The income and capital tax treaty between Turkmenistan and the UK was signed on 10 June 2016. The treaty is the first of its kind directly between the two countries, and will replace the 1985 tax treaty between the UK and the former Soviet Union. The 1985 treaty is still generally applied by Turkmenistan, but not by the UK. Taxes Covered The treaty covers Turkmen profits tax and individual income tax, and covers UK income tax, corporation tax and capital gains tax. Residence If a company is considered resident in both Contracting States, the competent authorities will determine the company's...