Japan and Turkmenistan exchanged notes to activate their 2024 tax treaty.
Regfollower Desk
Japan and Turkmenistan exchanged diplomatic notes in Ashgabat to bring into force the “Convention between Japan and Turkmenistan for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance,” originally signed on 16 December 2024.
The Convention will enter into force on 27 November 2025. It will apply to taxes based on a taxable year for periods beginning on or after 1 January 2026, and to other taxes levied on or after the same date.
Provisions on the exchange of information and assistance in tax collection will take effect immediately on 27 November 2025, irrespective of the tax period or date of levy.
Earlier, Japan’s upper house of parliament (House of Councilors) approved the new income tax treaty with Turkmenistan on 23 April 2025.