Letter of the Main State Tax Service of Turkmenistan

Ref.№ 229/1
31.01.2002

To: Ashgabat and welayat
State tax services

About the modification in the letter of the Main State Tax Service of Turkmenistan dated December 7, 2001 under the №2560.1 “About the order of the financial sanctions calculation for understating (concealment) of the sums of estimated taxes and other obligatory payments into the budget”

The Main State Tax Service of Turkmenistan in connection with different interpretations and with the purposes of uniform application maintenance of letter under the №2560.1 informs, that the paragraph 5 of the above-mentioned letter is stated in the following edition:
“For definition of the sum of the unduly brought sums of such or other tax (other obligatory payments into the budget) for the periods, having place since the date, established for payment of the tax (obligatory payment into the budget), before the day of such infringement revealing the following formula is applied:
ИС=(SП х КД1)/КД2
Where ИС – is unduly brought sum of such or other tax (other obligatory payments into the budget), accepted for calculation of understated tax sum.
П – overpayment sum. For each calendar date this sum is accepted not higher than the sum before the charging tax;
КД1 – the quantity of days during which were made the overpayment;
КД2 – the quantity of days since the date of the tax obligation occurrence, on which the charge before the day of such infringement is determined”.
The tax establishments should take the above-mentioned into account and execution on places.