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Turkmenistan Provides 50% Income Tax Reduction for New Graduates — Orbitax Tax News & Alerts

Turkmenistan has reportedly introduced an income tax reduction for young professionals in their first three years of employment after graduation, which was signed into law on 1 September 2022 and entered into force on 2 September 2022. This includes a 50% tax reduction in the first year of employment, which is followed by a 25% reduction in the second and third years of employment.