ASHGABAT, Turkmenistan, January 9. Turkmenistan
has introduced changes to the procedure for submitting financial
statements by economic entities,
Trend reports via the country’s Ministry of Justice.
Under the revised regulations, economic entities without foreign
investment are required to submit interim financial statements by
the 20th day of the month following the reporting period, while
annual reports must be filed no later than January 25 of the
subsequent year. For companies with foreign investment, interim
reports are due by the 25th day, and annual reports must be
submitted by January 25.
Production associations, unions, joint-stock companies, and
agencies are obligated to file consolidated interim financial
statements by the 30th day, with consolidated annual reports due by
February 1. Both central and local executive authorities are
required to submit consolidated interim financial statements within
40 days of the reporting period’s conclusion, with annual
consolidated reports due by February 1.
These updated rules amend the financial reporting guidelines
that have been in effect in Turkmenistan since 2019, establishing
clearer protocols for the submission of accounting and financial
statements by economic entities.
