Oil and gas taxation in Timor-Leste
2.2 Salient features of the tax regime 2 in Timor-Leste's sovereign territory (excluding the JPDA) 2.3 Salient features of the tax regime 3 in JPDA (excluding Bayu-Undan and ... Non-resident companies are subject to income tax at 30% on their Timor-Leste sourced income, less allowable deductions. Timor-Leste does not impose a branch profits ...
Timor-Leste
The Timorese government operates several state-owned enterprises (SOEs) across various sectors, including broadcasting, aviation, oil and gas, pharmaceuticals, and telecommunications. The Government of Timor-Leste owns 20.6 percent of Timor Telecom, a telecommunications provider while Telecomunicações Públicas de Timor …
Timor-Lestè Tax and Investment Guide 2009
taxation reform, four separately distinguishable taxation regimes exists for Timor-Lestè's sovereign territory and areas identified in the Timor Sea Treaty. Please refer to Appendix …
Timor-Leste
Corporate - Taxes on corporate income. Last reviewed - 19 March 2024. Timor-Leste residents are subject to income tax on worldwide taxable income, where taxable income is essentially the difference between gross income and allowable deductions. Non-residents are generally subject to income tax on Timor-Leste-source …
ON THE TAXATION OF BAYU-UNDAN CONTRACTORS
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. The Bayu-Undan field is, to date, the biggest discovery in the Joint Petroleum Development
Mining in Timor-Leste
•Since 2013, Government began discussing mining activities in Timor-Leste ... Timor-Leste Institute of Development Monitoring and Analysis RuaDom Alberto Ricardo, Bebora, Dili, Timor-Leste Tel : +670 332 1040 Email: laohamutuk@gmail. Title: Mining in Timor-Leste Created Date:
Introduction to the Laws of Timor-Leste The Law …
Brian Hoffman, Lexi Shechtel, and Anne Johnson Veldhuis, all Class of 2013, Jessica Fox, Hamida Owusu, and Saunders (all Class of 2014) edited the series under the …
Oil and gas taxation in Timor-Leste
2.2 Salient features of the tax regime 2 in Timor-Leste's sovereign territory (excluding the JPDA) 2.3 Salient features of the tax regime 3 in JPDA (excluding Bayu-Undan and ...
How the tax regime in East Timor helps you to achieve …
The table below shows some key differences in tax rate between Timor-Leste and Australia. Australia. Timor-Leste. Corporate tax rate. 30% or 27.5% for SME. Flat 10%. Goods and services tax. 10%. 2.5% for hotel, restaurant and bar or telecommunication services 0% for other industries.
Mining in Timor-Leste: Economic opportunity or threat …
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 Decree-Law to create national mining company Murak Rai In 2016, Timor-Leste signed an contract with TL Cement to carry out mining …
At a glance: mining duties, royalties and taxes in East Timor
The Mining Code (Law No. 12 /2021 of 30 June) sets out a special tax regime for holders of mineral rights (without prejudice to the general tax regime that applies to any entity in East Timor ...
Wage Income Tax – Autoridade Tributária Timor-Leste
The amount of wage income tax payable for wages of residents of Timor-Leste can be calculated from this table: Monthly taxable wage. Income tax rate. 0 – $500. 0%. More than $500. 10% of the amount over $500. A resident is a person who is. present in Timor-Leste for a period of, or periods amounting in total to, one hundred and eighty-three ...
Delivering Prosperity to Timor – Leste
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 …
A new Mining Code for Timor-Leste
In 2013, Timor-Leste's Ministry of Petroleum and Mineral Resources (MPRM) started talking with people around the country about a proposed law and code to license and regulate mining operations in the country.
TIMOR-LESTE INVESTMENT GUIDE 2023 EDITION
Timor-Leste restored its independence in May 2002 and became the first sovereign nation of the 21st century. Being an island country, Timor-Leste is strategically located in Southeast Asia, 400km north of Australia (Darwin) across the Timor Sea and 1,000km south of Indonesia (Bali). Timor-Leste also shares a land border with Indonesia.
