Criminality in Timor-Leste
The government of Timor-Leste has implemented initiatives to increase transparency and accountability in the public sector, but its effectiveness is still limited. Corruption in Timor-Leste is considered 'alarming' and is seen as the country's third …
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República Democrática de Timor-Leste
4 Law on General Tax Provisions and Procedures (as these laws apply in Timor-Leste), UNTAET Regulation No. 2000/18 (as amended), and the Timor Sea Treaty, as the case may be. 3. In the event of a conflict between this Act and the Law on Income Tax, Law on Value Added Tax on Goods and Services and Sales Tax on Luxury Goods, Law
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TIMOR-LESTE EXTRACTIVE INDUSTRIES TRANSPARENCY …
Timor-Leste 2013 EITI Report is the country's second report after the issuance of 2013 new EITI Standards. The 2013 EITI Report was prepared with its best endeavour to comply with the …
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Mining: Timor-Leste 2024 | Chambers and Partners
João Afonso Fialho, Tomás Cabral Anunciação and Teófilo de Jesus sign the chapter on Timor-Leste in the guide Mining 2024, published by Chambers and Partners, in the Chambers Global Practice Guides segment.. In this publication, the VdA lawyers analyse the legislation, regulation, environmental impacts, community relations, taxation, financing and …
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Exploring Timor-Leste:
Government policy on the natural and mineral resources is clear; that is: to explore and develop with sound mining practice for the benefit of people of Timor-Leste with special attention to the environment protection, and in a sustainable manner. In line with this spirit, the draft mining legislation, which is now
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sbm mining taxation regime in timor leste in 2013.md · …
Open sidebar. changjiangsx; sbm; Repository
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PETROLEUM TAXATION ACT
Section 2.1 have the same meaning as in the Timor-Leste Taxation Law. 2.3 In the event of any inconsistency between this Act and the Timor-Leste Taxation Law, this Act prevails. CHAPTER II – SCOPE OF ACT Article 3 Scope of Act This Act applies to the territory of Timor-Leste, including its territorial sea, and to its
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Timor-Leste
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 government a 61.7 percent ...
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DEMOCRATIC REPUBLIC OF TIMOR LESTE
Timor Leste. Income tax and other taxes in Timor Leste are imposed by the Taxes and Duties Act 2008. The TLRS has also issued a number of public rulings relating to specific topics and an Income Tax Guide providing a detailed outline of the TLRS's interpretation of calculating assessable income, allowable deductions and taxable income. Income tax
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EITI Timor-Leste 2019 Reconciliation Report
5. Tax Regime 5.1 JPDA – Bayu-Undan & Greater Sunrise Fields 5.2 TLEA – Timor-Leste Exclusive Area 6. Overview of Timor-Leste Extractive Industries in 2018 – Mining 6.1 Legal framework 6.2 License process 6.3 Environmental Legislation 6.4 Timor-Leste Mining Activity
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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 offshore and onshore and in the …
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Withholding Tax Traps in Timor-Leste
Subsequently, if the recipient is a legal person, the rental income should be declared in the recipient's annual income tax return and a credit may be claimed for the amount of tax withheld. If the recipient is a natural person, no further tax is payable on income that has been subject to withholding tax in Timor-Leste. Below is an example ...
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Mining in Timor-Leste
13 June 2017 2 •In 2013, MPRM held consultations in Oecussi, Suai and Same on mining •In 2014, MPRM decided that they would not hold a public consultation in Dili •2014-2016 Government continued with closed-door discussions, Council of …
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Mining 2025
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, corporate income tax). …
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Introduction to the Laws of Timor-Leste The Law of …
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 guidance of ... development, extraction, and taxation of petroleum resources in Timor-Leste. To learn about and become familiar with the different sources of law that ...
