mining taxation regime in timor leste

Withholding Tax | Timor-Leste Ministry of Finance

The withholding tax rate for income paid to non-residents without a permanent establishment in Timor-Leste is 10%. Rent Payments: payer withholds the tax, unless payer of rent is an individual. All rent payments are subject to withholding tax which is required under the law to be withheld and remitted by the payer (Section 55, Taxes and Duties ...

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7 Reasons Why Timor-Leste''s fiscal regime is attractive to ...

2021-5-27 · Since Timor-Leste launched its 2nd Licencing Round, ANPM has been attracting top IOCs from all over the world to its roadshows and data rooms, from the majors, to new and rapidly growing IOCs.One of the biggest conversation topics during these meetings, was the country''s highly competitive and attractive fiscal and tax regime.

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Structure of the VIII Constitutional ...

Minister of Parliamentary Affairs and Social Communication Francisco Martins da Costa Pereira Jerónimo. The Ministry of Parliamentary Affairs and Media is the Government department responsible for the design, implementation, coordination and evaluation of the policy, defined and approved by the Council of Ministers for the area of media and parliamentary affairs, in …

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gold miners in east timor

mining taxation regime in east timor - kovesdikerekparut . ... Minister of State and of the Presidency of the Council of Ministers and. Official Spokesperson for the Government of Timor-Leste Dili, August 15th, 2016 Mining Code approval latest achievement in fulfilling Government Program ... Welcome to buyers from East Timor Mining Tapered ...

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Timor-Leste Upstream Fiscal and Regulatory Guide

Timor-Leste Upstream Fiscal and Regulatory Guide Summary 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 country''s main producing field (gas and condensate), which will be depleted by 2021.

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Timor-Leste | Extractive Industries Transparency Initiative

2021-2-10 · ANPM 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.

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Oil and gas taxation in Timor-Leste

2021-11-21 · Oil and gas taxation in Timor-Leste 2 2.2 Salient features of the tax regime in Timor-Leste''s sovereign territory (excluding the Joint Petroleum Development Area (JPDA)) Taxation of contractors The taxation of petroleum operations in Timor-Leste''s sovereign territory is primarily governed by the general taxation

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Timor-Leste Upstream Fiscal & Regulatory Guide, 2020: It ...

2021-12-18 · DUBLIN--(BUSINESS WIRE)--Feb 10, 2020--The "Timor-Leste Upstream Fiscal and Regulatory Guide" report has been added to ResearchAndMarkets ''s offering.. Summary. 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 …

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Timor-Leste

2021-8-24 · Payments 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 ).

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130 countries and jurisdictions join bold new framework ...

2021-7-1 · 01/07/2021 - 130 countries and jurisdictions have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate. 130 countries and jurisdictions, representing more than 90% of global GDP, joined the Statement establishing a new framework for international tax reform.

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Timor-Leste 2018 EITI Report | Extractive Industries ...

This EITI Report covers Timor-Leste''s extractive sector in 2018. It was published in December 2020. The report can also be found here.

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Fiscal Regimes, Petroleum Contracts, and Natural Gas

2015-8-20 · Types of Fiscal Regime ... • Mining - Tax & Royalty; PSC uncommon • Mechanics different, but economics can be equivalent • Most countries have an "hybrid" system 2 ... Timor-Leste • Consumer contracts – normally 20-30 years with volume and price commitments – this is the most common form of

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The Petroleum Regime for Timor-Leste

2016-12-13 · The Petroleum Regime for Timor-Leste. July 2005. Timor-Leste''s Petroleum regime defines how the government will regulate and tax new petroleum projects within Timor-Leste territory. It does not apply to the Joint Development area, which has its own rules.

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LAW No. 8/2005 Of 3 August PETROLEUM ...

2013-11-17 · The Petroleum Taxation Law sets out a specific taxation regime for petroleum activities. It ... "Code" means the Petroleum Mining Code agreed and adopted by Timor-Leste and Australia under Article 7 of the Timor Sea Treaty, as amended, varied, modified, or ... Subarticle 2.1 have the same meaning as in the Timor-Leste Taxation Law.

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Local taxation, land use regulation, and land use : A ...

