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 of 10%.

Timor-Leste Corporate - Withholding taxes - WWTS Home

Mining and mining support services: 4.5: ... elect to have these payments for services not subjected to final tax by submitting a notification letter to the Timor-Leste Revenue Service. 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 ...

The Mining Valuation Handbook: Mining and Energy Valuation ...

A comprehensive guide to mining investment analysis designed for use by financial and mining analysts, executives, and investors, The Mining Valuation Handbook: Mining and Energy Valuation for Investors and Management has become an essential resource for assessing the value and investment potential of mining opportunities. Fully revised and ...


ELECTRICIDADE DE TIMOR-LESTE Avenida Caicoli, Dili, Timor-Leste Purposeof the National Energy Policy-To provide universal access to energy to all the people, especially those living in remote areas of Timor-Leste-To create appropriate regulation so that the nationals of Timor-Leste play a major role in the governance of energy sources

Exploring Timor-Leste – Minerals Potential -

3. The mining business of metallic mineral is high risk and high capital, so is best done by the private sector as it needs solid financial and technical resources. 4. Non-mettalic mineral such as marble, clay, sand, gravels, etc, have great potential in Timor-Leste. 5. The growth and development of a country's mining

Australia Mining Production | 2019 | Data | Chart ...

Mining production in Australia increased 3.20 percent in March of 2019 over the same month in the previous year. Mining Production in Australia averaged 4.96 percent from 1978 until 2019, reaching an all time high of 25.20 percent in the fourth quarter of 1987 and a record low of -16.90 percent in the third quarter of 1986. This page provides the latest reported value for - Australia Mining ...

Fiscal Regimes, Petroleum Contracts, and Natural Gas

• 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) ...

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 ...

Timor-Leste/Australia JPDA upstream fiscal summary

Jun 28, 2018· Timor-Leste/Australia JPDA upstream fiscal summary Report summary A new Model Production Sharing Contract (PSC) covering the Timor Leste-Australia Joint Petroleum Development Area (JPDA) was introduced in 2005, whilst the CMATS treaty of distribution of Greater Sunrise revenues between Australia and Timor Leste was signed in 2007.

East Timor |

The main land area of East Timor lies on the eastern half of Timor, an island roughly the size of the Netherlands (32,000 sq km/12,355 sq mi) that forms an arc between Asia and Australia and is situated within the Nusatengarra Archipelago. Opposite the well-traveled island of Bali, East Timor is surrounded by the Indian Ocean at the south at the Pacific Ocean at the north.

Economy of East Timor - Wikipedia

The economy of East Timor is ranked as a low-income economy by the World Bank. It is placed 133th by Human Development Index, indicating a medium level of human development. 20% of the population is unemployed, and 52.9% live on less than $1.25 a day. About half of the population is illiterate.

Model PSC and Taxation - La'o Hamutuk

•Identical production sharing rules for Timor-Leste and JPDA • Quarterly accounting, no distinction between oil and gas • First 5% of production/revenues are allocated to the Timor-Leste/TSDA • Contractor recovers costs from 95% of revenues remaining after royalty

Timor-Leste Highlights 2019 -

services - 2.64% and mining or mining support services - 4.5%. A 10% withholding tax applies to payments for the rental of land and buildings. All other payments to nonresidents with no permanent ... Corporate, Indirect and Personal Tax Rates and Rules for Timor-Leste 2019

ball mill prices and for sale timor leste -

ball mill prices and for sale timor leste - nowystarteu. ball mill prices and for sale timor leste Working principle of Limestone Ball mill, limestone ball mill for sale Ball mill is a horizontal rotating device transmitted by the outer gear Read More >>Mining Royalty Rates In Timor Leste

ILO in Timor-Leste (ILO in Indonesia and Timor-Leste)

Timor-Leste became the Organization's 177th member State on 19 August 2003. One of the major challenges for the country is to reduce poverty and create jobs for its population. The ILO assists Timor-Leste to move forward with decent work objectives through the implementation of the Decent Work ...

