Approved as the Deputy chief of the Main state tax authorities of Turkmenistan and the Deputy minister of economy and finance of Turkmenistan on September 29, 2000 No. 29

Regulations on patent procedure and determinations of patent payment

I. General provisions

1. This Provision is developed based on the resolution of the President of Turkmenistan of September 8, 2000 No. 4828 "About measures for enhancement of the taxation system of Turkmenistan", resolutions of the President of Turkmenistan of October 31, 1996 No. 2848 "About simplification of the taxation of entrepreneurs without formation of legal entity" and other regulatory legal acts of Turkmenistan regulating business activity in Turkmenistan.

2. The patent payment is established for the entrepreneurs without formation of legal entity (further - individual entrepreneurs) performing separate types of activity for which receipt of the patent is provided and represents taxation form.

The specified category of entrepreneurs is exempted when implementing activities on which the patent, from the tax discharge on value added and the income tax is taken out.

3. The patent payment is tax on the income which sum is determined:

- in absolute value (the fixed patent payment), and proceeding from the actual comprehensive gross income gained by the individual entrepreneur (additional patent fare) from implementation of business activity.

4. The patent payment is paid by individual entrepreneurs regardless of the available tax benefits or exemption of taxes.

5. The patent payment is paid by individual entrepreneurs in currency of Turkmenistan (manats) through organizations of banks and enlisted in the income of the local budget.

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