mining ta ation regime in east timor

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Oil and gas taxation in Timor-Leste - Deloitte

2.4 Salient features of the tax regime in Bayu-Undan Taxation of contractors The Bayu-Undan field (covering PSCs JPDA 03-12 and 03-13) is located in the Timor Sea in the JPDA and as such is governed by the TST. In accordance with the TST, 90% of the revenue or profit derived from the JPDA is subject to tax in Timor-Leste.

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Sunset at East Timor's Greater Sunrise LNG after Woodside ...

Jul 22, 2020· Alfredo Pires, the long-standing former minister for petroleum and mining, who helped orchestrate Gusmao's grand plans for the development of Sunrise in …

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Conoco's Timor tax dispute in arbitration

Dec 20, 2012· Conoco's Timor tax dispute in arbitration. ConocoPhillips has launched an international arbitration process over its tax dispute with the East Timorese government, signalling a resolution to the ...

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Timor Sea Treaty - Governo de Timor-Leste

(1) in East Timor, the income tax imposed under the law of East Timor; (2) in Australia, the income tax imposed under the federal law of Australia; as well as any identical or substantially similar taxes which are imposed after the date of signature of this Treaty in addition to, or in place of, the existing taxes. viii.

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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 ...

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East Timor - Wikipedia

East Timor (/-ˈ t iː m ɔːr / ()) or Timor-Leste (/ t i ˈ m ɔːr ˈ l ɛ ʃ t eɪ /; Tetum: Timór Lorosa'e), officially the Democratic Republic of Timor-Leste (Portuguese: República Democrática de Timor-Leste, Tetum: Repúblika Demokrátika Timór-Leste), is an island country in Southeast Asia. It comprises the eastern half of the island of Timor, the nearby islands of Atauro and Jaco ...

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Mining boom could bust us - The Age

Nov 11, 2007· More recently, East Timor adopted the model in full — with some additional transparency measures — for the management of its revenue from the Timor Sea. In Norway's case, all the tax revenue ...

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A LAW REGARDING MINES AND MINERALS MANAGEMENT …

according to the laws of East Timor, b. a cooperative society registered according to the laws of East Timor, or c. an individual who is a citizen of East Timor, over 16 years of age, who has been a resident of East Timor for at least one year; Provided that they meet all the application conditions stated in this Law. 6.

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Former East Timor leader Xanana Gusmao warns Australia of ...

Aug 26, 2019· Former spy Witness K and lawyer Bernard Collaery are facing jail for allegedly sharing secret information with the government of East Timor in relation to the 2004 bugging of the prime minister ...

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An overview of PNG's taxation rules | Papua New Guinea ...

Papua New Guinea has recorded high levels of economic growth for a number of years, mainly on the back of the PNG liquefied natural gas (LNG) project, which began production in mid-2014. The country's abundance of natural resources has also seen many of the world's largest oil and gas and mining companies enter the market. While the economic signs continue to be positive, a …

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Australia-East Timor conflict intensifies over Greater ...

Jun 09, 2010· As the Suharto regime crumbled in 1998-99, and Portugal moved to reassert its claims, Labor backed the Howard government in sending troops to East Timor to help establish a nominally independent ...

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Timor-Leste - Individual - Taxes on personal income

Aug 24, 2021· Timor-Leste residents are taxable on a worldwide income basis, while non-residents are taxable only on the income sourced from Timor-Leste. Residents earning foreign-sourced income may receive a foreign tax credit (see the Foreign tax relief and tax treaties section).Timor-Leste individual taxpayers are subject to income tax on their taxable income, …

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East Timor | Geography, History, & Facts | Britannica

Geography. East Timor is bounded by the Timor Sea to the southeast, the Wetar Strait to the north, the Ombai Strait to the northwest, and western Timor (part of the Indonesian province of East Nusa Tenggara) to the southwest.The eastern part of Timor island is rugged, with the mountains rising to 9,721 feet (2,963 metres) at Mount Tatamailau (Tata Mailau) in the centre …

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Another last frontier: Investing in East Timor? - Investvine

Aug 18, 2013· The government also has introduced an investment law that provides incentives for foreign investors in fields such as mining, aquaculture, forestry, agriculture and food processing. Several areas on East Timor's territory have also been marked as industrial parks that can be accessed by foreign investors and are eligible for tax incentives.

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Australian PM reveals plan to ship asylum seekers to East ...

Jul 06, 2010· Australian Prime Minister Julia Gillard revealed plans to ship asylum-seekers to a processing centre in impoverished East Timor Tuesday, in an effort to deter a flood of migrants fleeing troubled ...

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East Timor (Timor-Leste - Encyclopedia Britannica

The former East Timorese independence fighter Xanana Gusmão, who had been prime minister of the country since 2007, stepped down from that post in February and was suc-ceeded by Rui Maria de Araújo. Gusmão remained in the government as minister for planning and strategic invest-ment. East Timor's economy was projected to grow by

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Indonesia starts process to raise VAT and introduce carbon tax

2 · The government is also looking to relaunch its tax amnesty program, a repeat of a similar 9-month plan in 2016-2017. The program will run for …

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East Timor newspapers and news sites | World-Newspapers.com

Features government news, country overview, information and services for residents, things to see and to do in Timor, more. Guide Post English language magazine providing East Timor news, business and travel information.

