mining ta ation regime in timor leste in

Timor-Leste (formerly East Timor) Tax and Investment … - Withholding tax - Petroleum regime - Annex F in Timor Leste

income tax paid to the extent of the Timor-Leste income tax otherwise payable on the income. Participation exemption – No Holding company regime – No Withholding tax: Withholding tax is imposed on the following payments by residents to a resident: ... Type of payment Tax rate (%) Mining and mining support services 4.5ANPM is responsible for managing and regulating petroleum and mining activities in Timor-Leste. This agency was created under Decree Law No. 1/2016 on 9 February 2016. The tax regime applicable to petroleum activities depends on the jurisdiction area, but profit oil, first tranche petroleum, royalties and corporate income tax are the main levies.

Current Tenders | Timor-Leste Ministry of Finance - Withholding Tax Traps in Timor-Leste - Pinnacle ...

Autoridade Nacional do Petróleo e Minerais (ANPM) is Timor-Leste public institution, created under Decree Law No. 1/2016 of 9 February, 1st amendment of Decree-Law No.20/2008 of 19th June on the Autoridade Nacional do Petróleo (ANP), responsible managing and regulating petroleum and mining activities for in Timor-Leste area, both offshore and onshore and in the Joint Petroleum Development ...Mining in Timor-Leste: Economic opportunity or threat to people's lives? Presentation by La'o Hamutuk 13th June2017 •Since 2013, Government began discussing mining activities in Timor-Leste •In 2016, Council of Ministers approved Mining Code •2017 –Parliament continues discussions •Council of Ministers recently approved a

Timor-Leste - Doing Business - Mining | Industries | FTI Consulting

ADB funds 58km of the Baucau – Venilale – Viqueque road corridor in Timor-Leste. The Asian Development Bank and the Government of Timor-Leste participated in a groundbreaking ceremony today in Baucau to officially mark the beginning of construction to upgrade 58 kilometers of the Baucau–Venilale–Viqueque national road corridor.Timor-Leste's Public Works Minister Mr. Salvador …Business and Investment Seminar Timor Leste, December 13th, 2016. Next is the second guest speaker, East Timor's Trade-Invest Executive Director, Mr. Eng. Arcanjo da Silva, M. AgrEc explained about the Investment procedure in Timor Leste. He enthusiastically explained the steps taken by the Government to create an attractive investment ...

A new Mining Code for Timor-Leste - La'o Hamutuk - Mining Law 2022 | Laws and Regulations | Timor-Leste | ICLG

Current taxation regime On 25 June 2008, the Timor-Leste parliament passed the Taxes and Duties Act (Law No.: 8/2008) (the "TDA"). The TDA has effect from 1 January 2008 for annual taxes and from 1 July 2008 for all other taxes. The TDA applies to the territory of Timor-Leste including the JPDA (except for the Bayu-Undan andAutoridade Nacional do Petróleo e Minerais (ANPM) is Timor-Leste public institution, created under Decree Law No. 27201/ 9 of 27 August, 2nd amendment of Decree-Law No.20/2008 of 19th June on the Autoridade Nacional do Petróleo (ANP), responsible for managing and regulating petroleum and mining activities in Timor-Leste area, both offshore and onshore and in the Special Regime for Greater ...

Model PSC and Taxation - La'o Hamutuk - Corporate taxation in in Timor-Leste - TradeInvest Timor …

IMPORTANT NOTE: Unless you are a citizen of Timor-Leste and provide a copy of a Timor-Leste Citizen or Voting Card, you will in most cases not be eligible for the $6,000 exemption on your Income Tax Return. FOREIGN NATIONALS LIVING IN TIMOR-LESTE GENERALLY ARE NOT ELIGIBLE FOR THE $6,000 EXEMPTION. See NDDR for further explanations. Section 6 ...Timor-Leste has had preferential duty free and quota free access to the Australian market. The economy is largely based on offshore oil and gas exploration in the Timor Sea. The Petroleum Fund was established to manage revenue transparency and sustainability. The …

CRA Timor Newsletter - January, February and March 2017 - ADB funds 58km of the Baucau - Venilale - Viqueque road ...

