Maksat Sahedov

Maksat Sahedov is a private auditor and business consultant in Turkmenistan providing audit and assurance, tax advisory and business compliance services to FLEs that have operations or potential business interests in the developing market of Turkmenistan by acting as their trusted advisor. Maksat Sahedov has more than 15 years of professional experience in auditing, consulting and compliance areas, including 12 years in the leading international audit and consulting firms.

Practice areas include, among others, audit and assurance, taxation and business compliance advisory:

Audit and assurance:

• Audit and audit-related services
• Financial due diligence
• Accounting outsourcing

Taxation:

• Recurring consultancies on taxation matters, including local and cross-border taxation
• Proper interpretation and application of international double taxation treaties
• Support during tax audits, tax litigation and disputes resolution, appeal preparation and defense of clients in the courts
• Tax planning and tax structuring

Business compliance advisory:

• Business set-up compliance advisory (getting to know the Host country)
• Tax registration of PEs and branch offices of FLEs
• Evaluation of the effectiveness of existing compliance policies and procedures,
• Keep track of regulatory developments to ensure immediate reaction
• Payroll & HR consultancies

Maksat Sahedov is unique in servicing operators and subcontractors that operate in Turkmenistan under Production Sharing Agreements. The uniqueness is achieved through deep knowledge and expertise in production sharing agreements, petroleum and tax laws, cost recovery and profit-sharing mechanisms, and their nexus with taxation. These unique masteries assure the ability to puzzle out in various engagements and serve as the foundation for multiple success stories.

Maksat Sahedov’s mission is to be possessive of not only professional technical attributes related to practice areas, but also to be a solid attorney for clients who combines, all in one, the critical characteristics of honesty, ethics and independency. Aiming to always pursue the optimum for his clients, Maksat Sahedov is committed to continuous improvement of his services in order to become the best in the market. He has close access to international network of audit and consulting firms to ensure the latest information and ideas are brought to clients. With an uncompromising integrity and leading professionalism in the market, Maksat Sahedov helps his clients in reaching, and in most cases exceeding, their goals and expectations.

Maksat Sahedov proudly acts as a representative and manager of RSM Qazaqstan LLP engagements in Turkmenistan. RSM Qazaqstan LLP is a member of the leading international audit and consulting network RSM, which is ranked 6th among audit and consulting networks in International Accounting Bulletin World Survey 2022.

Looking to the future, Maksat Sahedov’s vision is to achieve entity-wise expansion in the market while continuing to offer comprehensive services with the best professional and ethical quality standards.