ning taxation regime timor leste

ning taxation regime timor leste

ZTT Mining Machine which mainly manufacture large and medium-sized crushing and grinding equipments was founded in 1987. It is a modern joint-stock corporation with research, manufacturing and sales together. The Headquarter is located in HI-TECH Industry Development Zone of Zhengzhou and covers 80000 m ². Another workshop in Shangjie Industry Park covers 67000 m ². Over the more than 30 years, our company adheres to modern scientific management system, precision manufacturing, pioneering and innovation. Now ZTT Mining Machine has become the leader in domestic and oversea machinery manufacturing industry.

Brunei Darussalam Tax Profile - KPMG

Special tax regimes for specific industries or sectors Act 1963. This legislation follows the Special legislation exists in respect of income from petroleum operations, which is taxable under the Income Tax (Petroleum) general pattern of most Middle East oil-producing countries. The petroleum tax rate is a fixed rate of 55 percent. Insurance companies (other than life companies), are taxed on

Chad - Individual - Taxes on personal income

An individual with residence in Chad is subject to personal income tax (PIT) on worldwide income. A non-resident individual in Chad is subject to PIT on the income stemming from activities in Chad. The taxable income is made up of work incomes and capital incomes. The work incomes (salaries, wages, benefits, emoluments and life annuities, industrial and commercial incomes, agricultural incomes

Autoridade Tributária Timor-Leste

Ekipa A.T realiza enkontru ho S.E Vice-Ministra Finansas Iha Loron 07 Agostu 2020 Komisária ho Ekipa Tékniku Autoridade Tributária enkontru ho S.E. Vice-Ministra Finansa hodi relata kona-ba Progresu SIGTAS V.3 no P24.

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 Beginning with Portuguese and Dutch traders in the early 16th Century the

Timor-Leste: A stable investment hub for Oil &

Timor-Leste is on the cusp of becoming a key player in the southern Pacific. Located on a key shipping route, there are numerous compelling reasons for Timor-Leste to be high up in the mind of any investor. It has identified areas needed for development, it has achieved the rare feat of

Timor-Leste Upstream Fiscal & Regulatory Guide,

Timor-Leste Upstream Fiscal and Regulatory Guide, presents the essential information relating to the terms which govern investment into Timor-Leste's upstream oil and gas sector. The report sets out in detail the contractual framework under which firms must operate in the industry, clearly defining factors affecting profitability and quantifying the state's take from hydrocarbon production

Taxation in Timor-Leste - La'o Hamutuk

• Timor Leste Petroleum Tax Regimes are unique for the following reasons: 1. Timor Sea Treaty with Australia within the JPDA sharing petroleum 90% to Timor Leste and 10% Australia. 2. Taxation of Bayu Undan Contractors Act specifically designed to encourage contractors to proceed to development. 3. Petroleum Taxation Act for future petroleum operations

Indirect tax | Deloitte Timor-Leste | GST, Goods

Indirect tax. VAT, GST Sales & Use Tax, and other transactional taxes are broadly based taxes on transactions, and liability will arise regardless of profitability. We can help with timely planning & the application of technology-based compliance management

Model PSC and Taxation - La'o Hamutuk

Fiscal regime Two components: 1. Model Production Sharing Contract (PSC) under the Petroleum Act (Timor-Leste) or Petroleum Mining Code (JPDA) 2. Income tax under the Petroleum Taxation Act • 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

Timor-Leste Oil and Gas Upstream Fiscal and

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

Autoridade Tributária Timor-Leste

Ekipa A.T realiza enkontru ho S.E Vice-Ministra Finansas Iha Loron 07 Agostu 2020 Komisária ho Ekipa Tékniku Autoridade Tributária enkontru ho S.E. Vice-Ministra Finansa hodi relata kona-ba Progresu SIGTAS V.3 no P24.

TIMOR-LESTE'S NEW PUBLIC ADVERTISING

TIMOR-LESTE'S NEW PUBLIC ADVERTISING LICENSING REGIME Published on April 27, 2017 April 27, 2017 • 26 Likes • 1 Comments

Autoridade Tributária Timor-Leste

Ekipa A.T realiza enkontru ho S.E Vice-Ministra Finansas Iha Loron 07 Agostu 2020 Komisária ho Ekipa Tékniku Autoridade Tributária enkontru ho S.E. Vice-Ministra Finansa hodi relata kona-ba Progresu SIGTAS V.3 no P24.

Timor-Leste Oil and Gas Upstream Fiscal and

20.02.2019· 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

Timor-Leste | Extractive Industries Transparency

02.10.2020· The tax regime applicable to petroleum activities depends on the jurisdiction area, but profit oil, first tranche petroleum, royalties and corporate income tax are the main levies. FTP is a form of royalty collected for Bayu-Undan only. Royalty was paid in relation to Kitan until it ceased operations in 2015. Profit oil and gas is applicable to both Bayu-Undan and Kitan fields. The Timor Sea

Oil and gas taxation in Timor-Leste - Deloitte US

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. The right to tax the remaining 10% of revenue or profit derived from the

South Korea postpones new crypto tax regime -

The South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022, according to Cointelegraph, which cited a Yonhap report. The planning and finance committee of South Korea's national assembly passed amendments to the country's tax laws on December 1 wherein a new cryptocurrency tax regime will come into effect in January 2022.

TIMOR-LESTE | AUTORIDADE NACIONAL DO

Timor-Leste Exclusive Area Law no. 4/2019 of 27 th august on Labour and migration special regime applicable to the bayu-undan project: English | Portuguese | Tetum: 3. Law No.5/2019 of 27 th august First Amendment of Law no. 8/2008, of 30 June 2008, Approving the Tax and Duties Act, First Amendment of Law no. 3/2003, of 1 July 2003, on the Taxation of Bayu-Undan Contractors and First

Timor-Lestè Tax and Investment Guide 2009

Current taxation regime On 25 June 2008, the Timor-Lestè parliament passed the Taxes and Duties Act (Law No.: 8/2008) (the "TDA"). The TDA has effect from 1 January 2008 for annual taxes and from 1 July 2008 for all other taxes. The TDA applies to the territory of Timor-Lestè including the JPDA (except for the Bayu-Undan and

Timor-Leste Details | Tobacco Control Laws

COMMENTS: Decree-Law No. 14/2016 of June 8 on the Tobacco Control Regime is the primary law governing tobacco control in Timor-Leste. It establishes smoke free places; restrictions on tobacco advertising, promotion and sponsorship; and basic requirements related to packaging and labeling.

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