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mining taxation regime in east timor

mining taxation regime in timor leste in 2013

Oil and gas taxation in Australia Deloitte taxation … a supplement to the Deloitte Taxation and ... between Australia and Timor-Leste. 2.0 Corporate income tax ... announced by the government …

Withholding Tax | Timor-Leste Ministry of Finance

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 Act ).

Timor-Leste Investment Guide - EY

Timor-Leste's has a very competitive tax regime, with corporate tax, customs duties and indirect tax rates that are lower than in comparable countries in the

mining taxation regime in east timor - prestigeinterio.in

Australia-East Timor conflict intensifies over Greater ... The Hawke government signed the 1989 Timor Gap Treaty with the Indonesian regime of General Suharto, which gave Australia control over most of the Timor Sea reserves.

East Timor pursues $7b investment in Woodside-run …

East Timor's new government wants to radically reshape an energy syndicate led by Woodside Petroleum that holds the rights to exploiting the undersea gas and oil reserves known as Greater Sunrise.

EAST TIMOR (TIMOR-LESTE - USGS

East Timor [Democratic Republic of Timor-Leste (Timor of the rising sun)] is located on the eastern part of the island of Timor. On On the west is the Indonesian Province of Nusa Tenggara Timur; Australia is situated 500 kilometers south across the Timor Sea.

mining taxation regime in timor leste in 2013

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 of Timor-Leste, through the Institute of Petroleum and, Bearing in mind the above goals and principles, after almost three years of preparation, in Aug.Joint Petroleum ...

Doing business – East Timor – For Australian exporters ...

Valuable information and advice on doing business in East Timor. Find out about business risks, tariffs and regulations, and taxation in East Timor. Find out about business risks, tariffs and regulations, and taxation in East Timor.

mining taxation regime in timor leste in 2013

mining royalty rates in timor leste – Grinding Mill China. mining taxation regime in timor leste in 2013. The Center for Internet and Society at Stanford Law School is a leader in the study of the law and policy around the ...

Timor-Leste Highlights 2013 - Deloitte US

International tax Timor-Leste Highlights 2013 Investment basics: ... mining support services 4.5% · Royalties 10% · Rent 10% · Prizes or winnings 10% A flat withholding tax rate of 10% is applicable to income paid to non-residents without a permanent establishment in Timor-Leste. Dependent on the circumstances, the payer or the recipient may have the responsibility to withhold and remit the ...

Taxation | Timor-Leste Ministry of Finance

The Taxes and Duties Act 2008 outlines the taxes for the country: Income Tax, Services Tax, Petroleum Tax, Import Duty and Sales Tax, and Excise Tax. See how to pay taxes, due dates, forms, and contacts if you have a tax enquiry.

mining taxation regime in timor leste in 2013

East Timor [Democratic Republic of Timor- Leste ( Timor of the rising sun)], the Government to provide a tax holiday to attract mining investors, Indonesia liberalized its trade regime and taken a number of important steps to reduce protectionism In the early 1990s, .

East Timor Mining Industry News Monitoring Service & …

A Shorten Labor government would force Australian mining companies working overseas to disclose the taxes they are paying to foreign governments to extract their minerals. The mandatory reporting regime would apply to large Australian oil, gas and mining …

A Guide for Mining Tax Collectors to Help Make Revenue ...

First-of-its-kind mining tax sourcebook outlines approaches to strengthen administrative capacity of developing countries on mining tax design and revenue collection Produced by the World Bank Group in partnership with the Centre for Exploration Targeting of the University of Western Australia

TIMOR SEA TREATY BETWEEN THE GOVERNMENT OF EAST TIMOR …

timor sea treaty between the government of east timor and the government of australia (dili, 20 may 2002) timor sea treaty the government of australia

East Timor | Encyclopedia.com

The main land area of East Timor lies on the eastern half of Timor, an island roughly the size of the Netherlands (32,000 sq km/12,355 sq mi) that forms an arc between Asia and Australia and is situated within the Nusatengarra Archipelago.

mining taxation regime in east timor - smoothfab.co.za

Petroleum (Timor Sea Treaty) Act 2003. residents of East Timor The new taxation code applies only in relation to the 2003-2004 year of income, and all later years of income, for a person if the person is: (a) an individual; and (b) a resident of East Timor - SECT 20 .

Mining Taxation Regime In East Timor - kasprzyk-art.eu

D.Assist | Deloitte Timor-Leste | Public Sector and Health . Tax. Corporate and international tax . Mining & Metals; Oil, Gas . Francis is the CEO of Deloitte in East Timor as well as being the Regional Managing Partner of .

Oil and gas taxation in Timor-Leste - Deloitte US

Broadly, the tax regime in the JPDA is the same as that in Timor-Leste's sovereign territory (outlined above) with the key difference being that 90% of the revenue or profit derived from the JPDA is subject to tax in Timor-Leste by virtue of

Fiscal Regimes, Petroleum Contracts, and Natural Gas

• Government establishes prices for royalty/taxation purposes: Alberta's "select prices" • Spot markets: currently USA, Canada and UK, and beginning to develop in Europe • Gas price formulae are established in upstream contract: Egypt PSC, Timor-Leste

Global Mining Fiscal Regime 2017 - A Focus on Major …

Global Mining Fiscal Regime 2017 - A Focus on Major Taxes and Royalties in Selected Countries. Summary "Global Mining Fiscal Regime 2017 - A Focus on Major Taxes and Royalties in Selected Countries", GlobalData's latest release, presents the essential information relating to the terms which govern investment in selected countries across the ...

mining taxation regime in east timor - prodore.co.za

Timor-Leste Highlights 2013 - Deloitte US. International tax Timor-Leste Highlights 2013 Investment basics: ... mining support services 4.5% · Royalties 10% · Rent 10% · Prizes or winnings 10% A flat withholding tax rate of 10% is applicable to income paid to non-residents without a permanent establishment in Timor-Leste.

mining taxation regime in east timor

TimorLeste formerly East Timor Tax and . TimorLeste formerly East Timor Tax and Customs' Regime for East Timor" Current taxation regime On 25 June 2008 the TimorLeste parliament passed the

mining taxation regime in timor leste in 2013

mining taxation regime in timor leste in 2013 Withholding Tax | IADE- mining taxation regime in timor leste in 2013,The types of income and rates of tax applicable to residents of Timor-Leste and Timor-Leste permanent establishments of non-residents are shown in this table Type of Income Tax Rate Royalties 10% Rent from land and buildings ...

Miners owe East Timor millions in unpaid taxes - ABC …

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.

DEMOCRATIC REPUBLIC OF TIMOR-LESTE TAXES AND DUTIES …

(c) a government, a political or administrative subdivision of a government in whatever name or form, or public international organisation, or any entity, organisation, association, or business form owned by a government, political

mining taxation regime in east timor - lunarossa …

mining taxation regime in east timor mining taxation regime in east timor. Overview of Cooperation on Capacity Building in… the UN Committee of Experts on ...