Turkmenistan vs San Marino
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.
๐ธ๐ฒ San Marino โ Municipal Taxes (Castelli)
San Marino's 9 castelli (municipalities) levy local property tax supplements and communal fees. San Marino is an enclave within Italy using the euro but maintaining fiscal sovereignty under a Convention with the EU. The income tax (IRPEF) uses a progressive scale. San Marino aims to be a competitive financial jurisdiction while maintaining EU market access โ with corporate tax notably lower than neighbouring Italy.
Turkmenistan vs San Marino: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ธ๐ฒ San Marino has a higher top income tax rate (10% vs 9โ35%). ๐น๐ฒ Turkmenistan is more favourable for high earners.
๐ VAT/Sales Tax: San Marino has a higher consumption tax (15% vs 17%).
๐ข Corporate Tax: ๐ธ๐ฒ San Marino offers a lower corporate rate (17% vs 20%), which can influence business location decisions.
๐ Capital Gains: ๐น๐ฒ Turkmenistan taxes investment gains at a lower rate (10% vs 17%), benefiting investors.