Ning Taxation Regime Timor Leste
Timor-Leste
Timor-Leste or foreign income tax is not deductible. Deductions not allowed or conditional deductions. The following expenses are also not deductible to a resident or non-resident with a PE in Timor-Leste: The distribution of profits in whatever name or form.
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. Licensees' income is subject to corporate income tax at a rate of 30% and …
FISCAL RULES FOR TIMOR-LESTE
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DEMOCRATIC REPUBLIC OF TIMOR-LESTE …
The Legal Regime for Customs Tax Offences in Timor-Leste (RJIFATL) is hereby approved. Article 2 . Comparison to pecuniary administrative penalties . 1. All acts described as a customs tax violation in UNTAET regulations or in subsidiary legislation matching none of the customs tax offences typified in this legal regime shall be
Why Set Up Business in Timor-Leste
Timor-Leste also enjoys arable land throughout the country. Most of the local is involved in farming with its current highest produce is coffee, corn, and coconut. Tax Regime. Timor-Leste's tax system has had many reforms. The latest tax reform was in 2018, and it is to spur the domestic economy. The new tax system hopes to attract foreign ...
Addressing Timor-Leste's public health issue by establishing …
Small island countries often have high rates of tobacco use. Timor-Leste is one of the 20 countries in the world with high tobacco use rates, and among the five small island developing countries: Kiribati, Nauru, Tuvalu, Solomon Islands, and Timor-Leste. Based on the 2014 STEPS survey, the incidence of tobacco use in Timor-Leste was 48.6%.
IN-VR
Everything you need to know about Timor-Leste's attractive fiscal regime and incentives Since Timor-Leste launched its 2nd Licencing Round, ANPM has been attracting top IOCs from all over the world to its roadshows and data rooms, from the majors, to new and rapidly growing IOCs.One of the biggest conversation topics during these meetings, was the country's highly …
Insight
How the tax regime in East Timor helps you to achieve success A comparative analysis. Read More. ... Paulo Remedies Menezes 11/6/20 Paulo Remedies Menezes 11/6/20. Are you a tax resident in Timor-Leste? Read More. Connect with us. Contact. Suite 343, Level 3, Timor Plaza, Dili Central. Info@pinnacledili +670 331 0092. About us. Our Team.
Autoridade Tributária Timor-Leste – ATTL
Domestic Tax Forms. Monthly Domestic Tax Forms; Annual Domestic Tax Forms; Application Domestic Forms; Petroleum & Mineral Forms. ... Timor-Leste. E-Service: (+670)74002291, …
Introduction to the Laws of Timor-Leste The Law of …
ownership, exploration, development, extraction, and taxation of petroleum resources in Timor-Leste. To learn about and become familiar with the different sources of law that govern various aspects of the legal regime on petroleum extraction and the ... underlie and inform the legal regime on petroleum extraction in Timor-Leste. CHAPTER OVERVIEW
Deloitte | tax@hand
For a summary of the tax regime in Timor-Leste, see the Timor-Leste Highlights, which covers topics including the following: Corporate taxation; Individual taxation; Withholding …
Personal taxation in in East Timor
Tax treaties: Timor-Leste has signed an income tax treaty with Portugal and the Timor Sea treaty with Australia. Please contact TradeInvest for further information and we can help you work …
Petroleum Taxation Act (Law No. 8/2005 of August 3, 2005), Timor-Leste …
CHPATER III – PETROLEUM TAX REGIME . Article 4 Taxation of Contractors . A Contractor, a Subcontractor and any person receiving an amount for goods or services supplied to a Contractor or Subcontractor, are subject to tax in accordance with Timor- Leste Taxation Law, subject to the modifications in this Law. CHAPTER IV – VALUE ADDED TAX
Presentation on the Progress of Fiscal Reform in Timor-Leste by the Tax
The Tax Authority and its team will continue to work hard to improve the customer services to all its clients (taxpayers) to promote the principle of self-compliance within the ambit of self-assessment regime adopted under Timor-Leste's tax administration system, while taking into consideration the ongoing global tax reform. The ultimate goal ...
Timor-Lestè Tax and Investment Guide 2009
taxation reform, four separately distinguishable taxation regimes exists for Timor-Lestè'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-Lestè fell under the umbrella of
Timor-Leste
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 …
1.3 Timor-Leste Customs Information | Digital Logistics …
4.1 Timor-Leste Government Contact List. 4.2 Timor-Leste Humanitarian Agency Contact List. Timor-Leste Ministry oif Finance Customs Website. Emergency Response: [Note: This section contains information which is related and applicable to 'crisis' times. These instruments can be applied when an emergency is officially declared by the Government.
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
Timor-Leste
A Summary of Timor-Leste Taxation and Investment Rules The information continued in this booklet is based on taxation and investment rules and practices, including legislative proposals, as at ... Tax Regime Matrix 62 Appendix C – Possible PSC Classifications 64 Appendix D – PSC Map 65 Appendix E – Glossary of Abbreviations 66 PwC ...
