Employment Cost Calculator for Turkmenistan
Calculate your complete hiring costs for Turkmenistan employees, including payroll taxes, social security contributions, employee benefits, and management fees. This salary calculator provides accurate employer cost estimates for informed hiring decisions.
Employer Tax Contributions
| Tax Type | Rate | Base |
|---|---|---|
| Pension Insurance Fund | 20% | Local gross payroll |
| Individual Income Tax (withholding) | 10% | Employee's gross salary/taxable income |
| Corporate Profit Tax (Resident non-governmental entities) | 8% | Net profit |
| Value Added Tax (VAT) | 15% | Value of products, works, and services |
Filing & Compliance
- Employers must withhold and remit individual income tax, city maintenance fees, and voluntary pension and medical insurance contributions.
- Monthly reports for payroll, withheld Personal Income Tax, and employer social insurance contributions are generally required by the 20th day of the following month.
- Annual tax declarations summarizing payroll, withholdings, and contributions are typically due by March 31st of the following year.
Income Tax Brackets
| Income Range | Tax Rate |
|---|---|
| All income | 10% |
Employee Contributions
| Deduction Type | Rate | Cap |
|---|---|---|
| Social security (voluntary pension insurance) | Up to 2% | N/A |
Personal Allowances
- Minimum salary deduction (TMT 50 per month per taxpayer and each dependent).
- Voluntary pension fund contributions.
- Medical insurance contributions.
