Turkmenistan vs Angola
Tax Rate Comparison
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๐ฐ Personal Income Tax Calculator
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๐น๐ฒ Turkmenistan โ Velayat & Etrap Administrations
Turkmenistan's 5 velayats (provinces) and Ashgabat city have highly centralized administration under an authoritarian state. Turkmenistan has among the world's largest natural gas reserves, exporting most to China. The economy is heavily state-controlled with limited private sector. Citizens historically received free gas, electricity, water, and subsidized food (subsidies now being reformed). International transparency is very limited, making reliable tax data difficult to obtain from this closed state.
๐ฆ๐ด Angola โ Provincial & Municipal Taxes
Angola's 18 provinces have provincial governments that collect local taxes including property rates, business activity fees, and vehicle taxes. The Agรชncia Geral Tributรกria (AGT) administers all national taxes. Angola is sub-Saharan Africa's second-largest oil producer; petroleum revenues have historically dominated the budget. Significant reform has occurred since 2018 under President Lourenรงo โ VAT was introduced in 2019, replacing the consumption tax, and income tax compliance has improved substantially. Diamond mining is the other major extractive sector.
Turkmenistan vs Angola: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ฆ๐ด Angola has a higher top income tax rate (10% vs 0โ25%). ๐น๐ฒ Turkmenistan is more favourable for high earners.
๐ VAT/Sales Tax: Turkmenistan has a higher consumption tax (15% vs 14%).
๐ข Corporate Tax: ๐น๐ฒ Turkmenistan offers a lower corporate rate (20% vs 25%), which can influence business location decisions.
๐ Capital Gains: ๐น๐ฒ Turkmenistan taxes investment gains at a lower rate (10% vs 15%), benefiting investors.