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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TRANSLATION ONLY – ORIGINAL IN PORTUGUESE …

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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At a glance: mining duties, royalties and taxes in East Timor

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 ...

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Mozambique Regulations of the Taxation Regime of …

December 28, enacting the new Regulations applicable to the Tax Regime of the Mining activities, as approved by Law Nr. 28/2014, of 23 September 2014 ("the new Mining Tax Regime"). This Decree sets forth the applicable rules for the assessment and payment of the taxes foreseen in the Mining Tax Regime, the tax incentives, the

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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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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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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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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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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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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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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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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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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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2018 TREATY BETWEEN AUSTRALIA AND THE …

REPUBLIC OF TIMOR-LESTE ESTABLISHING THEIR MARITIME BOUNDARIES IN THE TIMOR SEA Adopted in New York, United States of America on 6 March 2018 THE GOVERNMENT OF AUSTRALIA (Australia) and THE GOVERNMENT OF THE DEMOCRATIC REPUBLIC OF TIMOR-LESTE (Timor-Leste) (hereinafter referred to as the Parties);

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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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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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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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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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Timor-Leste

Nevertheless, to understand the investment and taxation regimes applicable in Timor-Leste today it is important to understand some of this evolutionary process. 1. Historical.

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EITI Timor-Leste 2021 Reconciliation Report

Message from Timor-Leste Multi Stakeholders Working Group Timor-Leste EITI Multi-Stakeholders Group (MSG) today, 31 March 2024 published its 14th EITI Reconciliation Report which covers information or data from extractive companies operating in Timor-Leste and Timor-Leste government bodies and agencies for Fiscal Year 2021.

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Law No. 12/2021 approving the Mining Code.

This Code, consisting of 161 articles divided into twenty Chapters and three Annexes, establishes the legal regime applicable to Mining Activities in the Democratic Republic of Timor-Leste.

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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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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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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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Miranda & Associados – International Legal Advice – …

Since 2002, when Timor-Leste regained its independence after a long period of military occupation by Indonesia, the country had no legal framework for the licensing of mining activities.

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LAW No. 8/2005 Of 3 August PETROLEUM TAXATION …

The Petroleum Taxation Law 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 ... "Law on Income Tax" means the Law on Income Tax applicable in Timor-Leste

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Article 1Approval of Mining Code

A notice with the main elements of the executed Mining Contracts shall be published in the Official Gazelle and on the official webpage of the Government of the Democratic Republic of Timor …

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EY BrochuraTimorLeste low

Timor-Leste We would like to extend our gratitude to the Government of Timor-Leste, to TradeInvest Timor-Leste and to the private investors who provided testimonials of their experience in the country. The images and maps included in this document were used with permission from TradeInvest Timor-Leste, in representation of the Government

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An Overview of the Tax System in Timor-Leste

Explore the tax system in Timor-Leste, including its evolution since independence, types of taxes, individual and business tax obligations, and the role of the Tax Authority. Understand the challenges and recent reforms aimed at improving tax compliance and revenue generation. This overview provides essential insights for residents and businesses navigating …

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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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(Taxation of Bayu-Undan Contractors) Regulations, 2013

"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 …

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[Scanned from unofficial photocopy by La'o Hamutuk]

Draft Mining Code for Democratic Republic of Timor-Leste August 2013 - 5 - MINING CODE CHAPTER I GENERAL PROVISIONS ARTICLE 1 Purpose and Scope The purpose of this Code is to set out the legal regime governing the activities of Exploration, prospecting, evaluation, …

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sbm mining taxation regime in timor leste in 2013.md · …

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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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Timor-Leste

The Timor-Leste government maintains a Transparency Portal which gives oversight over budget expenditures as well as up-to-date information on the extractive sector including the legal framework, licensing, contracts, production, social expenditures and non-tax revenues.; EITI reporting has been used to disclose the status of the Petroleum Fund and how …

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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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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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