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mining taxation regime in east timor

East Timor | Geography, History, & Facts | Britannica

Geography. East Timor is bounded by the Timor Sea to the southeast, the Wetar Strait to the north, the Ombai Strait to the northwest, and western Timor (part of the Indonesian province of East Nusa Tenggara) to the southwest.The eastern part …Oil, Gas, and Mining Fiscal Terms | Natural Resource ...2022-2-12 · The fiscal regime for mining or petroleum should be clearly established by laws and regulations that should be readily accessible to the public. Minimizing parties'' discretion to alter fiscal terms in individual contracts facilitates contract enforcement and the application of a coherent sector-wide fiscal strategy, and reduces the risk of ...

Mining in Mali – Goldex Resources Corp.

Since adopting a modern investment regime, in just twenty years of mining development Mali has become Africa''s third largest producer of gold. Gold comprised nearly 70% of Mali''s total exports in 2016. Total local production in …An overview of PNG''s taxation rules | Papua New Guinea ...2  · Papua New Guinea has recorded high levels of economic growth for a number of years, mainly on the back of the PNG liquefied natural gas (LNG) project, which began production in mid-2014. The country''s abundance of natural resources has also seen many of the world''s largest oil and gas and mining companies enter the market. While the economic signs …

An overview of PNG''s taxation rules | Papua New Guinea ...

2  · Papua New Guinea has recorded high levels of economic growth for a number of years, mainly on the back of the PNG liquefied natural gas (LNG) project, which began production in mid-2014. The country''s abundance of natural resources has also seen many of the world''s largest oil and gas and mining companies enter the market. While the economic signs …Timor-Leste | LandLinksUSAID is one of the major donors supporting property rights development in Timor-Leste. Property rights in Timor-Leste remain ill-defined as a result of a combination of conflicting property regimes (as a Portuguese colony and, later, Indonesian occupation), complex customary land tenure systems, the destruction of land records in 1999, limited government capacity, and …

GUIDE TO MINING REGIMES IN AFRICA

2019-12-10 · mining projects suffer extreme risks and difficult decisions and sound mining law is integral for an investment decision. The purpose of the publication is to gain a better understanding of what makes up the various laws in each African jurisdiction. The basic essence of mining law in most African countries isLatest developments | East Timor (Portugal v. Australia ...1991-2-22 · Overview of the case On 22 February 1991, Portugal filed an Application instituting proceedings against Australia concerning "certain activities of Australia with respect to East Timor", in relation to the conclusion, on 11 December 1989, of a treaty between Australia and Indonesia which created a Zone of Co-operation in a maritime area between "the Indonesian …

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 ...Timor-Leste (formerly East Timor) Tax and Investment …2015-6-3 · Revenue System for East Timor". Regulation 2000/18 (as amended by the Revenue System Amendment Act 2002) provided the basis for Timor-Leste''s first comprehensive taxation regime (other than for the area covered by the Timor Sea Treaty-see Part B). Particularly in regard to Income Tax, Regulation

East Timor | Geography, History, & Facts | Britannica

Geography. East Timor is bounded by the Timor Sea to the southeast, the Wetar Strait to the north, the Ombai Strait to the northwest, and western Timor (part of the Indonesian province of East Nusa Tenggara) to the southwest.The eastern part …Structure of the VIII Constitutional ... - timor-leste.gov.tlMinister 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 …

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

2020-2-10 · 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 …Timor-Leste - World Bank2019-10-24 · Timor-Leste Region East Asia & Pacific Income Category Lower middle income Population 1,267,972 City Covered Dili 181 DB RANK DB SCORE 39.4 Rankings on Doing Business topics - Timor-Leste 68 159 126 187 173 157 136 107 190 168 Starting a Business Dealing with Construction Permits Getting Electricity Registering Property Getting Credit ...

Timor-Leste

2022-1-21 · 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.Oil and gas taxation in Timor-Leste - Deloitte2015-9-10 · Different tax regimes apply to the taxation of petroleum operations. The geographic location of the petroleum operations determines which tax regime applies. The principal Timor-Leste taxes and rates applicable to contractors in the petroleum industry are outlined in the table below. Contractors are persons with an interest in a PSC. Tax Timor ...

