Mining Royalty Rates In Timor Leste
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Mining Royalty Rates In Timor Leste
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Timor-Leste | Extractive Industries Transparency Initiative
Timor-Leste's economy is heavily dependent on oil and gas. According to the latest EITI Report, the oil sector accounted for 76% of the country's GDP and 98% of exports in 2013.The top five producing companies already account for 97% of government revenues.
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Fiscal Regimes, Petroleum Contracts, and Natural Gas
• Mining - Tax & Royalty; PSC uncommon . X Income Tax Rate Government Revenues •Royalty •Profit Petroleum • Income Tax •Dividend Withholding Tax (DWT) . Timor-Leste • Consumer contracts – normally 20-30 years with volume and price commitments – this is the most common form of
Oil in Timor-Leste (Oilwatch) - La'o Hamutuk
The United Nations governed Timor-Leste beginning in October 1999, and Timor-Leste restored its independence as a sovereign country on May 20, 2002. Today it is the 191st Member of the United Nations, and one of the poorest.
TIMOR-LESTE EXTRACTIVE INDUSTRIES TRANSPARENCY .
It comes with an outlook of the country's economy, it introduces some figures regarding Timor Leste's sand and gravel mining industry. Timor Leste's SOE, Timor Gap, is introduced for the first time in this report. The Companies' local content and social responsibility efforts are also detailed in this report.
Greater Sunrise Oilfield and Food Insecurity in Timor-Leste
This delay presents a significant barrier to development, and therefore food security, for Timor-Leste. A subsistence farming agricultural industry with poor output and productivity, combined with an over-reliance on food imports, means that Timor-Leste has one of the highest rates of malnutrition in the world.
Taxation | Timor-Leste Ministry of Finance
Taxation Law. The Taxes and Duties Act was passed by the National Parliament of Timor-Leste in June 2008 and came into effect on 1 July 2008. The Act changed aspects of Timor-Leste's tax system including many tax rates. There are also other laws that impac . continue reading »
East Asia/Southeast Asia :: Timor-Leste — The World .
Timor comes from the Malay word for "east"; the island of Timor is part of the Malay Archipelago and is the largest and easternmost of the Lesser Sunda Islands; the district of Oecussi is an exclave separated from Timor-Leste proper by Indonesia
Turkeys Mining Fiscal Regime 2018 - A Focus on Governing .
Turkeys Mining Fiscal Regime 2018 - A Focus on Governing Bodies, Taxes, and Royalties Summary "Turkeys Mining Fiscal Regime 2018", covers the countrys governing bodies, laws, rights and obligations and tax- and fee- related information on mineral commodities.
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mining royalty rates in timor leste Capturing a fair share of fiscal benefits in the extractive -. mining royalties and tax rates and curtailed the provision of tax holidays.1 These changes .. regime .
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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 .
Timor-Leste Corporate - Withholding taxes - WWTS Home
Timor-Leste has entered into a double taxation treaty (DTT) with Portugal (although elements of DTT relief are also embedded in the Timor Sea Treaty [TST], see Taxation of petroleum operations in the Other issues section).
Timor-Leste upstream fiscal summary | Wood Mackenzie
Timor-Leste upstream fiscal summary Report summary The latest model Production Sharing Contract (PSC) was introduced in 2005, and is relatively straight-forward.
Timor-Leste Highlights 2013 - Deloitte US
Timor-Leste, wage income tax applies whether the employment is exercised in Timor-Leste or elsewhere. The concept of wages includes cash and the value of non-cash benefits. Rates – In the case of a resident natural person, wage income tax at the following rates apply: Monthly taxable wages WIT Rate US 0 to US 500 0% Exceeding US 500 10% of .
Free Market Foundation
At a premium of at least 2% or up to 50% of the royalty rate, investors can purchase insurance against one element of increased risk and instability, indicating a clear intention to impose higher rates in future at worst, and to subject the industry to uncertainty at best.