2017-3-7 · Working papers from the Economics Department of the OECD that cover the full range of the Department''s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour …

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Tax policy analysis

2012-7-30 · The OECD''s work on tax policy and statistics focuses on providing internationally comparable revenue statistics and offers high-quality economic analysis and tax policy advice.Read more about our work.. With tax playing an important role in the response to the coronavirus (COVID-19) pandemic, the OECD has outlined a range of tax measures …

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Timor-Leste

Article 1. Object. This Law shall establish the general bases of the legal regime governing private investment in Timor-Leste. Article 2. Scope of Application. 1) This Law shall regulate investmnts and re-investments made in Timor-Leste by a national or foreign, resident or non-resident individual or company.

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DEMOCRATIC REPUBLIC OF TIMOR -LESTE NATIONAL …

2019-7-10 · 4. Notwithstanding subsection 3.1, taxpayers are exempt from the taxes of Timor-Leste, including the taxes applicable under the terms of the Law on Income Tax, of the Law on Value Added Tax on Goods and services and Sales Tax on Luxury Goods, and of the Law on the General Tax Regime and Procedures, as modified by UNTAET Regulation No.

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Taxation | Timor-Leste Ministry of Finance

Taxation Documents. Tax Law and Public Rulings Taxes and Duties Act 2008 is the key law specifying Timor-Leste''s taxes and duties, and other aspects of the tax system. There are other laws that impact on taxation. Public Rulings: the Timor-Leste Revenue Service ...

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Ivory Coast (Côte d''Ivoire)

2021-9-25 · Micro-enterprises with turnover of at least XOF 100 million can opt for the simplified real taxation scheme or non-commercial income tax regime. The simplified real taxation scheme (Réel simplifié d''imposition) applies to taxpayers with turnover ranging from XOF 200 million to XOF 500 million. Under the simplified real taxation scheme, annual ...

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Delivering Prosperity to Timor – Leste

2020-1-6 · Autoridade 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 …

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Council of Ministers'' meeting of ...

2016-8-9 · The objective of this legislation is to promote and facilitate the discovery and exploration of mineral resources in Timor-Leste, in accordance with environmentally sustainable standards. It also aims to recognize and promote the economic and social benefits to the country, which may result from the efficient exploration of these resources, and ...

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Fiscal Regimes for Extractive Industries – Design and ...

2015-8-20 · Brunei Timor-Leste Myanmar Malaysia Indonesia Papua New Guinea Vietnam Mongolia. Government Receipts from Natural Resources, averages 2000 -2013 (Selected countries, in percent of total revenue excluding grants) Mining and Petroleum Revenue Mining Revenue Petroleum Revenue Source: Total revenue excluding grants (WEO)

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Model PSC and Taxation

2016-12-13 · 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-

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2017 Reconciliation Report

2020-1-3 · EITI Timor-Leste –2017 Report 4 Index 1. Executive Summary 7 2. Extractive industries transparency initiative in Timor-Leste 2.1 EITI and Timor-Leste 15 16 3. Overview of Timor-Leste extractive industries in 2017 – Oil & Gas 3.1 Overview of Government Revenue

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Timor-Leste Upstream Fiscal and Regulatory Guide, 2020:

2020-2-7 · Timor-Leste Upstream Fiscal and Regulatory Guide, 2020: Regime Overview, State Take Assessment, Key Fiscal Terms, Regulation & Licensing February 07, 2020 05:21 ET | Source: Research and Markets

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Timor Sea hides fight for taxes and royalties

2012-7-5 · The Timor Sea holds a bounty of oil and gas and that''s a blessing and a curse for Timor-Leste. Its generated $10 billion dollars in royalties and taxes, invested in …

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Timor-Leste (formerly East Timor) Tax and Investment …

2015-6-3 · 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 and

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Review of the oil and gas fiscal regime: a call for ...

2014-7-14 · The government has called on stakeholders to submit their thoughts on the future of the UK oil and gas tax regime. The review, which the Chancellor announced at Budget 2014, comes at an important ...

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Angola | Gabon | Mozambique | Sao Tome and Principe ...

Timor-Leste. 1. State Budget for 2017 Social security system contribution rates - Pursuant to the general rules of Social Security System of Timor-Leste created by Law no. 12/2016, of 14 November, the State Budget for 2017 set the contribution rates of 6% and 4%, respectively applicable to employers and employees. 2. 2017 Monthly Tax Forms

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Delivery Prosperity to the Timor – Leste

2017-9-19 · 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 …

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