Turkmenistan 2026: payroll, tax and company facts
The Turkmenistan record keeps the verified TMT 1,410 wage and employer pension side visible while refusing to infer an ordinary employee deduction rate.
At a glance
| Fact | Published value |
|---|---|
| Reference rate | not published — we could not confirm this at an official source on 2026-09-23 |
| Monthly gross minimum wage | 1410 TMT/month (President of Turkmenistan decree on wage increases; effective 2025-01-01) |
| Monthly net minimum wage | not published — we could not confirm this at an official source on 2026 |
| Income tax | 10 % (Tax Code, article 192(1); effective 2026) |
| Corporate tax | 8 % of taxable profit for qualifying Turkmen resident legal entities (Tax Code, article 172(1); effective 2026) |
| VAT standard rate | 15 % (Tax Code, article 103; effective 2026) |
| Dividend WHT, resident | 15 % (Tax Code, article 172(2); effective 2026) |
| Weekly hours | 40 hours/week maximum (Labour Code, article 59; effective 2026) |
| Overtime | 2 times ordinary pay (Labour Code, article 120; effective 2026) |
| Annual leave | 30 calendar days minimum (Labour Code, article 86(1); effective 2026) |
| Probation | 3 months; 6 months for specified senior roles (Labour Code, article 28(1); effective 2026) |
| Notice | For an individual employer, notice periods are determined by the employment contract; no general rule was located. rule (Labour Code, article 291(2); effective 2026) |
Currency note
Secondary source (BTI 2026, https://bti-project.org/fileadmin/api/content/en/downloads/reports/country_report_2026_TKM.pdf) says the parallel/black-market rate was about 5.5 times the official 3.50 TMT/USD rate during the reporting period; no current primary parallel quote was verified.
Payroll: what the employer and the employee pay
On top of gross pay, an employer in Turkmenistan pays Mandatory pension contribution at 20%. The employee's own deductions are not published, followed by a flat 10% income tax. Every rate, cap and source, plus the arithmetic on a real salary, is on the employer-cost page, where the calculator applies the same rules to any monthly gross you type.
Corporate tax, VAT and dividends
The record publishes 8% corporate tax for qualifying resident legal entities, 15% VAT and 15% dividends, while the VAT threshold and several taxpayer-status details remain unpublished.
Setting up a company
In Turkmenistan, the usual small-company form is the business company; LLC-equivalent used in this fact sheet (Hojalyk jemgyýeti (ХО)); minimum capital is 100 times the statutory basic amount for calculating taxes and fees; registration takes 3 working days. Not confirmed at the registry or in the law, and therefore not published here: state fee, notary required, foreign sole owner. The fees, the registry, the portal and the tax questions a new company meets first are on the company-registration page.
Working time, leave and notice
No employee payroll assumption is inferred from secondary tables; the page keeps the verified 40-hour week, overtime, leave, probation and notice material separate from the unresolved employee deduction question.
What changed in 2026
- No new 2026 wage or tax-rate change was located in the opened primary material.
- The latest located official minimum wage remains TMT 1,410, effective 2025-01-01.
- No announced 2027 minimum-wage or tax-rate change was found in the requested official sources.
Editor's note
The official presidential decree set the TMT 1,410 minimum wage from 1 January 2025, and no later 2026 replacement decree or 2027 wage announcement was found in the requested primary material. The figure is therefore the latest verified baseline, not evidence of a new 2026 increase, and the official exchange-rate context remains separate from any parallel-market question.
Primary sources verify the 20% ordinary employer pension contribution, the 3.5% covered professional-pension addition, 10% personal income tax, the one-basic-amount monthly deduction rule, corporate-tax rates, VAT and dividend figures, labour rules and the 100-basic-amount Hojalyk jemgyýeti capital rule. The current monetary value of the basic amount is not verified.
Secondary tables that show an employee social-security rate of zero are not used to manufacture net pay because the opened primary pension law does not state an ordinary employee rate. Registration fee, timing, portal, notary, foreign-owner and VAT-threshold fields also remain unresolved, so the employer page is deliberately employer-side only.