geoff Cook, Chief Executive of Jersey Finance, told participants at a Breakfast Briefing in London.

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Germany Approves Liechtenstein TIEA 15/3/2010
Germany’s Cabinet has recently approved a bill pertaining to the bilateral tax information exchange agreement with Liechtenstein.

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UAE Completes VAT Study 12/3/2010
Authorities in the United Arab Emirates are inching closer to the introduction of a value-added tax.

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OECD Praises Portugal's Fiscal Plan 11/3/2010
The Organization for Economic Cooperation and Development has welcomed Portugal’s fiscal consolidation plan, emphasizing that it will serve to support growth.

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Tax Relief For California Storm Victims 11/3/2010
The State of California’s Franchise Tax Board on March 9 announced special tax relief for California taxpayers affected by the recent severe winter storms that started in January.

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Bahrain And UK Sign DTA 11/3/2010
The Kingdom of Bahrain’s Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, and UK ambassador, Jamie Bowden, signed a comprehensive double taxation agreement between the two countries in Manama on March 10.

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Australia And Chile Sign DTA 11/3/2010
Australia’s Assistant Treasurer, Nick Sherry, has announced that Australia and Chile have signed a comprehensive bilateral double taxation agreement – the second such agreement between Australia and a South American country.

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Swiss-German Tax Talks Resume 12/3/2010
During a recent visit to Berlin, Switzerland’s State Secretary Michael Ambühl, Head of the State Secretariat for International Financial Matters in the Federal Department of Finance, met with representatives of Germany's Federal Ministry of Finance and Federal Chancellery to exchange ideas on current financial and tax policy issues.

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US Senate Approves Tax Extenders Bill 12/3/2010
US Senate Finance Committee Chairman Max Baucus has applauded the Senate’s passage of legislation to extend tax cuts, unemployment insurance benefits and eligibility for unemployment benefits and health care for unemployed workers through the end of 2010.

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MEPs Push EU Tobin Tax 12/3/2010
In a recently adopted resolution, the European Parliament has emphasized the need to develop plans for a global tax to discourage excessive risk-taking by financial institutions and to ensure that the financial industry pays for damage caused by the financial crisis.

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Belgium's Kilometer Tax Opposed 11/3/2010
The Humanist group cdH of the Walloon parliament in Belgium has rejected the idea of a road tax levied per kilometre travelled, advocating instead the introduction of an inclusive road tax disc, which could then be modified to take certain environmental criteria into account.

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