Income tax for young professionals in Turkmenistan reduced by half

Turkmenistan will reduce income tax for young specialists who have just finished their studies. The new version of the Law of Turkmenistan "On State Youth Policy" defines the introduced benefits, the newspaper "Turkmenistan“.

As stated in Article 32 of the Law, the income tax of young professionals will be reduced by 50 percent in the 1st year of employment, and by 25 percent in the 2nd and 3rd years. The order of these payments will be determined in accordance with the tax legislation of Turkmenistan.

The new version of the law "On State Youth Policy" will come into force on September 2.