Tax Laws – Autoridade Tributária Timor-Leste
Contact Info. Level 8, Ministériu Finansas, Aitarak-laran, Dili, Timor-Leste. E-Service: (+670)74002291, (+670)74002293, E-Request (CERTIDÃO DIVIDAS (CD): (+670 ...
LAW No. 8/2005 Of 3 August PETROLEUM …
Subarticle 2.1 have the same meaning as in the Timor-Leste Taxation Law. 2.3 In the event of any inconsistency between this Law and the Timor-Leste Taxation Law, this …
Timor-Leste (formerly East Timor) Tax and …
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
East Timor
2024 Data 2025 Forecast 2005-2019 Historical. Tax payments (number) in East Timor was reported at 18 number in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. East Timor - Tax payments - actual values, historical data, forecasts and projections were sourced from the World Bank ...
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. Nearly a year of public consultation on this regime was conducted prior to its enactment, with submissions from La'o Hamutuk and ...
A New Mining Code for Timor Leste
Timor-Leste legislator decided to create a labour regime applicable only to those industries, including mining activities, which will be set forth in a Government Decree …
mining taxation regime in timor leste in
Timor-Leste's New Draft Mining Code- mining taxation regime in timor leste in 2013,29 May 2015, answer this question the Ministry of Petroleum and Mineral Resources ...
Microsoft Word
The annual wage income tax information form is included at page 6 of your income tax form booklet and instructions are at page 7. If you have a shortfall payment to make this is made as a separate payment to your annual income tax payment. The payment is made by completing the Wage Income Tax "Payment Slip" on page 6.
Program of the IX Constitutional Government « Government of Timor-Leste
The 9th Government will work to continue to increase GDP in a sustained manner through public spending on strategic investment. As for the poverty indices in Timor-Leste, there was a significant increase between 2001 and 2007, from 36.3% to 50.4%, respectively.
Personal taxation in in East Timor
Rates – Resident individual taxpayers are subject to wage income tax (WIT) at 10% on earnings in excess of USD 500, the first USD 500 is not taxable. For non-resident individuals, a flat rate of 10% applies on all earnings. The obligation to withhold WIT rests with the employer. An employee in receipt of wages that have been correctly subject ...
Timor-Leste
Total government non-oil revenues2 US$137m (2012) US$148m (2013 budget) Total government oil revenues2 US$3,559m (2012) US$2,726m (2013 budget) Total government expenditure2 US$1,390m (2012) US$1,439m ... Since our 2009 Timor-Leste Tax and Investment Guide, Timor-Leste has continued down a path of cautious political, …
Structure of the IX Constitutional Government « Government of Timor-Leste
The National Laboratory for Infrastructure Quality Assurance. The Vice Minister of Infrastructure and the Secretary of State for Electricity, Water and Sanitation shall assist the Minister of Public Works. e-mail: [email protected]. phone: 7795 31 015.
Timor-Leste Joins the IGF to Support National Mining …
Timor-Leste's mining sector is small, but the country has recently taken steps to support growth in the industry, including conducting the first geophysical surveys in 2018 and enacting a new mining code in 2021 (Law No. 12/2021 of 30th June on the Mining Code). In 2023, Timor-Leste held its first mineral licensing tender, making …
LAW No. 8/2005 Of 3 August PETROLEUM TAXATION …
Subarticle 2.1 have the same meaning as in the Timor-Leste Taxation Law. 2.3 In the event of any inconsistency between this Law and the Timor-Leste Taxation Law, this Law prevails. CHAPTER II – SCOPE OF LAW Article 3 Scope of Law This Law applies to the territory of Timor-Leste, including its territorial sea, and to its
Australia's mining tax regime: is it too tough?
The country's mining tax regime has become a hot topic. Some politicians have proposed raising the tax on miners further, while one major mining company has been caught taking steps to reduce its tax contribution. ... is known as 'transfer pricing' between Rio Tinto's Australian operations and its Singapore office from 2010 to 2013 ...