Members of the FTI Consulting mining team within Economic Consulting have significant experience in mining projects all over the world at every stage of project development from exploration to production. The following services are offered: Valuation and the quantification of …The Timor-Leste government and Conoco said they are "pleased to have agreed to a path that respects Timor-Leste's right to tax and the rights of ConocoPhillips as a taxpayer," they said.

Package B TIN Application Form – ENIN Sole-Trader - Timor-Leste | LandLinks

Development Area ("JPDA") between Australia and Timor-Leste. 2.0 Corporate income tax 2.1 In general Australian resident companies are subject to income tax on their worldwide income and gains, although foreign income of Australian residents is generally exempt from Australian tax. Where such foreign income is not exempt, foreign taxPayments of Timor-Leste-source income made by a resident to a non-resident are subject to WHT at 10%. Timor-Leste has entered into a double taxation treaty (DTT) with Portugal (although elements of DTT relief are also embedded in the Timor Sea Treaty [TST], see Taxation of petroleum operations in the Other issues section ).

Delivery Prosperity to the Timor – Leste - PROCESSING INDUSTRY | TradeInvest Timor-Leste

Timor-Leste's high fertility and population growth rates sustain its very youthful age structure – approximately 40% of the population is below the age of 15 and the country's median age is 20. While Timor-Leste's total fertility rate (TFR) – the average number of births per woman – decreased significantly from over 7 in the early ...Fiscal regime Two components: 1. Model Production Sharing Contract (PSC) under the Petroleum Act (Timor- Leste) or Petroleum Mining Code (JPDA) 2. Income tax under the Petroleum Taxation Act • Identical production sharing rules for Timor-

DEMOCRATIC REPUBLIC OF TIMOR -LESTE NATIONAL … - Timor-Leste - Corporate - Withholding taxes

A Timor hotel in the Timor-Leste area is like a piece of history. After independence, the newly established government in Jakarta moved the remaining travelers to a new destination. The resulting compromise was to rename the island "Timor", but retain the name "Dili".DILI, 25 march 2021 (TATOLI)— The President of the Timor-Leste's National Petroleum Authority (ANPM), Florentino Soares Ferreira, said the Timorese State and Australia have concluded a legal framework for the Greater Sunrise (GS) joint oil venture. "We have concluded a several legal framework documents such as the petroleum mining code which is currently in the revision process," …

Travel to Timor-Leste in the Next Decade - timorprojects - Fiscal Regimes, Petroleum Contracts, and Natural Gas

Timor-Leste Doing Business 2020 Timor-Leste Page 1. Economy Profile of Timor-Leste ... products subject to a special tax regime, for example, liquor or tobacco. It is not using heavily polluting production processes.-Does not qualify for investment incentives or any special benefits.Timor-Leste is hosting a licensing round (contract signature planned for January 2021) to attract new exploration investment to counter the decline in production from the Bayu-Undan field, the ...

Timor-Leste to seek ATO co-operation on oil taxes - Business and Investment Tips in Timor Leste - Daniel

the Government of Timor -Leste and the Government of Australia. The terms used in the present Law and not defined in subsection 2.1 shall, unless the context otherwise requires, have the same meaning as in the Law on Income Tax, in the Law on Value Added Tax on Goods and Services and Sales Tax on Luxury Goods, in the Law on the General Tax ...Broadly, the tax regime in the JPDA is the same as that in Timor-Leste's sovereign territory (outlined above) with the key difference being that 90% of the revenue or profit derived from the JPDA is subject to tax in Timor-Leste by virtue of the Timor Sea Treaty ("TST") with Australia.

Timor-Leste Upstream Fiscal and Regulatory Guide, 2020: - Sunrise LNG Chapter 4. In Timor-Leste or For Timor-Leste

Supply of Personal Protective Equipment (PPE) for EDTL E.P. Supply of Light Fuel Oil to Electricidade de Timor-Leste (EDTL) for 3 Years (2021, 2022 and 2023); Lot 1: Supply of Light Fuel Oil to Hera Power Plant (130,817,460.00 liters) and Lot 2: Supply of Light Fuel Oil …Republic of Timor-Leste in the International Bank for Reconstruction and Development. The establishment of the national mining company, called Murak-rai Timor-Leste, SA, proposed by the minister of Petroleum and Mineral Resources was approved. One year ago the Timor Leste Government approved the Decree-Law

mining ta ation regime in timor leste in - search results