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  • LAW No. 8/2005 Of 3 August PETROLEUM TAXATION LAW .

    Of 3 August PETROLEUM TAXATION LAW PREAMBLE According to international law, Timor-Leste has sovereign rights for the purpose of exploring, exploiting and managing its natural resources, including its petroleum resources. The right to tax petroleum activities is, therefore, one of the manifestations of such sovereign rights.

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  • EY BrochuraTimorLeste low - Governo de Timor-Leste

    Timor-Leste's has a very competitive tax regime, with corporate tax, customs duties and indirect tax rates that are lower than in comparable countries in the Asia-Pacific region. Additionally, investors have access to tax incentives that can further reduce the total tax burden. Even though regional competitiveness is likely to be

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  • Validation of Timor-Leste 2016 | Extractive Industries .

    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.

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  • Timor-Leste

    Timor-Leste Doing Business 2020 Timor-Leste Page 1. Economy Profile of Timor-Leste . products subject to a special tax regime, for example, liquor or tobacco. It is not using heavily polluting production processes.-Does not qualify for investment incentives or any special benefits.

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  • Taxation in Sri Lanka - Wikipedia

    Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. Tax revenue is a primary constituent of the government's fiscal policy . The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes.

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  • World Bank Document

    Timor-Leste Doing Business 2019 Timor-Leste Page 1 Public Disclosure Authorized . time, total tax and contribution rate for a firm to comply with all tax regulations as . activities and does not handle products subject to a special tax regime, for example, liquor or tobacco. It does not use heavily polluting production processes.

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  • Timor-Leste Economy: Population, GDP, Inflation, Business .

    Timor-Leste's economic freedom score is 45.9, making its economy the 171st freest in the 2020 Index. Its overall score has increased by 1.7 points due to a higher score for property rights.

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  • Banking Laws and Regulations | Timor-Leste | GLI

    East Timor's financial system essentially revolves around banking and currency exchange activities. According to data compiled by the Central Bank of East Timor 1 (Banco Central de Timor-Leste, hereinafter "BCTL"), the financial institutions currently operating in the East Timorese territory are:. four branches of foreign commercial banks:

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  • LAW No. 8/2005 Of 3 August PETROLEUM TAXATION LAW .

    Of 3 August PETROLEUM TAXATION LAW PREAMBLE According to international law, Timor-Leste has sovereign rights for the purpose of exploring, exploiting and managing its natural resources, including its petroleum resources. The right to tax petroleum activities is, therefore, one of the manifestations of such sovereign rights.

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  • Transforming Singapore's Tax Regime - KPMG Singapore

    › Transforming Singapore's Tax Regime . This section covers other general tax recommendations to enhance Singapore's tax regime and improve business relevance. . Consider entering into DTAs with the following countries: Algeria, Angola, Chile, Jordan, Mozambique, Peru, Tanzania, Timor Leste .

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  • Timor-Leste

    Timor-Leste Doing Business 2020 Timor-Leste Page 1. Economy Profile of Timor-Leste . products subject to a special tax regime, for example, liquor or tobacco. It is not using heavily polluting production processes.-Does not qualify for investment incentives or any special benefits.

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  • Timor-Leste (formerly East Timor) Tax and Investment Guide .

    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 .

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  • Timor-Leste - PwC

    Since our 2009 Timor-Leste Tax and Investment Guide, Timor-Leste has continued down a path of cautious political, social and economic development. Nevertheless, to understand the investment and taxation regimes applicable in Timor-Leste today it is important to understand some of this evolutionary process. 1. Historical

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  • Patent Box Regimes in Europe | IP Regimes | Tax Foundation

    3. Italy has a federal corporate income tax (IRES) of 24 percent and a regional production tax (IRAP) of 3.9 percent, thus a combined statutory rate of 27.9 percent. Italy's patent box regime reduces both tax rates by 50 percent, leading to a tax rate of 13.95 percent on .

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  • START DATE OF 1 AUGUST 2017 FOR TIMOR-LESTE'S PROPOSED .

    Apr 18, 2017 · START DATE OF 1 AUGUST 2017 FOR TIMOR-LESTE'S PROPOSED SOCIAL SECURITY REGIME (A.K.A. COMPULSORY SUPERANNUATION/PENSION FUND) Published on April 18, 2017 April 18, 2017 • 49 Likes • 4 Comments

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  • PROCURING INFRASTRUCTURE PUBLIC-PRIVATE .

    partnership advisors, are subjected to the regime included in this Decree- Law and respective regulations, the Legal Regime on Procurement shall apply on a subsidiary basis. This shall be the framework regulating PPPs in Timor-Leste for purposes of this analysis. and provide a link to a government–supported website where the mentioned

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  • (PDF) The Oil Resources Of Timor-Leste: Curse Or Blessing?

