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Turkmenistan vs Belize
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan
vs
๐Ÿ‡ง๐Ÿ‡ฟ Belize
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
10%
10% flat; gas revenues fund state expenditure
No change
0โ€“25%
25% top; fiscal diversification from oil
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
15%
15% maintained
No change
12.5%
GST 12.5% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
8โ€“20%
8%/20%; China gas pipeline dominant
No change
1.75โ€“19%
Business tax system; Pillar Two reform discussions
No change
Capital Gains Tax
Capital Gains Tax
10%
10% nominal
No change
0%
No CGT
No change
Social Security & Payroll
Social Security / Payroll
~35%
State-funded social system; gas wealth subsidizes pensions
No change
~8%
SSB reform; social protection expanding
No change
State, Regional & Local Taxes

๐Ÿ‡น๐Ÿ‡ฒ 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.

๐Ÿ‡ง๐Ÿ‡ฟ Belize โ€” Municipal & Town Council Taxes

Belize's 6 districts and municipal/town councils levy property tax, business tax (turnover-based), and trade licences. Belize has a unique business tax system โ€” a turnover-based tax (1.75%โ€“19% of gross revenues by sector) instead of a traditional profit-based corporate income tax. Belize is a former British colony using English common law. It's a tourism-dependent economy with growing offshore financial services and a significant Belizean diaspora. The country has been working to exit grey lists and improve tax transparency.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Turkmenistan vs Belize: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ง๐Ÿ‡ฟ Belize has a higher top income tax rate (10% vs 0โ€“25%). ๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Turkmenistan has a higher consumption tax (15% vs 12.5%).

๐Ÿข Corporate Tax: ๐Ÿ‡ง๐Ÿ‡ฟ Belize offers a lower corporate rate (19% vs 20%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ง๐Ÿ‡ฟ Belize taxes investment gains at a lower rate (0% vs 10%), benefiting investors.

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