efficient taxation regime in timor leste in

efficient taxation regime in timor leste in

Timor Leste   state.gov

Timor Leste state.gov

Since gaining independence in 2002, the Government of Timor Leste has welcomed foreign investment and business development opportunities. Plagued by conflict and turmoil in the first decade of its formative period, Timor Leste has emerged as a democracy and has experienced sustained peace and stability since 2008.

PPT   The External Investment Regime in Timor Leste

PPT The External Investment Regime in Timor Leste

Nov 18, 2014Download Presentation The External Investment Regime in Timor Leste An Image/Link below is provided (as is) to download presentation. Download Policy Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.

Taxation  Timor Leste Ministry of Finance

Taxation Timor Leste Ministry of Finance

Excise Tax When Excise Tax is Imposed Excise tax is imposed on excisable goods removed from a warehouse by a registered manufacturer for consumption in Timor Leste, or imported into Timor Leste. Excisable Goods There is excise tax only for 10 items Beer

1. Progress and propaganda in Timor Leste Visions of the

1. Progress and propaganda in Timor Leste Visions of the

31 1 . PROGRESS AND PROPAGANDA IN TIMOR LESTE This was wishful thinking, for a year later the imminent threat posed by republicanism to indigenous rulers (both regulos and village level chefes de suco) and a sharp increase in the head tax contributed to a major armed uprising in Manufahi district that was taken up in a number of other

Introduction to the Laws of Timor Leste The Law of

Introduction to the Laws of Timor Leste The Law of

USAID The Asia Foundation Timor Leste Education Project Timor Leste Timor Leste Stanford Law School 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

mining taxation regime in east timor   3sautorijschool.nl

mining taxation regime in east timor 3sautorijschool.nl

East Timor Taxation In 2000, UNTAET issued a "Revenue System for East Timor," providing the basis for a tax regime. It largely adopted the Indonesian Income Tax Law with some modifications. East Timor's tax system is designed to tax business profits and "designated passive" income.

CRA Timor Newsletter   January, February and March 2017

CRA Timor Newsletter January, February and March 2017

further to development of the Country of Timor Leste. Rui Botica Santos and Hugo Pinheiro Ferreira are the Authors of the very rst Tax Law Manual of Timor Leste. CRA Timor has been dealing with high prole Clients in Taxation Matters in Timor Leste for the past years and through our practice we understood the need for detailed and extensive

mining taxation regime in east timor   prestigeinterio

mining taxation regime in east timor prestigeinterio

mining taxation regime in east timor rcbrahmavarta.co A new mining code for Timor Leste Mining The Timor Leste Mining Code clarifies, in line with the country's constitution, fees, general corporate income tax will also apply to mining ventures.

Timor Leste Bele Efficiency in public spending   study

Timor Leste Bele Efficiency in public spending study

Mar 25, 2014study case of timor leste Basilio Ribeiro de Carvalho Soares The budget execution of the government of Timor Leste for the fiscal year 2011, 2012 and 2013 respectively have shown that the amount of the expenditures incurred are greater than the revenues received during for the each fiscal year (Annual Audited Financial Report Ministry of Finance 2011, 2012, and crystal Report 2013).

Timor Leste (formerly East Timor) Tax and Investment Guide

Timor Leste (formerly East Timor) Tax and Investment Guide

Timor Lestes 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.

Timor Leste Oil and Gas Upstream Fiscal and Regulatory

Timor Leste Oil and Gas Upstream Fiscal and Regulatory

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   Significant developments in corporate taxation

Timor Leste Significant developments in corporate taxation

The Boundary Treaty will result in the former Joint Petroleum Development Area (JPDA), as well as territory covering a number of non JPDA fields (e.g. Buffalo, parts of Greater Sunrise), falling under exclusive Timor Leste control. As a result Timor Lestes taxing rights in relation to the effected upstream activities will be increased.

Timor Leste Highlights 2013   Deloitte US

Timor Leste Highlights 2013 Deloitte US

Application Wage income tax (WIT) is a final withholding tax and applies to taxable wages received by an employee in respect of employment exercised in Timor Leste. In the case of an employee of the Government of Timor Leste, wage income tax applies whether the employment is exercised in Timor Leste or elsewhere.

Delivery Prosperity to the Timor  Leste   ANPM

Delivery Prosperity to the Timor Leste ANPM

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

TIMOR LESTE   pubdocs.worldbank

TIMOR LESTE pubdocs.worldbank

Government expenditure slowed to date in 2017 and is 12 percent lower in the first half year on year. overall the first half 2017 government accounts were in surplus of around 36 percent of GDP, although this is likely to deteriorate as expenditure nearly always accelerates rapidly in the second half of the year. BALANCING ACT TIMoR LESTE 151

Timor Leste   Other corporate tax issues   PwC

Timor Leste Other corporate tax issues PwC

Special tax regime for Production Sharing Contracts (PSCs) within the Boundary Treaty. On 6 March 2018, Timor Leste and Australia signed the Boundary Treaty (though not yet ratified) effectively replacing the agreements that resulted in the Joint Petroleum Development Area (JPDA).

