keep The Double Taxation Relief and International Tax Enforcement (Turkmenistan) Order 2016
The Double Taxation Relief and International Tax Enforcement (Turkmenistan) Order 2016 ratifies a bilateral tax treaty with Turkmenistan providing relief from double taxation on capital gains tax, corporation tax, income tax, and similar taxes, while also facilitating international tax enforcement cooperation.
Double taxation treaties are pro-free trade instruments that remove a significant barrier to international commerce. Without such relief, British businesses and individuals face compounded tax burdens on cross-border income, discouraging trade and investment with Turkmenistan. The international tax enforcement aspect promotes honest compliance and a level playing field. These voluntary bilateral arrangements, negotiated post-Brexit, reflect Britain's sovereignty in conducting its own tax diplomacy rather than EU-derived regulation.