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LAW OF TURKMENISTAN

of October 23, 2008 No. 216-III

About the Government budget of Turkmenistan for 2009 (in the denominated currency)

Article 1

Approve the Government budget of Turkmenistan for 2009 according to the income and on expenses in the amount 58892, in 2 million manats, including according to the income and on expenses of the budget of the first level in the amount 11503, in 0 million manats.

Article 2

Approve the Centralized budget of Turkmenistan for 2009 according to the income and on expenses in the amount 55330, by 3 million manats, including according to the income and on expenses of the budget of the first level in the amount 7941, 2 million manats.

Article 3

Establish for 2009 standard rates of contributions from nation-wide taxes to city budgets of Ashgabat and welayats in the following sizes:

+-------------------------------------------------------+
¦                  ¦от налога на¦от налога ¦от налога за¦
¦                  ¦добавленную ¦на прибыль¦пользование ¦
¦                  ¦ стоимость  ¦          ¦  недрами   ¦
+------------------+------------+----------+------------¦
¦город Ашхабад     ¦     55%    ¦    55%   ¦     55%    ¦
+------------------+------------+----------+------------¦
¦Ахалский велаят   ¦     25%    ¦    24%   ¦     25%    ¦
+------------------+------------+----------+------------¦
¦Балканский велаят ¦     18%    ¦    20%   ¦     18%    ¦
+------------------+------------+----------+------------¦
¦Дашогузский велаят¦     95%    ¦    95%   ¦      -     ¦
+------------------+------------+----------+------------¦
¦Лебапский велаят  ¦     85%    ¦    84%   ¦     85%    ¦
+------------------+------------+----------+------------¦
¦Марыйский велаят  ¦     24%    ¦    25%   ¦     24%    ¦
+-------------------------------------------------------+
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