Mining Law 2022 | Laws and Regulations | Zimbabwe | ICLG

2021-9-13 · Zimbabwe: Mining Laws and Regulations 2022. ICLG - Mining Laws and Regulations - Zimbabwe Chapter covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights.East Timor | Geography, History, & Facts | BritannicaGeography. East Timor is bounded by the Timor Sea to the southeast, the Wetar Strait to the north, the Ombai Strait to the northwest, and western Timor (part of the Indonesian province of East Nusa Tenggara) to the southwest.The eastern part …

GUIDE TO MINING REGIMES IN AFRICA

2019-12-10 · mining projects suffer extreme risks and difficult decisions and sound mining law is integral for an investment decision. The purpose of the publication is to gain a better understanding of what makes up the various laws in each African jurisdiction. The basic essence of mining law in most African countries isMining Law 2022 | Laws and Regulations | Zimbabwe | ICLG2021-9-13 · Zimbabwe: Mining Laws and Regulations 2022. ICLG - Mining Laws and Regulations - Zimbabwe Chapter covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights.

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 ...Timor-Leste - Corporate - Group taxation - PwC2021-8-24 · Timor-Leste Corporate - Group taxation Last reviewed - 24 August 2021. ... Currently, there are no ''thin capitalisation'' or similar rules in Timor-Leste (noting that interest is not deductible, except for financial institutions). Controlled foreign companies (CFCs)

What do next year''s changes to the mining tax regime ...

2021-11-30 · Making Zambia a more attractive destination for investment is the number one shared priority of Zambia''s brightest financial brains. Investment in the country''s mining sector, in particular, has the enormous potential of putting Zambia back on a growth trajectory, with the direct economic benefits from new and expanded mining operations second only to the …Latest developments | East Timor (Portugal v. Australia ...1991-2-22 · Overview of the case On 22 February 1991, Portugal filed an Application instituting proceedings against Australia concerning "certain activities of Australia with respect to East Timor", in relation to the conclusion, on 11 December 1989, of a treaty between Australia and Indonesia which created a Zone of Co-operation in a maritime area between "the Indonesian …

Brazil – Taxation of international executives

2022-2-12 · Generally, it means offshore income and rental income received from other individuals in Brazil. This tax is also calculated based on a progressive tax rates: 0 percent, 7.5 percent, 15 percent, 22.5 percent and 27.5 percent. The tax payment has to be done by the last business day of the following month.Timor-Leste Upstream Fiscal and Regulatory GuideTimor-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.

What do next year''s changes to the mining tax regime ...

2021-11-30 · Making Zambia a more attractive destination for investment is the number one shared priority of Zambia''s brightest financial brains. Investment in the country''s mining sector, in particular, has the enormous potential of putting Zambia back on a growth trajectory, with the direct economic benefits from new and expanded mining operations second only to the …Oil, Gas, and Mining Fiscal Terms | Natural Resource ...2022-2-12 · The fiscal regime for mining or petroleum should be clearly established by laws and regulations that should be readily accessible to the public. Minimizing parties'' discretion to alter fiscal terms in individual contracts facilitates contract enforcement and the application of a coherent sector-wide fiscal strategy, and reduces the risk of ...

Timor Sea Treaty between the Government of Australia …

Australia or East Timor may invoke the dispute resolution mechanism as set out in Annex B to the Treaty (binding international arbitration). 24. Article 7 of the Treaty requires Australia and East Timor to negotiate a Petroleum Mining Code to govern petroleum projects in the JPDA, as well as the export of petroleum from the JPDA apter 4 - The Timor Gap (Zone of Co-operation) Treaty ...East Timor received its first royalty payment from the Timor Gap, worth over US$3 million, on 18 October 2000. The revenue came from oil lifted from the Elang-Kakatua field, the only active oil field in the Timor Sea. The figure represented …

Timor-Leste (TLS) Exports, Imports, and Trade Partners ...

Overview In 2019 Timor-Leste was the number 166 economy in the world in terms of GDP (current US$), the number 189 in total exports, the number 188 in total imports, the number N/A economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).. Exports The top exports of Timor-Leste …(PDF) East Timor - ResearchGatedetention and torture are routine and where basic freedoms of expression, asso-. ciation and assembly are non-existent'' (Human Rights W atch, 1994: …

(PDF) Cultivating Plantations and Subjects in East Timor ...

Cultivating Plantations and Subjects in East Timor: A Genealogy. January 2013. Bijdragen tot de Taal-, Land- en Volkenkunde / Journal of the Humanities and …Settling the maritime boundaries between Timor-Leste and ...2018-9-26 · Timor-Leste for example argues that Point A17 which marks the western edge of the ''gap'' in the 1972 Seabed Treaty should be further east on the basis of a modified equidistance argument. 75 Clearly, neither Portugal as the colonial power, nor Timor-Leste as an independent state, have accepted that a line between the basepoint on the coast ...

