Wednesday, January 6, 2010

Flat Tax in Turkmenistan

I previously posted that Kyrgyzstan enacted a 10% flat tax that took effect in 2006, followed by a 10% flat tax in Kazakhstan in 2007. To those two "stans" should be added Turkmenistan, which earlier adopted a 10% flat tax for resident individuals that took effect in 2005. The next closest "stan" to a flat tax is Tajikistan, which has two rates of 8% and 13%. Uzbekistan continues to have a much more steeply graduated system of personal tax rates, ranging between 13-30%.

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