    THE OIL RESOURCES OF TIMOR-LESTE: CURSE OR . collapse during the last years of the Sukarno regime in the . parts of the regulatory framework include the Petroleum Act and the Pe troleum Tax .

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  • Laws OF Timor-Leste - UNMIT

    Laws OF Timor-Leste . The reason for the preparation of this Index is to present the laws and legal instruments of Timor-Leste by way of different topics and classifications and . Remuneration Regime for the Members of Anti-Corruption Commission (Translation not .

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  • Timor-Leste Highlights 2019 - Deloitte United States

    the extent of the Timor-Leste income tax otherwise . Holding company regime –No. Timor-Leste Highlights 2019 Incentives – A company investing in Timor-Leste may be eligible to apply for a private investor certificate under the private investment laws. The holder of a private investor certificate is eligible for certain exemptions

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  • Oil and gas taxation in Timor-Leste - Deloitte

    Broadly, the tax regime in the JPDA is the same as that in Timor-Leste's sovereign territory (outlined above) with the key difference being that 90% of the revenue or profit derived from the JPDA is subject to tax in Timor-Leste by virtue of the Timor Sea Treaty ("TST") with Australia.

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  • EY BrochuraTimorLeste low

    Timor-Leste's has a very competitive tax regime, with corporate tax, customs duties and indirect tax rates that are lower than in comparable countries in the Asia-Pacific region. Additionally, investors have access to tax incentives that can further reduce the total tax burden. Even though regional competitiveness is likely to be

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  • PETROLEUM TAXATION ACT - La'o Hamutuk

    The Petroleum Taxation Act sets out a specific taxation regime for petroleum activities. It applies to petroleum activities authorised and regulated under Timor-Leste's Petroleum Act. It also applies to 90 percent of the petroleum activities authorised and regulated under . "Timor-Leste Taxation Law" means the Law on Income Tax, the Law .

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  • Media Releases « Government of Timor-Leste

    Apr 15, 2020 · A cessation of all air services now leaves Timor-Leste isolated, without global connectivity for the movement of freight, medical supplies or passengers in emergencies. The agreement signed between the Government of Timor-Leste and Airnorth ensures continued air connectivity for Timor-Leste.

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  • Timor-Leste Upstream Fiscal and Regulatory Report-Maritime .

    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.

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  • Timor-Leste Upstream Fiscal and Regulatory Report-Maritime .

    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.

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  • World Bank: Timor-Leste, Mexico Ranked Top Tax Reformers .

    Timor-Leste was the top reformer, with its introduction of a new tax law, a simplified tax administration, and a streamlined business tax regime, which helped to reduce compliance time by 50%. Mexico ranked second, through its adoption of electronic filing systems for payroll and property taxes as well as social security, thereby reducing by 21 .

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  • UNESCAP-TIMOR-LESTE NATIONAL WORKSHOP TRAINING

    TradeInvest Timor-Leste, I.P., for a preliminary discussion of the investment proposal. After said meeting, the competent department of TradeInvest Timor-Leste, I.P., sends a copy of the relevant documentation to the main governmental entities and respective departments that are to .

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  • Bribery & Corruption Laws and Regulations | Timor-Leste | GLI

    The Timor-Leste provides information in the future. The content of this website is for general information purposes only and does not purport to provide comprehensive full .

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  • TIMOR-LESTE | AUTORIDADE NACIONAL DO PETRÓLEO E .

    Autoridade Nacional do Petróleo e Minerais (ANPM) is Timor-Leste public institution, created under Decree Law No. 1/2016 of 9th February, 1st amendment of Decree-Law No.20/2008 of 19th June, on the Autoridade Nacional do Petróleo, responsible of managing and regulating petroleum and mining activities in Timor-Leste area, both offshore and .

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  • GrowinG the non-oil eConoMY - Asian Development Bank

    Growing the Non-Oil Economy A Private Sector Assessment for Timor-Leste This report investigates Timor-Leste s potential to develop a vibrant, stable, and diversi ed economy that is not dependent on oil revenues. Implementing challenging reforms .

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