mining royalty rates in timor leste

Timor-Leste Upstream Fiscal and Regulatory Guide

Timor-Leste Upstream Fiscal and Regulatory Guide Summary Timor-Leste is hosting a licensing round (contract signature planned for January 2021) to attract new exploration investment to counter the decline in production from the Bayu-Undan field, the country''s main producing field (gas and condensate), which will be depleted by 2021.

Corporate taxation in in Timor-Leste

2019-10-8 · Taxation of dividends – Dividends from Timor-Leste companies are exempt income for Timor-Leste residents and are not tax-deductible for the payer. Capital gains – Gains arising from the alienation of assets are subject to the 10% corporate income tax rate. No distinction is made between revenue gains or capital gains.

International Minerals Statistics and Information

2021-9-25 · 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 …

DEMOCRATIC REPUBLIC OF TIMOR LESTE

2013-11-17 · An overview of taxes in Timor Leste (Version 01.07.08) English 4 For services provided between 1st July 2000 and 30th June 2002 the service tax rate was 10%. Registration requirements Businesses Each enterprise operating in Timor Leste is required to register with the TLRS by completing

Timor-Leste

2021-8-24 · Payments of Timor-Leste-source income made by a resident to a non-resident are subject to WHT at 10%. 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 Value added in mining, manufacturing ...

2021-6-9 · In 2019, value added in mining, manufacturing, utilities growth for Timor-Leste was 951.4 %. Though Timor-Leste value added in mining, manufacturing, utilities growth fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at …

DIRECÇÃO NACIONAL DE RESEITAS PETROLIFERAS E …

2020-1-29 · Dividends paid by a Timor-Leste P.E of a non-resident company, being an Australian resident to a Timor-Leste P.E of a company that is not resident of either Timor-Leste or Australia, out of "profits derived from the former JPDA" 15% 15% 15% n/a Dividends paid or credited by a Timor-Leste P.E of a non-resident company, not being an ...

Mining and manufacturing

The NT''s mining and manufacturing industries rose 31.9% in 2019-20 to $8.5 billion, which reflects a 39.7% increase in the mining industry to a record $7.5 billion, partly offset by a 7.5% decrease in the manufacturing sector to $982 million. Mining and manufacturing accounted for 31.6% of NT economic output in 2019‑20 (Chart 1).

Oil and gas taxation in Timor-Leste

2021-8-29 · Timor-Leste resident companies are taxable on their worldwide income and gains. Foreign tax credits are generally available for foreign taxes paid. A company is considered to be a resident of Timor-Leste if it is incorporated in Timor-Leste. Non-resident companies are taxable on their Timor-Leste sourced income and gains.

ACCESS TO ENERGY IN TIMOR-LESTE

2021-9-2 · ELECTRICIDADE DE TIMOR-LESTE Avenida Caicoli, Dili, Timor-Leste Electricityin Timor-Leste Facts and Targets: 2008 2013 2015 2018 Generation capacity (MW)40 286 300 Transmission line (km) 0 603 Generated energy (GWh) 318 385 Electrification rate 22 62 75 100 Supply hours in distr.(h/day)6 24 National Dispatching Center since 2011

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

2015-6-3 · in as Timor-Leste''s first President. Full administrative authority also passed from the UNTAET to the newly established Timor-Leste Government led by Mari Alkatiri as Prime Minister. On the same day, a new Timor Sea Treaty was agreed between Timor-Leste and Australia (see below). The post 2002 period however included periods of civil disturbance.

An overview of Timor-Leste''s economy

2015-2-17 · •To achieve inclusive and high economic growth rate: • "Front loading" for infrastructure and human capital ... Income Tax Royalties & Profit oil 6 Petroleum Revenue: Excluding Greater Sunrise 0 50 100 150 200 250 2009A 2010A ... Timor-Leste Non-Oil Indonesia Vanuatu Solomon Islands. 13 1.1 3.7 3.7 5.2 8.0 12.1 12.4 12.4 15.4 10.9 11.0 ...

Corporate taxation in in Timor-Leste

2019-10-8 · Taxation of dividends – Dividends from Timor-Leste companies are exempt income for Timor-Leste residents and are not tax-deductible for the payer. Capital gains – Gains arising from the alienation of assets are subject to the 10% corporate income tax rate. No distinction is made between revenue gains or capital gains.

Zambia mining group urges single royalty to boost ...

