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Turkmenistan vs Montenegro
Tax Rate Comparison

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

🇹🇲 Turkmenistan
vs
🇲🇪 Montenegro
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
9–15%
15% top maintained; EU accession nearing
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
15%
15% maintained
No change
7–21%
21% standard; EU VAT compliance
No change

Corporate Tax Rate

Corporate Tax Rate
8–20%
8%/20%; China gas pipeline dominant
No change
9–15%
9%/15%; Pillar Two for MNCs
No change

Capital Gains Tax

Capital Gains Tax
10%
10% nominal
No change
9–15%
As income
No change

Social Security & Payroll

Social Security / Payroll
~35%
State-funded social system; gas wealth subsidizes pensions
No change
~34.3%
EU social standards harmonization
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.

🇲🇪 Montenegro — Municipal Taxes

Montenegro's 24 municipalities (opštine) levy property tax (0.25%–1% of market value), accommodation tax (turistička taksa), and business activity fees. Podgorica and coastal tourist municipalities (Budva, Kotor, Bar) have higher rates. The Tax Administration of Montenegro administers national taxes. Montenegro uses the euro as official currency without being an EU member. EU accession negotiations are advanced (since 2012). Significant foreign real estate investment from Russia, UK, and Middle East buyers. MFEZ (Montenegro Free Economic Zone) in Bar offers incentives.

⚠️ 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 Montenegro: Key Tax Differences (2026)

💰 Income Tax: 🇲🇪 Montenegro has a higher top income tax rate (10% vs 9–15%). 🇹🇲 Turkmenistan is more favourable for high earners.

🛒 VAT/Sales Tax: Montenegro has a higher consumption tax (15% vs 7–21%).

🏢 Corporate Tax: 🇲🇪 Montenegro 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 15%), benefiting investors.

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