2-3 Obligations of the Government of Timor-Leste

2-3 Obligations of the Government of Timor-Leste In order to secure smooth project implementation and operation and maintenance, obligations of ... In order to obtain the permission and royalty exemption for mining river stone material, DNSAS ... ② Exchange rate:1US$=105.89yen


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.

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.

sudan mining royalty rate -

how to calculate grinding rate of ball mill sudan mining royalty rate rate of royalty on mining of limestone in indonesia rate for 200tph crusher. Contact Supplier Fall$ - Gunn & Twynmore. determine!a!royalty!rate.!As!withthe!traditional!methods,!there!seems!tobe!a!lackof! guidelines!as!towhen!touse!the!models.!!

Creating a Mining Code for Timor-Leste - La'o Hamutuk

Creating a Mining Code for Timor-Leste Dezenvolve Kódigu Mineiru ba Timor-Leste. 20 April 2017. Updated 15 June 2017. Contents. ... the Chamber of Commerce and members of the Government and the institutions responsible for the petroleum and mining sector in Timor-Leste.


provide a quick and easy reference guide to the mining industry in the Asia Pacific, but also to unlock the potential in one of the most attractive economies in the world right now. MINING IN the ASIA PACIFIC In the wake of the financial crisis, signs that global private capital is increasingly welcome in the Asia Pacific are evident.

Geology and Soils in Timor-LesteA4 - Seeds of Life

Geology and Soils in Timor-Leste S.J. Thompson, Dili, Timor-Leste December 16 th 2011 . 2 Introduction. This short report follows on from a request from the 'Seeds of Life' program to research the connection, if any, in Timor-Leste between the geology of the island and the currently

Exploring Timor-Leste: - Minerals Potential - PECC - Home

Exploring Timor-Leste: - Minerals Potential Francisco da Costa Monteiro1, Vicenti da Costa Pinto2 ... 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 …

Local Content in Oil, Gas, and Mining - World Bank

" Local content in the extractive industries is being given ever higher priority by host governments through a wide array of policy instruments. And oil, gas and mining companies now rate local content among the most significant expectations in the communities in which they operate.

An overview of Timor-Leste's economy

THE ECONOMY OF TIMOR-LESTE Helder Lopes Coordinator and Advisor of Economic Policy Ministry of Finance Dili, Timor-Leste ... Mining and Quarrying Real estate activities Manufacturing and other industry Other Service Activities ... Oil GDP Growth Rate (%) 664.9 77.6 79.9 -2.7 11.6 -10.6 -4.1 6.0

East Timor - Special Issues - Oil - SEAsite

The maritime border between the two countries was yet to be settled. The royalty split was projected to be 85:15 percent in East Timor's favour. This precipitated a rather optimistic projections for the annual economic growth rate of 15 percent for nine years by the World Bank mission in East Timor …

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.


DEMOCRATIC REPUBLIC OF TIMOR-LESTE TAXES AND DUTIES ACT Decree Law No.: 8/2008 The present Act seeks to relieve the fiscal burden that has been considered to be disproportionate and excessive in view of the reality of the country. It is necessary to prioritize the neutrality of the tax system, so that it does not become the reason

Timor-Leste | Extractive Industries Transparency Initiative

Apr 11, 2019· Timor-Leste's EITI Reports state that most extractive companies operating in the country are publicly listed. While there is no publicly available register of beneficial owners of corporate entities in the Timor-Leste, the 2015 TL-EITI Report lists the beneficial owners of companies covered by the Report including a link to investor information for each company.

Global Mining Fiscal Regime 2017 – A Focus on Major Taxes ...

Table 9: Global Mining Fiscal Regime – Mineral Royalty Rates/Mining Tax in Canada by Province, 2017 36. Table 10: Global Mining Fiscal Regime – Mineral Royalty Rates in Indian by Selected Commodities, 2017 37 ... Request sample pages for Global Mining Fiscal Regime 2017 – A Focus on Major Taxes and Royalties in Selected Countries

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