2015-6-18 · Zambia''s government set the royalty tax rate for open cast and underground mining at 9 percent in April, rowing back from earlier plans to charge as much as 20 percent. However, the state said on June 5 that it would cut mineral royalties for underground mines to 6 percent because underground mining was more expensive than open cast mining.

RoyaltyStat: Royalty Rates for Intangible Assets ...

Over 16,500 royalty rates based on net sales from license agreements for intangible assets, covering 194 countries and 10 GCIS sectors dating back over 65 years. Each royalty rate is accompanied by normalized contractual terms of the agreement and licensed patent numbers (where applicable) to facilitate quantitative analysis.

Timor-Leste Upstream Fiscal and Regulatory Report ...

Timor-Leste''s upstream fiscal regime has been relatively stable since the introduction of the 2005 model contract. Under PSAs, royalties are payable at a rate of 5% on gross production and after cost recovery, the remaining profit oil is shared between the licensee and the state.

Timor-Leste Upstream Fiscal and Regulatory Guide, 2020:

2020-2-7 · Timor-Leste is hosting a licensing round (contract signature planned for January 2021) to attract new exploration investment to counter the decline in …

East Timor

2005-9-6 · Timor Leste, as one the poorest nations in the Southeast Asian region, has pinned much of its hopes for economic development and self-reliance on the off-shore gas and oil reserves in the Timor Sea. East Timor''s oil resources have historically attracted international interest, especially from Indonesia and Australia.

Zimbabwe gold royalty reduction welcomed | Mining News

2014-9-16 · Mwana Africa has warmly welcomed the decision by the Government of Zimbabwe in its 2014 Mid-Year Fiscal Policy Review Statement to reduce the royalty on Zimbabwean gold producers from 7% to 5%, effective 1 October 2014. Mwana has an 85% interest in and operates the Freda Rebecca gold mine at Bin ...

Mining Firms Urge Cuts In Zambia''s New Royalty Rates

Mining Firms Urge Cuts In Zambia''s New Royalty Rates ... However, mining companies that export their products to the international metal markets have been unable to comply with the Rule''s requirement that proof of arrival of the exported commodities in the receiving country must be provided before VAT is refunded. While the Zambia Revenue ...

Pacific Plunder: this is who profits from the mass ...

2021-5-31 · Oil and mining accounted for approximately 90% of the value of all PNG export in 2018 but just 10% of government revenues. Promises for infrastructure or royalty …

Timor-Leste Highlights 2013

2013-11-17 · Guide G07 (Ver. 01.12.09) Withholding Tax National Directorate of Domestic Tax Page 2 of 6 Royalties Where a legal person (i.e. companies, partnerships, non-incorporated associations, etc.) pays royalties to a resident person or a Timor Leste permanent establishment of a non-resident person they are required to withhold tax from the gross amount of the royalties paid at the rate …

Timor-Leste upstream fiscal and regulatory guide

2020-1-31 · Fiscal framework. Upstream oil and gas operations in Timor-Leste are governed by PSAs. Royalties are payable at a rate of 5% on gross production, and the remaining production is available for cost recovery. After the deduction of royalties and cost recovery, the production is shared between the licensee and the state, with the state receiving ...

Yoshitaka Hosoi, PhD

2013-9-17 · Purpose of Presentation Understand characteristics of mine development in country context Conduct solid ex-ante analysis when making new / additional investments Such analysis shall assist and reveal: Value of the project Estimate macro impacts and risks associated with the project Decision making for the investment Case study: Analysis of a new mine development …

Timor-Leste | Extractive Industries Transparency Initiative

2021-2-10 · Timor-Leste''s economy is heavily dependent on oil and gas.According to the latest EITI Report, the oil and gas sector accounted for over 90% of the country''s revenues in 2016 and 2017 but is expected to see a decline in the following years as production from existing fields draw to a close. As a consequence of the higher oil prices (even with a decrease in the production) …

Timor-Leste upstream fiscal summary Report | Wood …

2019-11-18 · All upstream licences in Timor-Leste are awarded through licensing rounds under production sharing contract terms (PSCs). The terms are set for each licensing round, and include royalty of 5%, no cost recovery ceiling and contractor''s profit share of 60%.

Fiscal Regimes, Petroleum Contracts, and Natural Gas

2015-8-20 · • Mining - Tax & Royalty; PSC uncommon ... Timor-Leste • Consumer contracts – normally 20-30 years with volume and price commitments – this is the most common form of ... – lower royalty rates (Nigeria, Tunisia, Vietnam) – higher cost recovery ceilings and/or profit shares (Egypt, Indonesia, Malaysia) ...