mining taxation regime in east timor

Doing Business in Timor-Leste: 2013 Country Commercial

Chapter 1: Doing Business In Timor-Leste Market Overview Market Challenges Market Opportunities Market Entry Strategy Market Fact Sheet link Market Overview Return to top Timor-Leste is a small, developing nation that occupies half an island located between Indonesia and Australia.

PETROLEUM TAXATION ACT

The Petroleum Taxation Act sets out a specific taxation regime for petroleum activiti 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 , “Timor-Leste Taxation Law” means the Law on Income Tax, the Law on Value.

Miners owe East Timor millions in unpaid taxes

Potentially billions of dollars of tax is being withheld from the government of East Timor by some of the world's richest oil and gas companies operating in the Timor Sea, Four Corners has revealed.

Chapter 4

Chapter 4 - The Timor Gap (Zone of Co-operation) Treaty Introduction 41 The Timor Gap Treaty is a unique arrangement for enabling petroleum exploration and exploitation in offshore areas, subject to competing claims by two countries, and for the sharing of the benefits between those countri.

Boosting Resilience to Economic Shocks through

This transition from informal artisanal work to formal small-scale mining will guarantee land security for this kind of mining, ensure the establishment of an effective tax regime for the State, and provide technical assistance to miners (including for geological work), as well as better social organization.

Withholding Tax

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.

Withholding Tax

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.

coal and coke productions machine East Timor

report grinding machine east timor iidcindia raw ore crusher east timor grinding mill chinaaragonite crushing plants theihope Mixing Plant For Sale In East Timor Crusher Machine according to reports industrial minerals production and coal tailings dewatering as well as other mining applications in residuals separation thickening Chat Now.

Tiny, Poor and War-Torn: Development Policy Challenges for

Following its decisive vote for independence on 30 August 1999, East Timor will soon become the world's newest country The country has a particularly tragic history: centuries of Portuguese colonialism and neglect, 24 years of troubled occupation by Indonesia, and the horrific violence and massive destruction of infrastructure which occurred in the wake of the 1999 vote for independence.

UNTAET REGULATION NO 2000/12 ON A PROVISIONAL TAX

Understanding dated 10 February 2000 between UNTAET, acting on behalf of East Timor, and the Government of Australia on arrangements relating to the Timor Gap Section 8 Mining sector The tax and customs regime applicable to mineral extraction activities may be the subject of a separate UNTAET Regulation Section 9 Definitions.

LAW No 8/2005 Of 3 August PETROLEUM TAXATION LAW

Of 3 August PETROLEUM TAXATION LAW PREAMBLE , “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 , CHPATER III

The statutory tax regime is applicable to all companies operating in Azerbaijan, except for those, who are involved into oil and gas industry The regime related to Production Sharing Agreements covers the rules for more than twenty existing PSAs Milli Majlis has ratified these PSAs , Royalty (Mining Tax).

Botswana Corporate Tax Rate

The Corporate Tax Rate in Botswana stands at 22 percent Corporate Tax Rate in Botswana averaged 2350 percent from 2003 until 2018, reaching an all time high of 25 percent in 2004 and a record low of 22 percent in 2011 In Botswana, the Corporate Income tax rate is a tax collected from compani Its amount is based on the net income companies obtain while exercising their business activity.

Timor Sea Treaty between the Government of Australia and

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.

Understanding US Tax for Expats Residing in Spain

Jun 05, 2019· Understanding US Tax for Expats Living in Spain June 5, 2019 June 17, 2019 David McKeegan shares Spain is a popular location for US expats, as its nice climate and opportunities are a draw for many foreigners.

Understanding US Tax for Expats Residing in Spain

Jun 05, 2019· Understanding US Tax for Expats Living in Spain June 5, 2019 June 17, 2019 David McKeegan shares Spain is a popular location for US expats, as its nice climate and opportunities are a draw for many foreigners.

Taxation

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 , continue reading ».

DEMOCRATIC REPUBLIC OF TIMOR -LESTE NATIONAL

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 activiti.

Goods and Services Tax (India)

Goods and services are divided into five different tax slabs for collection of tax - 0%, 5%, 12%, 18% and 28% However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax regime.

Natural Resource Taxation in the Asia-Pacific Region

the Middle East (Egypt and Pakistan) and since 2000 on Asia His most recent , Timor Leste She has previously served as Advisor to the President of Timor-Leste on National Security matters, as a consultant in governance areas and was also , VAT law reform and Mining royalty tax.

Timor-Leste

Jul 26, 2019· 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).