On 12 May 2017, The German Federal Council (upper house of parliament - Bundesrat) approved the pending income and capital tax treaty with Turkmenistan. The treaty, signed 29 August 2016, will replace the 1981 tax treaty between Germany and the former Soviet Union, which generally continues to apply in respect of Germany and Turkmenistan.
Taxes Covered
The treaty covers German income tax, corporation tax, trade tax, and applicable surcharges. It covers Turkmen tax on profits (income) of ju…