According to an update from UK HMRC, the income and capital tax treaty with Turkmenistan entered into force on 19 December 2016. The treaty, signed 10 June 2016, is the first of its kind directly between the two countries. It replaces the 1985 tax treaty between the UK and the former Soviet Union, which had continued to apply in respect of Turkmenistan.

Taxes Covered

The treaty covers Turkme…