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Turkmenistan vs Paraguay
Tax Rate Comparison

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

🇹🇲 Turkmenistan
vs
🇵🇾 Paraguay
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
8–10%
10% top; competitive positioning
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
15%
15% maintained
No change
10%
10% IVA maintained
No change

Corporate Tax Rate

Corporate Tax Rate
8–20%
8%/20%; China gas pipeline dominant
No change
10%
10%; Pillar Two for large MNCs operating in Paraguay
No change

Capital Gains Tax

Capital Gains Tax
10%
10% nominal
No change
8–10%
8%/10% maintained
No change

Social Security & Payroll

Social Security / Payroll
~35%
State-funded social system; gas wealth subsidizes pensions
No change
~25.5%
IPS reform discussions; adequacy concerns
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.

🇵🇾 Paraguay — Municipal & Departmental Taxes

Paraguay's 17 departments and 254 municipalities levy the Impuesto Inmobiliario (property tax at 1% of assessed value), commercial licence fees (patente comercial), and vehicle registration fees. Asunción has the highest commercial licence fees. The Subsecretaría de Estado de Tributación (SET) administers national taxes. Paraguay has one of Latin America's lowest tax burdens (~12% of GDP) and has used flat low rates to attract foreign residents (MADES visa) and financial activity. No wealth tax exists.

⚠️ 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 Paraguay: Key Tax Differences (2026)

💰 Income Tax: Turkmenistan and Paraguay have similar top income tax rates (10% vs 8–10%).

🛒 VAT/Sales Tax: Turkmenistan has a higher consumption tax (15% vs 10%).

🏢 Corporate Tax: 🇵🇾 Paraguay offers a lower corporate rate (10% vs 20%), which can influence business location decisions.

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