The tax rate for youth enterprises in Turkmenistan will be reduced by 50 percent in the first tax year and by 25 percent in the second and third tax years.
Some articles of the Tax Code of Turkmenistan have been amended and supplemented. Amendments and additions to the Tax Code of Turkmenistan were published in June 9 in Neytralnyy Turkmenistan newspaper.
According to the amendments and additions, enterprises with 75 percent of employees under the age of 35 are defined as youth enterprises.
President of Turkmenistan Serdar Berdimuhamedov signed the Law on amendments and additions to the legislation of Turkmenistan on June 3, 2023.
