Mining 2024
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, …
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, …
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 …
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
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
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 …
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 …
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 …
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, which is responsible for administering the taxation laws, has also issued Public ...
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'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 ...
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 ...
•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:
Contact Info. Level 8, Ministériu Finansas, Aitarak-laran, Dili, Timor-Leste. E-Service: (+670)74002291, (+670)74002293, E-Request (CERTIDÃO DIVIDAS (CD): (+670 ...
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 …
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 …
The Tax Authority and its team will continue to work hard to improve the customer services to all its clients (taxpayers) to promote the principle of self-compliance within the ambit of self-assessment regime adopted under Timor-Leste's tax administration system, while taking into consideration the ongoing global tax reform. The ultimate goal ...
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 ...
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.
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 ...
The Democratic Republic of Timor-Leste (RDTL) Extractive Industries Transparency Initiative Reconciliation exercise covering the period from 1 January to 31 December …
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 …
Law on the General Tax Regime and Procedures (under the terms in which these laws are applied in Timor-Leste), in UNTAET Regulation No. 2000/18 (and the amendments thereto) and in the Timor Sea Treaty, as the case may be. 2. In case of conflict between the present Law and the Law on Income Tax, the Law on
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 …
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.
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, …
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
Timor-Leste is announcing the recipients of the first mineral exploration tenements for the fledgling nation on Nov. 30, kicking off a new geological province. The Timor-Leste government approved a revised mining code in 2021 after spending years trying to rebuild public infrastructure and diversify from dependence on oil and gas.
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 ...
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.
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