mining taxation regime in timor leste in 2013

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 ...

TimorLeste PwC. Since our 2009 TimorLeste Tax and Investment Guide, TimorLeste has continued down a path of cautious political, social and economic development Nevertheless, to understand The Mining Code sets out a special tax regime for holders of mineral rights (without prejudice to the general tax regime that applies to any entity in …

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.

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 …

Macao News - February 24, 2023. The government of Timor-Leste has approved the demarcation of 7 mining zones, comprising 49 concession areas, and is drawing up conditions for tenders, the Portuguese news agency Lusa reports. The National Authority for Petroleum and Minerals (ANPM) will be inviting bids for mining rights in metallic ores, …

•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:

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.

1. Should Timor-Leste and Indonesia agree an endpoint to their continental shelf boundary west of point A17 or east of point A16 on the 1972 Seabed Treaty Boundary, the continental shelf boundary between Australia and Timor- Leste shall be adjusted in accordance with paragraphs 2, 3 and 4 of this Article. 2. On the later of:

The Mining Code sets out a special tax regime for holders of mineral rights (without prejudice to the general tax regime that applies to any entity in Timor-Leste, namely, …

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

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 …

LEI N.º 12 /2021. de 30 de Junho. CÓDIGO MINEIRO. Atendendo ao disposto no artigo 139.º da Constituição da República Democrática de Timor-Leste, os recursos naturais devem ter uma lei própria que estabeleça as regras nesta matéria, revestindo-se a regulamentação das atividades pessoas singulares e coletivas interessadas em levar a …

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 ...

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 …

Nov 2021 - Aug 2022 10 months. Dili, Timor-Leste. As the Head of Democratic Governance Unit (with just over 80 staff, both nationals and internationals) at UNDP Timor-Leste CO, I directed, managed ...

The Democratic Republic of Timor-Leste (RDTL) Extractive Industries Transparency Initiative Reconciliation exercise covering the period from 1 January to 31 December …

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 …

The present Law establishes the tax regime for the development of the Bayu-Undan field. The objective of this act is to encourage the Bayu-Undan Contractors to carry on the gas phase of the project, in addition to its liquid phase. The development of the project in its gas phase shall enable Timor-Leste to increase its overall revenues deriving ...

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.

Dublin, Feb. 07, 2020 (GLOBE NEWSWIRE) -- The . Timor-Leste Upstream Fiscal and Regulatory Guide, 2020: Regime Overview, State Take Assessment, Key Fiscal Terms, Regulation & Licensing

The Government of Timor-Leste owns 20.6 percent of Timor Telecom -a telecommunications provider- while privately-owned Telecommunicators Públicas de Timor (TPT) owns 54 percent. As of April 2023, the government was in negotiations to buy the TPT shares held by Brazilian telecoms company Oi; the purchase would give the …

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 …

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 ...

JPDA (Legal Heritage) December 5, 2016. Legislation. The Timor Sea Treaty, signed between the Governments of Timor-Leste and Australia in 2002, established the Joint Petroleum Development Area (JPDA) in the Timor Sea. Under this Treaty, Timor-Leste and Australia control, manage and facilitate exploration and exploitation of petroleum …

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 ...

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 ...

8. 9. Government Resolution No.23/2019 of 27th August on the approval of Memorandum of Understanding between the Autoridade Nacional do Petróleo e Minerais of Timor-Leste, the Australian Commonwealth Department of Industry, Innovation and Science, and the Australian National Offshore Petroleum Safety and Environmental Management …

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

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 …

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 …

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 …

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.