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Turkmenistan vs Cuba
Tax Rate Comparison

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

🇹🇲 Turkmenistan
vs
🇨🇺 Cuba
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
15–50%
Economic crisis continuing; tax system highly distorted
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
15%
15% maintained
No change
0%
No formal VAT; selective taxes maintained
No change

Corporate Tax Rate

Corporate Tax Rate
8–20%
8%/20%; China gas pipeline dominant
No change
35%
35%; private sector growing despite restrictions
No change

Capital Gains Tax

Capital Gains Tax
10%
10% nominal
No change
35%
35% nominal
No change

Social Security & Payroll

Social Security / Payroll
~35%
State-funded social system; gas wealth subsidizes pensions
No change
~14%
Severe pension system stress; currency instability
No change
State, Regional & Local Taxes

🇹🇲 Turkmenistan — 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.

🇨🇺 Cuba — Provincial & Municipal Taxes

Cuba's 15 provinces and the special municipality of Isla de la Juventud have limited independent taxing powers under the centrally planned socialist system. The ONAT (Oficina Nacional de Administración Tributaria) administers national taxes, while provincial and municipal governments collect local fees for services. Cuba underwent significant economic reform since 2010 — allowing self-employment (cuentapropistas) and private business (MIPYMES from 2021). Currency unification (2021) significantly restructured the fiscal landscape. The US embargo continues to severely distort the economy.

⚠️ 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 Cuba: Key Tax Differences (2026)

💰 Income Tax: 🇨🇺 Cuba has a higher top income tax rate (10% vs 15–50%). 🇹🇲 Turkmenistan is more favourable for high earners.

🛒 VAT/Sales Tax: Turkmenistan has a higher consumption tax (15% vs 0%).

🏢 Corporate Tax: 🇹🇲 Turkmenistan offers a lower corporate rate (20% vs 35%), which can influence business location decisions.

📈 Capital Gains: 🇹🇲 Turkmenistan taxes investment gains at a lower rate (10% vs 35%), benefiting investors.

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