Introduction to the Laws of Timor-Leste The Law of …
Timor-Leste Timor-Leste Stanford Law School . Sergio Veira De Mello Rd Rua De Nu Laran, No. 20 Crown Quadrangle . Lighthouse Area, Farol Bairro Dos Grillos 559 Nathan Abbott Way . Dili, Timor-Leste Dili, Timor-Leste Stanford, CA 94305-8610 . Introduction to the Laws of Timor-Leste The Law of Petroleum Extraction
Mining 2023
The Mining Code sets out a special tax regime for holders of mineral rights (without prejudice to the general tax regime that applies to any entity in Timor-Leste, namely, corporate income tax). No distinction is made between taxing domestic and foreign parties. Royalty
LAND VALUATION AND TAXATION POLICY FOR …
6 LAND VALUATION AND TAXATION POLICY FOR TIMOR-LESTE 4.7 A PRELIMINARY TRAINING SURVEY RESULT FROM TIMOR-LESTE (JULY 1-8, 2005) In Timor-Leste, although land markets are not well developed, property rights are not properly assigned and no effective land taxation mechanism exists, the trainees of the "Land Valuation and Taxation"
Deloitte | tax@hand
For a summary of the tax regime in Timor-Leste, see the Timor-Leste Highlights, which covers topics including the following: Corporate taxation; Individual taxation; Withholding tax; Anti-avoidance rules; VAT; and; Other taxes on corporations and individuals. Content provided by Deloitte Timor-Leste. Location: Location:
Oil and gas taxation in Timor-Leste
Oil and gas taxation in Timor-Leste 2 2.2 Salient features of the tax regime in Timor-Leste's sovereign territory (excluding the Joint Petroleum Development Area (JPDA)) Taxation of contractors The taxation of petroleum operations in Timor-Leste's sovereign territory is primarily governed by the general taxation
JPDA and BAYU-UNDAN TAX INFORMATION For Timor …
JPDA Tax Information v. 7.2.docx Page 4 of 10 withholding of taxes from sub-contractors where applicable employee tax withholding requirements. Article 2(5) of the Law on Income Tax must be applied to determine the existence of a PE for Timor- Leste tax purposes related to Bayu-Undan activities. A PE will arise if the contractor is present (via
Timor Sea Office
The regime is highly flexible and adaptive, making it attractive to develop a broad spectrum of project and field types. The regime comprises: the Timor-Leste Petroleum Law; a model production sharing contract (PSC) to be entered into under the Timor-Leste Petroleum Law; the Timor-Leste Petroleum Taxation Law
Timor-Leste
Special tax regime within certain maritime boundaries in the Timor Sea. On 6 March 2018, Timor-Leste and Australia signed a treaty permanently agreeing certain maritime boundaries in the Timor Sea (the MBT). ... With regard to the TDA, which represents the legislative framework for Timor-Leste's general tax rules other than for the Bayu-Undan ...
Understanding the Corporate Taxation System in Timor-Leste
Explore the corporate taxation system in Timor-Leste, covering key aspects such as tax rates, filing requirements, available tax credits, and the implications of non-compliance. …
Understanding Personal Income Tax Regulations in Timor …
Timor-Leste employs a progressive tax system for individual taxpayers, meaning that income tax rates increase as income levels rise. Understanding the specific tax brackets …
Autoridade Tributária Timor-Leste – ATTL
Timor-Leste source services to be exempt from the withholding tax regime of section 81 . l. the beneficiary or the payer must, among other things. show that it meets any or all of the following specific requirements: . that the payment is not an income under any applicable Timor-Leste taxation laws and or
Deloitte | tax@hand
Taxpayers operating in the JPDA therefore need to ensure compliance with the tax rules in both Timor-Leste and Australia. Taxation in Timor-Leste. Certain taxpayers will be liable for taxation under more than one tax regime in Timor-Leste. This will usually be the case where their activities fall within the petroleum and non-petroleum sectors.
Timor-Leste
Timor-Leste has a tax treaty with Portugal only. 3. Legal Regime Transparency of the Regulatory System. ... The new regime applies to all arbitration proceedings based in Timor-Leste, whether domestic or international, as well as the confirmation and enforcement of arbitral awards rendered in another country, without prejudice to the provisions ...
Timor Leste – League of Lawyers
Miguel Paixão Associate Lawyer, CRA Timor. Lawyer with vast multidisciplinary professional experience that currently focuses his practice in the areas of Corporate, Commercial and Tax Law, with the monitoring of foreign investments in Portugal, planning and issuing tax opinions, application of the Participation Exemption, Tax Benefits regime, interpretation and application …
TAX CASES IN DILI COURT: Errors Made by Courts
Bayu-Undan Contractors –Tax Law Regime 8 •The majority of the Plaintiffs in the tax cases are Contractors in the Bayu-Undan field of the JPDA, so its tax treatment by Timor-Leste is subject to a Tax Stability Agreement between the Government of Timor-Leste and the Bayu-Undan Contractors. •Under the Tax Stability Agreement, the Bayu-Undan
An Overview of the Tax System in Timor-Leste
Explore the tax system in Timor-Leste, including its evolution since independence, types of taxes, individual and business tax obligations, and the role of the Tax Authority. Understand the challenges and recent reforms aimed at improving tax compliance and …
Structure of the IX Constitutional Government « Government of Timor-Leste
Minister of Foreign Affairs and Cooperation Bendito dos Santos Freitas. The Minister of Foreign Affairs and Cooperation is responsible for the policy's design, implementation, coordination and evaluation, defined and approved by the Council of Ministers for foreign policy and international cooperation, consular functions and the promotion and defence of the interests of Timorese …
Autoridade Tributária Timor-Leste – ATTL
Domestic Tax Forms. Monthly Domestic Tax Forms; Annual Domestic Tax Forms; Application Domestic Forms; Petroleum & Mineral Forms. ... Timor-Leste. E-Service: (+670)74002291, (+670)74002293, E-Request (CERTIDÃO DIVIDAS (CD): (+670) 74002078, +67074002077 . [email protected]. Domestic Tax. Income Tax Wage Income Tax Witholding Tax Income Tax ...