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Turkmenistan vs Maldives
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan
vs
๐Ÿ‡ฒ๐Ÿ‡ป Maldives
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
10%
10% flat; gas revenues fund state expenditure
No change
0โ€“15%
15% top; tourism revenue recovery
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
15%
15% maintained
No change
8โ€“16%
T-GST 16% maintained; key revenue source
No change
Corporate Tax Rate
Corporate Tax Rate
8โ€“20%
8%/20%; China gas pipeline dominant
No change
15%
BPT 15% maintained
No change
Capital Gains Tax
Capital Gains Tax
10%
10% nominal
No change
15%
15% via BPT
No change
Social Security & Payroll
Social Security / Payroll
~35%
State-funded social system; gas wealth subsidizes pensions
No change
~14%
Pension reform; sustainability challenge
No change
State, Regional & Local Taxes

๐Ÿ‡น๐Ÿ‡ฒ 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.

๐Ÿ‡ฒ๐Ÿ‡ป Maldives โ€” Island Council Taxes

The Maldives has 188 inhabited islands across 26 atolls administered by island and atoll councils. Councils have limited taxing powers โ€” primarily fees for services. The Maldives Inland Revenue Authority (MIRA) administers all national taxes. Tourism dominates the economy (>60% of GDP via resort islands). The Business Profit Tax (BPT) at 15% and the Tourism Goods and Services Tax (T-GST at 16%) are major revenue sources. No personal income tax exists for residents earning under certain thresholds.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Turkmenistan vs Maldives: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฒ๐Ÿ‡ป Maldives has a higher top income tax rate (10% vs 0โ€“15%). ๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Maldives has a higher consumption tax (15% vs 8โ€“16%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฒ๐Ÿ‡ป Maldives offers a lower corporate rate (15% vs 20%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan taxes investment gains at a lower rate (10% vs 15%), benefiting investors.

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