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 ).Withholding Tax | Timor-Leste Ministry of FinanceThe 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 ...

Timor-Leste Extractive Industries Transparency Initiative ...

2019-12-12 · entities from mining sector and sub-contractors. ... ETRS East Timor Revenue Services PMC Petroleum Mining Code WIT Wages Income Tax ... The payments and revenues, disclosed in this report, include taxes and non-taxes payments, and other payments envisaged by the legislation of Timor-Leste.Regulation 2000-12 - United Nations2017-8-16 · For the purpose of establishing a provisional tax and customs regime, to be followed by a more comprehensive tax and customs regime, Promulgates the following: Section 1 Scope of the Regulation 1.1 The present Regulation applies to imports into East Timor, exports from East Timor and the domestic production of goods in East Timor.

Petroleum (Timor Gap Zone of Cooperation) Act 1990

2019-10-26 · Taxation Code, so far as those provisions affect Australian tax, have the force of law according to their tenor. (2) When applying subsection (1): (a) during the period of the administration of the United Nations Transitional Administration in East Timor (UNTAET): (i) UNTAET is to be treated as the body politic of theLatest developments | East Timor (Portugal v. Australia ...1991-2-22 · Overview of the case On 22 February 1991, Portugal filed an Application instituting proceedings against Australia concerning "certain activities of Australia with respect to East Timor", in relation to the conclusion, on 11 December 1989, of a treaty between Australia and Indonesia which created a Zone of Co-operation in a maritime area between "the Indonesian …

DEMOCRATIC REPUBLIC OF TIMOR -LESTE NATIONAL …

2013-11-17 · The Timor Sea Treaty authorizes, with certain restrictions, each f the Governments too apply its tax regime to petroleum activities in the Joint Petroleum Development Area. In accordance with the Treaty, Timor-Leste may apply its tax regime to 90% of the petroleum activities; Australia may apply its own tax regime to 10% of those activities.Timor-Leste - Corporate - Group taxation - PwC2021-8-24 · Timor-Leste Corporate - Group taxation Last reviewed - 24 August 2021. ... Currently, there are no ''thin capitalisation'' or similar rules in Timor-Leste (noting that interest is not deductible, except for financial institutions). Controlled foreign companies (CFCs)

UNTAET REGULATION NO. 2000/12 ON A PROVISIONAL …

2019-7-10 · For the purpose of establishing a provisional tax and customs regime, to be followed by a more comprehensive tax and customs regime, Promulgates the following: Section 1 Scope of the Regulation 1.1 The present Regulation applies to imports into East Timor, exports from East Timor and the domestic production of goods in East Timor.Model PSC and Taxation - La''o Hamutuk2016-12-13 · 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-

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 …Mining in Mali – Goldex Resources Corp.Since adopting a modern investment regime, in just twenty years of mining development Mali has become Africa''s third largest producer of gold. Gold comprised nearly 70% of Mali''s total exports in 2016. Total local production in …

Fiscal Regimes, Petroleum Contracts, and Natural Gas

2015-8-20 · Types of Fiscal Regime • Petroleum – Tax & Royalty and PSC systems most common • Mining - Tax & Royalty; PSC uncommon • Mechanics different, but economics can be equivalent • Most countries have an "hybrid" system 2 Licence Contractual Production Sharing Contracts Service Contracts Pure Service Risk Service Tax and RoyaltyCorporate income taxes, mining royalties and other …2015-6-3 · PwC Corporate income taxes, mining royalties and other mining taxes—2012 update 2 During the gathering and preparation of the per country tables, there were a few general trends with respect to taxation of mining operations. Several countries have enacted new tax laws or have tax proposals being considered that may

An overview of PNG''s taxation rules | Papua New Guinea ...

2  · Papua New Guinea has recorded high levels of economic growth for a number of years, mainly on the back of the PNG liquefied natural gas (LNG) project, which began production in mid-2014. The country''s abundance of natural resources has also seen many of the world''s largest oil and gas and mining companies enter the market. While the economic signs …Mining in Mali – Goldex Resources Corp.Since adopting a modern investment regime, in just twenty years of mining development Mali has become Africa''s third largest producer of gold. Gold comprised nearly 70% of Mali''s total exports in 2016. Total local production in …