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Turkmenistan vs Canada
Tax Rate Comparison

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

🇹🇲 Turkmenistan
vs
🇨🇦 Canada
Tax Year:

💰 Personal Income Tax Calculator

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Individual Income Tax (Top Marginal Rate)

Top Income Tax Rate
10%
10% flat; gas revenues fund state expenditure
No change
15–33%
Federal brackets; new govt may revisit top rates
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
15%
15% maintained
No change
5–15%
GST/HST normalized after holiday period
No change

Corporate Tax Rate

Corporate Tax Rate
8–20%
8%/20%; China gas pipeline dominant
No change
15%
15% federal; Global Minimum Tax active
No change

Capital Gains Tax

Capital Gains Tax
10%
10% nominal
No change
~33.3%
2/3 inclusion rate maintained
No change

Social Security & Payroll

Social Security / Payroll
~35%
State-funded social system; gas wealth subsidizes pensions
No change
~12.3%
CPP contribution rates stabilizing
No change
State, Regional & Local Taxes

🇹🇲 TurkmenistanVelayat & 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.

🇨🇦 CanadaProvincial Income & Sales Taxes

Canada's 10 provinces each levy their own income tax (4%–25.75% top). Combined federal+provincial top rates exceed 50% in Quebec, Nova Scotia, and Ontario. Quebec has its own QPP and QST (9.975%). Alberta has no provincial sales tax. HST replaces GST+PST in Atlantic provinces and Ontario. Property taxes are municipal.

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

Turkmenistan vs Canada: Key Tax Differences (2026)

💰 Income Tax: 🇨🇦 Canada has a higher top income tax rate (10% vs 15–33%). 🇹🇲 Turkmenistan is more favourable for high earners.

🛒 VAT/Sales Tax: Both countries have comparable consumption tax rates (15% vs 5–15%).

🏢 Corporate Tax: 🇨🇦 Canada offers a lower corporate rate (15% vs 20%), which can influence business location decisions.

📈 Capital Gains: 🇹🇲 Turkmenistan taxes investment gains at a lower rate (10% vs 33.3%), benefiting investors.

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