Timor Leste   PwC Audit and assurance, consulting and tax

Timor Leste PwC Audit and assurance, consulting and tax

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

Timor Leste Investment Guide   ey

Timor Leste Investment Guide ey

Timor Lestes has a very competitive tax regime, with corporate tax, customs duties and indirect tax rates that are lower than in comparable countries in the 9kaY%HY[a[ j] agf 9\\alagfYddq$ afn]klgjk `Yn] Y[kk to tax incentives that can further reduce the total tax burden. Even though regional competitiveness is likely to be

Timor Leste goes to court to protect tax revenue

Timor Leste goes to court to protect tax revenue

..timor leste.gov.tl March 19, 2013 Dli, Timor Leste Timor Leste goes to court to protect tax revenue This week is a milestone for Timor Leste. The Dli District Court will be the scene for a legal case which will mark the first time in history Timor Leste has defended its

Timor Leste Upstream Fiscal and Regulatory Report Maritime

Timor Leste Upstream Fiscal and Regulatory Report Maritime

Timor Lestes 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.

Taxation  East Timor   Austrade, Australian Government

Taxation East Timor Austrade, Australian Government

Taxation. All businesses operating in Timor Leste must obtain a Tax Identification Number. Timor Leste levies income; services; petroleum; import duty; sales and excise taxes. Information about taxation is available from the Timor Leste Ministry of Finance.

Taxation in Timor Leste   laohamutuk

Taxation in Timor Leste laohamutuk

Timor Leste. Mission Statement The Timor Leste Revenue Service is responsible for the collection of taxes, in accordance with the law and the Government policy, to enable the future development of Timor Leste. The TLRS commits to carry out its mission by providing high quality service, honesty, transparency, integrity and

Timor Leste Prepares for New Government and Opportunities

Timor Leste Prepares for New Government and Opportunities

Aug 09, 2017In July, Timor Leste held its 4th parliamentary election, heralding in a new government, and potentially new leadership both within key ministries and at the prime ministerial level. Such leadership changes come at a critical time for the oil dependent island nation, with warnings that if it doesnt diversify its economy beyond oil extraction, the countrys petroleum wealth fund may be

Timor Leste   doingbusiness

Timor Leste doingbusiness

Figure Starting a Business in Timor Leste Procedure, Time and Cost *This symbol is shown beside procedure numbers that take place simultaneously with the previous procedure. Note Online procedures account for 0.5 days in the total time calculation.

mining taxation regime in east timor   prestigeinterio

mining taxation regime in east timor prestigeinterio

mining taxation regime in east timor rcbrahmavarta.co A new mining code for Timor Leste Mining The Timor Leste Mining Code clarifies, in line with the country's constitution, fees, general corporate income tax will also apply to mining ventures.

Fiscal Reform  Timor Leste Ministry of Finance

Fiscal Reform Timor Leste Ministry of Finance

The Fiscal Reform Commission (FRC) was established by the 6th Constitutional Government to help Timor Leste secure its future by having diverse sources of stable revenue. The FRC is not a political body, but a technical one.

Practical tax considerations for service providers

Practical tax considerations for service providers

tax rules in both Timor Leste and Australia. This article discusses some practical tax considerations for service providers operating in the JPDA and Timor Leste. Taxation in Timor Leste Certain taxpayers are liable for taxation under more than one tax regime in Timor Leste,

Timor Leste Bele Efficiency in public spending   study

Timor Leste Bele Efficiency in public spending study

Mar 25, 2014study case of timor leste Basilio Ribeiro de Carvalho Soares The budget execution of the government of Timor Leste for the fiscal year 2011, 2012 and 2013 respectively have shown that the amount of the expenditures incurred are greater than the revenues received during for the each fiscal year (Annual Audited Financial Report Ministry of Finance 2011, 2012, and crystal Report 2013).

Timor Leste   doingbusiness

Timor Leste doingbusiness

Figure Starting a Business in Timor Leste Procedure, Time and Cost *This symbol is shown beside procedure numbers that take place simultaneously with the previous procedure. Note Online procedures account for 0.5 days in the total time calculation.

Taxes  Government of Timor Leste

Taxes Government of Timor Leste

The official Timor Leste government website, Taxes. Law N. 8/2008, Published in Jornal da Repblica of 30th July 2008, Srie I, N.26 (Translated version.