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EITI Timor-Leste 2018 Reconciliation Report

5. Tax Regime 5.1 JPDA – Bayu-Undan & Greater Sunrise Fields 5.2 JPDA – Other fields 5.3 TLEA – Timor-Leste Exclusive Area 52 53 55 56 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 6.5 Coverage of artisanal and small ...

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(PDF) East timor 2003 | joe Magno - Academia.edu

The newly independent Timor-Leste comprises the eastern half together with the enclave Oecussi in the West, Atauro island in the north of Dili, and a small islet, Jaco, at the eastern most tip of Timor. Administratively, Timor-Leste is divided into 13 districts with each district headed by an administrator. Dili is the capital of the country.

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West Papua: mining in an occupation forgotten by the world ...

Apr 21, 2015· There was hope when Suharto's dictatorship fell in 1998, bringing free elections to the archipelago, and even an independence referendum in East Timor, which was itself invaded and annexed by Indonesia in 1975, and faced similar, bloody oppression. It turned out to be false hope for West Papua.

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Mining in India - Wikipedia

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 from 2.2% to 2.5% only but going by the GDP of the total industrial sector it contributes around 10% to 11%. Even mining done on small scale contributes 6% to the entire cost of mineral production.

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

The economy is largely based on offshore oil and gas exploration in the Timor Sea. The Petroleum Fund was established to manage revenue transparency and sustainability. The fund was valued around US$16 billion. The Timor-Lesteese Government released a Strategic Development Plan seeking to use its oil revenue to support long-term economic ...

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Timor Sea Treaty Dili, 20 May 2002(1) - Un

The Government of Australia and the Government of East Timor, ... "Petroleum Mining Code" means the Code referred to in article 7 of this Treaty; ...

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DEMOCRATIC REPUBLIC OF TIMOR-LESTE GOVERNMENT

DEMOCRATIC REPUBLIC OF TIMOR-LESTE GOVERNMENT Decree-Law No. _1_/2016 of 09 February First amendment to Decree-Law No. 20/2008, of 19 June, which created the National Petroleum Authority The Government of the Democratic Republic of Timor-Leste is determined in continuing to create the necessary conditions for the socio-economic development of

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Philippines strengthens ties to East Timor - Investvine

Feb 20, 2013· The Philippines has maintained friendly relations to East Timor since the country's independence from Indonesia in 1999. The Philippines and the small Southeast Asian nation of East Timor are aiming to enhance bilateral relations in the areas of technical cooperation, human resource development and education, according to a statement by the Philippines Department …

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From East Timor to the East Kimberley: Seasonal workers ...

Jun 09, 2016· "In East Timor we never use pipe like this to water the farms," he said. "Australia has a very modern style of farming." The East Timor crew is stick picking and weeding on farms around Kununurra.

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How the tax regime in East Timor helps you to achieve ...

Nov 20, 2020· How the tax regime in East Timor helps you to achieve success. Nov 20. Written By Paulo Remedies Menezes. Timor-Leste has an extremely lucrative tax regime, with the corporate tax rate, individual tax rate, service tax and custom tax significantly lower than many countries around the world. This proposes an attractive opportunity for foreign ...

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AUTORIDADE NACIONAL DO PETRÓLEO E MINERAIS TIMOR …

Autoridade Nacional do Petróleo e Minerais (ANPM) is Timor-Leste public institution, created under Decree Law No. 27/2019 of 27 th August, 2 nd amendment of Decree-Law No. 20/2008 of 19 th June, on the Autoridade Nacional do Petróleo, responsible of managing and regulating petroleum and mining activities in Timor-Leste area, both offshore and onshore and in the …

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Automotive Archives - Industry Today

Aug 23, 2019· Our digital media platform offers many opportunities for promotion through independent advertising in the digital magazine, banners, sponsored articles, sponsored content in our Resource Center, and independently authored content.

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International Minerals Statistics and Information

Minerals Yearbook (Volume III. -- Area Reports: International)Listed below are chapters from the Minerals Yearbook (Volume III. -- Area Reports: International). These annual reviews are designed to provide timely statistical data on mineral commodities in various countries. Each report includes sections on government policies and programs, environmental issues, trade and

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Bitify - Bitcoin and Litecoin Marketplace and Auction Site

World's largest Bitcoin marketplace and auction site. Buy online with Bitcoin securely using our secured escrow service with up to 30 days buyer protection.

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Timor-Leste (formerly East Timor) Tax and Investment …

Tax and Customs' Regime for East Timor". Regulation 2000/12 was transitional in nature and levied an excise on the import, domestic production and the export of certain goods. Regulation 2000/12 had application from 8 March 2000. On 20 December 2000, UNTAET issued Regulation 2000/18 entitled "A Revenue System for East Timor".

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Tiny, Poor and War-Torn: Development Policy Challenges for ...

Jul 01, 2001· Following its decisive vote for independence on 30 August 1999, East Timor will soon become the world's newest country. The country has a particularly tragic history: centuries of Portuguese colonialism and neglect, 24 years of troubled occupation by Indonesia, and the horrific violence and massive destruction of infrastructure which occurred in the wake of the 1999 vote …

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About ETAN - East Timor and Indonesia Action Network

The East Timor and Indonesia Action Network (ETAN) was founded in November 1991 to support genuine self-determination and human rights for the people of East Timor in accordance with the Universal Declaration of Human Rights, the 1960 United Nations General Assembly Resolution on Decolonization, and Security Council and General Assembly resolutions on …

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Taxation | Timor-Leste Ministry of Finance

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 »

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