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LAW 12/2021, of 30 June 2021 MINING CODE
1. This Code establishes the legal regime governing Mining Activities in the Democratic Republic of Timor-Leste. 2. The Regulatory Authority is tasked with the administration of the Mining Activities, pursuant to this Code. 3. Notwithstanding Article 1.2, the administration of Mining Activities relating to
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APSN | Timor-Leste opens up to mining
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, gems, rocks and minerals, radioactive ...
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Understanding Personal Income Tax Regulations in Timor-Leste
The personal income tax structure in Timor-Leste is progressive, meaning that individuals with higher earnings are subject to a higher tax rate, thereby promoting an equitable tax system. The rationale behind this approach is to allow those who have a greater capacity to contribute to support essential public services that benefit the wider ...
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4 December 2023 Estrella Awarded Multiple Highly …
MRT was set up in September 2023 by the Timor-Leste Government as the Timor-Leste National Mining Company to be capable of participating in the mining of mineral resources on behalf of the Republic. ... 2 Characteristics and Origin of Sedimentary-Related Manganese Layers in Timor Island, Indonesia (2013) by Department of Geological Engineering ...
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DEMOCRATIC REPUBLIC OF TIMOR-LESTE TAXES AND …
(a) between two places in Timor-Leste; (b) from a place in Timor-Leste to a place outside Timor-Leste; (c) from a place outside Timor-Leste to a place in Timor-Leste; "amount" includes any amount in kind; "approved pension fund' means a pension …
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LAW 12/2021, of 30 June 2021 MINING CODE
1. This Code establishes the legal regime governing Mining Activities in the Democratic Republic of Timor-Leste. 2. The Regulatory Authority is tasked with the administration of the Mining …
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Mining Projects in Timor-Leste
Mining Projects in Timor-Leste Projetu Mineiru iha Timor-Leste. 2 July 2024. Updated 29 October 2024. Contents. ... Timor-Leste began consulting on legislation to regulate mining in 2013. After many delays, Law no 12/2021 of 30 June ... the new IX Constitutional Government enacted six decree-laws for the extractive sector, ...
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REPÚBLICA DEMOCRÁTICA DE TIMOR- Guide LESTE …
The Government of the Democratic Republic of Timor Leste has recently introduced Tax Policy Reform. The first phase of this reform was finalised in June 2008 when the Taxes and Duties Act 2008 was promulgated and became effective from 1 July 2008 for monthly taxes and 1 January 2008 for income tax. The Timor Leste Domestic tax laws are contained in
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sbm/sbm mining taxation regime in timor leste in.md at …
You can not select more than 25 topics Topics must start with a letter or number, can include dashes ('-') and can be up to 35 characters long.
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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 ...
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Withholding Tax – Autoridade Tributária Timor-Leste
Income from mining and mining support services: 4.5%: A permanent establishment means a fixed place of business through which the business is wholly or partly carried on, like an office, factory, or workshop. ... factory, or workshop. Non-residents Without a Permanent Establishment in Timor-Leste. The withholding tax rate for income paid to non ...
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Timor-Leste
The Timor Leste Petroleum Fund was established in 2005. The fund publishes quarterly reports that are audited and reviewed by the parliament. Withdrawals, deposits and investments are rules based, but the Estimated Sustainable Income (ESI) guideline for Petroleum Fund withdrawals has been violated in every year but one since 2009.
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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 ...
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República Democrática de Timor-Leste
Under the Treaty, Timor-Leste may apply its tax regime to 90 percent of the petroleum activities; Australia may apply its tax regime to 10 percent. The Bayu-Undan field is the largest discovery …
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Delivery Prosperity to the Timor – Leste
Autoridade Nacional do Petróleo e Minerais (ANPM) is Timor-Leste public institution, created under Decree Law No. 1/2016 of 9 February, 1st amendment of Decree-Law No.20/2008 of 19th June on the Autoridade Nacional do Petróleo (ANP), responsible managing and regulating petroleum and mining activities for in Timor-Leste area, both offshore and onshore and in the …
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