Have questions? TRAK sales representatives are available for live chat now WELCOME TO TRAK MACHINERY!

mining taxation regime in east timor

  • Timor Sea Treaty between the Government of Australia and ...

    Australia and East Timor to jointly develop major oil and gas deposits in the Timor Sea. Article 3 of the Treaty defines this area of the seabed between Australia and East Timor, as the Joint Petroleum Development Area (JPDA).

  • 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 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.

  • Chapter 4 - The Timor Gap (Zone of Co-operation) Treaty ...

    A similar projection of East Timor’s maritime claims, if adopted as part of settlement of Timor Gap maritime boundaries, would bring the Laminaria/Corallina fields, which are just outside the current western boundary of the Zone of Co-operation, within the sovereignty of East Timor.

  • Timor Sea Treaty Dili, 20 May 2002(1) - United Nations

    Timor Sea Treaty Dili, 20 May 2002(1) The Government of Australia and the Government of East Timor, Conscious of the importance of promoting East Timor's economic development, Aware of …

  • 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 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 ...

  • Timor-Leste - PwC: Audit and assurance, consulting and tax ...

    the island state of Timor-Leste (known as East Timor until 2002) has been under various forms of foreign influence until its recent transformation to an independent democratic republic commencing in 1999 (see below).

  • Timor Sea Treaty - Between the Government of East timor ...

    TIMOR SEA TREATY THE GOVERNMENT OF EAST TIMOR and THE GOVERNMENT OF AUSTRALIA CONSCIOUS of the importance of promoting East Timor’s economic development; AWARE of the need to maintain security of investment for existing and planned petroleum activities in an area of seabed between East Timor and Australia; RECOGNISING the benefits that will flow to both East Timor and …

  • 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 .

  • 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

  • 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.

  • 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

  • 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.

  • PETROLEUM TAXATION ACT - La'o Hamutuk home page

    The Petroleum Taxation Act sets out a specific taxation regime for petroleum activities. It ... “Code” means the Petroleum Mining Code agreed and adopted by Timor-Leste and Australia under Article 7 of the Timor Sea Treaty, as amended, varied, modified, or replaced from time to time, and regulations made and directions given under it; 2 “Commissioner” means the Commissioner of the ...

  • Timor-Leste (formerly East Timor) Tax and Investment Guide ...

    From a taxation point of view, Timor-Leste fell under the umbrella of Indonesia’s tax regime from 1975. On 27 November 1999, UNTAET issued Regulation 1999/1.

  • 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 ...

  • 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 .

  • 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 ...

  • EAST TIMOR: Election swing against Gusmão government

    East Timor has long suffered from a lack of national development. During more than four centuries of Portuguese colonial rule, East Timor was a remote part of the Portuguese empire which was used as a source of sandalwood, and little else. During the 20th century, the authoritarian government of António Salazar used East Timor as a place of exile for political enemies of the regime.

  • 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.

  • 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

  • East Timor Mining Industry News Monitoring Service & Press ...

    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 …

  • Miners owe East Timor millions in unpaid taxes - ABC News ...

    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.

  • Taxation in India - Wikipedia

    The tax is usually accompanied by a number of service taxes, e.g., water tax, drainage tax, conservancy (sanitation) tax, lighting tax, all using the same tax base. The rate structure is flat on rural (panchayat) properties, but in the urban (municipal) areas it is mildly progressive with about 80% of assessments falling in the first two slabs.

  • 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

  • mining taxation regime in east timor - lunarossa-ristorante.eu

    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 ...

  • 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 ).