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The official Timor-Leste government website. On July 22, 2019, the Ministry of Health celebrated for the third time the National Health Day with the theme "Lori Health ba ema hotu actu moris di'ak ho worthy" (Health for all people for a healthy life with dignity) at the Dili Convention Center.
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 ... continue reading »
Tourism has a considerable potential for Timor Leste's economic development. This sector is still at a very early stage of its development. It is an opportunity sector largely due to the location of Timor-Leste in the Asia Pacific region, and it is a market that is expanding.
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
Doing business Current business situation. In 2015, Timor-Leste was ranked as Australia's 111th largest goods trading partner, with total merchandise trade valued at A$29 million. Australian exports to Timor-Leste were valued at A$27 million with major items including: passenger motor vehicles; aircraft, spacecraft and parts; refined petroleum
Jul 26, 2019· Special tax regime for Production Sharing Contracts (PSCs) within the Boundary Treaty. On 6 March 2018, Timor-Leste and Australia signed the Boundary Treaty (though not yet ratified) effectively replacing the agreements that resulted in the Joint Petroleum Development Area (JPDA).
JPDA 03-12 subjected to the Timor Sea Treaty signed between the Government of Timor-Leste and Australia th May 200220 and the Interim Petroleum Mining Code (IPMC) issued under article 7 of the Timor Sea Treaty. Parties to the contract are the Designated Authority established under the Treaty, party of the first part Production
mining royalty rates in timor leste . The Mining industry in India is a major economic activity which contributes significantly to the economy of India. The GDP contribution of the mining industry varies ... Get Price; Timor Sea Treaty Governo de TimorLeste. TIMOR SEA TREATY THE GOVERNMENT OF EAST TIMOR and ... Mining Code".
1 Submission on Proposed Timor-Leste JPDA Taxation Regime Principal Issues 1. Limitation on Tax Deductions Article 9.2 of the Timor-Leste Petroleum Taxation Act 2004 (the "Act")disallows tax deductions for costs which are "disallowed" as recoverable under the PSC.
taxation reform, four separately distinguishable taxation regimes exists for Timor-Leste's sovereign territory and areas identified in the Timor Sea Treaty. Please refer to Appendix B – "Tax Regime Matrix" for a summary on the application of each regime. From a taxation point of view, 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 Joint Petroleum Development ...
After almost five years in preparation, the Council of Ministers of Timor-Leste approved earlier this month the country's first draft mining code. 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.A mining ...
These are the following: statutory tax regime, tax regime that relates to companies operating under Production Sharing Agreements and tax regime that relates to companies operating under Host Government Agreements. The statutory tax regime is applicable to all companies operating in Azerbaijan, except for those, who are involved into oil and ...
Timor Resources. Timor Resources is an Australian privately owned oil and gas company backed by NEPEAN™, Australia's leading privately owned engineering, mining services and industrial manufacturing organisation.Timor Resources, in joint venture with the Timor Government is the first company in over 40 years to have the rights to develop onshore oil and gas resources within the .
Mining Code approval latest achievement in fulfilling Government . Aug 15, 2016 . Official Spokesperson for the Government of Timor Leste . as manganese, gold, silver and copper, and non metallic mineral such as limestone.
Timor-Leste's Validation commenced on 01 July 2016. On January 11 2017, the EITI Board found that Timor-Leste has made meaningful progress in implementing the 2016 EITI Standard. Validation is the EITI's quality assurance mechanism and measures the progress countries have made in meeting the requirements of the EITI Standard.
Timor-Leste at the rate of 2.5% of the customs value. Excise tax – Applies at varying rates to goods manufactured in Timor-Leste and to imported goods. Taxation of petroleum operations: The tax regime(s) applicable to the taxation of petroleum operations is dependent on the geographic location of the petroleum activities. Salient features of ...
This Guide to Law Online Timor-Leste contains a selection of Timorese legal, juridical, and governmental sources accessible through the Internet. Links provide access to primary documents, legal commentary, and general government information about specific jurisdictions and topics.
• Mining - Tax & Royalty; PSC uncommon • Mechanics different, but economics can be equivalent • Most countries have an "hybrid" system 2 Licence Contractual Production Sharing Contracts Service Contracts Pure Service Risk Service Tax and Royalty Government usually owns minerals in the ground in both types. Each involves sharing of
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 ...
Apr 09, 2017· The private company of Australia's Fuller family has signed a deal to explore for oil and gas onshore Timor-Leste, with the ambitious aim of beginning oil production within four years. Timor ...
Oct 09, 2019· ANPM is responsible for managing and regulating petroleum and mining activities in Timor-Leste. This agency was created under Decree Law No. 1/2016 on 9 February 2016. The tax regime applicable to petroleum activities depends on the jurisdiction area, but profit oil, first tranche petroleum, royalties and corporate income tax are the main levies.
Creating a Mining Code for Timor-Leste Dezenvolve Kódigu Mineiru ba Timor-Leste. 20 April 2017. Updated 6 October 2019. ... Timor-Leste's draft Mining Code was approved by the Council of Ministers on 9 August 2016 and celebrated in a government press release the ... the Government approved a revised version of the Mining Code and Parliament ...
to the Government of the Democratic Republic of Timor-Leste and that each of the actions detailed in your letter will occur expeditiously and will be completed prior to the entry into force of the Treaty. I have the further honour to confirm that your letter together with this reply will constitute an arrangement between Timor-Leste and ...
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