Approved as the Vice-chairman of the state customs of Turkmenistan, the Deputy minister of economy and finance of Turkmenistan and the Deputy chief of the main State Tax Service of Turkmenistan on April 12, 2001

Regulations on procedure for application of resolutions of the President of Turkmenistan of September 8, 2000 No. 4828 "About measures for enhancement of the taxation system of Turkmenistan" and of April 10, 2001 No. 5207 "About additional benefits on the value added tax" concerning calculation and the tax discharge on value added

This Provision is developed according to resolutions of the President of Turkmenistan of September 8, 2000 No. 4828 "About measures for enhancement of the taxation system of Turkmenistan" and of April 10, 2001 No. 5207 "About additional benefits on the value added tax" regarding questions of calculation and tax discharge on value added on the goods imported on the territory of Turkmenistan, and also on collection of this tax on the foreign legal entities performing performance of works and rendering services in the territory of Turkmenistan, source of payments.

Section I. Calculation and the tax discharge on value added on imported goods

1. General provisions

1.1 The value added tax is paid from the goods imported by legal entities of Turkmenistan, foreign legal entities and their separate divisions (representations and branches) on the territory of Turkmenistan. The tax discharge on value added from the goods imported on the territory of Turkmenistan is made when implementing of customs clearance by them. This provision extends also to the companies which taxation is performed on the simplified system. Subjects of simplified taxation system are determined in article 61 of the Law of Turkmenistan "About the income tax".

1.2 The value added tax on imported goods is levied by customs authorities to or at the time of customs clearance.

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