On 10 December 2014, the income and capital tax treaty between Lithuania and Turkmenistan entered into force on 10 December 2015. The treaty, signed 18 June 2013, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Lithuanian profit tax, income tax and immovable property tax. It covers Turkmenistan tax on profits of juridical person, tax on income of individu…