Democratic Republic of Timor-Leste: Selected Issues and .
governed Timor-Leste experienced high growth rates. However, per capita income and social indicators lagged well behind those for Indonesia as a whole. From the early 1980's until the 1997-98 Asian crisis, the Timor-Leste economy grew at an average rate of 5.6 percent.2 Nonetheless, in 1997 Timor-Leste's per capita income was estimated at
DEMOCRATIC REPUBLIC OF TIMOR LESTE Guide
(c) from a place outside Timor Leste to a place in Timor Leste. All providers of air and sea transportation services are required to self withhold at the rate of 2.64%. Accordingly, there is no requirement for persons making a payment to such providers (or their agents) for these services to withhold tax. Income from mining and mining support .
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Mining Firms Urge Cuts In Zambia's New Royalty Rates. Mining Firms Urge Cuts In Zambia's New Royalty Rates . instead of the current six percent royalty for all mines, . Timor-Leste Togo Tonga Trinidad and Tobago Tunisia
Australia Mining Production | 2018 | Data | Chart .
Mining production in Australia increased 4.50 percent year-on-year in the second quarter of 2018. Mining Production in Australia averaged 4.99 percent from 1978 until 2018, reaching an all time high of 25.60 percent in the fourth quarter of 1987 and a record low of -16.90 percent in the third quarter of 1986.
Withholding Tax | Timor-Leste Ministry of Finance
Residents and 'Timor-Leste Permanent Establishments of Non-residents' 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.
Base Metals Mining in India to 2021 - Copper Market .
Table 27: India's Mining Fiscal Regime – Royalty Rates by Commodity, 2017 59. Table 28: India's Mining Fiscal Regime – Coal and Lignite Royalty Rates, West Bengal (₹/Tonne), 2017 60 . Enquire before buying Base Metals Mining in India to 2021 - Copper Market Recovered While Lead and Zinc Remained Sluggish. Name. Email.
A new mining code for Timor-Leste | Agora Portal
The Timor-Leste Mining Code clarifies, in line with the country's constitution, that all mineral resources on public and private land within the territory of Timor-Leste are deemed to belong to the public domain of the state, and that the state may acquire, including through expropriation, the private land where those resources occur or are .
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Volume 2:SPC (2013) Deep Sea, Niue, Palau, Papua New Guinea, Samoa, Solomon Islands, Timor Leste, Tonga, For many of the countries in the Pacific, mining represents a new endeavour, and, for all, deep sea mining is a first, regime In areas of active hydrothermal venting, species may be adapted to natural changes in the environment, and be .
FISCAL REGIMES FOR EXTRACTIVE INDUSTRIES—DESIGN .
• The tax base is taxable mining income, the effective rates range from 0.04% and 14%, and the tax is deductible against CIT • Liberia. imposes a resource rent tax (RRT) that is triggered when the pre-tax IRR of a project reaches 22.5% • The tax base is the project cash flows, and the rate is 20%, and the RRT is deductible against CIT . 27
Making Mining Work for West Africa - World Bank
The second day of the forum was dedicated to discussion of legal and fiscal best practices for mining throughout Africa. Representatives from Niger, Mali, the Western Africa Economic and Monetary Union (WAEMU) and the World Bank Group discussed royalty rates, state equity participation, tax and transfer pricing, among other issues.
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Failure to Reduce Gas Royalty Rates in 2017 Impacts .
Ukraine cheered some operators with 2017 tax legislation reducing the standard royalty rates for oil production from 45% to 29%. However, draft proposals to reduce royalty rates on new gas wells to 12% were not included in the final legislation.
Greenland Corporate - Taxes on corporate income
Nonetheless, the model licence terms for upcoming rounds in Baffin Bay contain surplus royalty levels of 7.5%, 10%, and 12.5% at 35%, 45%, and 55% internal rates of return, respectively. In other words, royalty levels are likely to differ between licences and should therefore be scrutinised. Mining .
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