mining taxation regime in east timor

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Mining Sector Diagnostic (MSD) - World Bank

The Mining Sector Diagnostic (MSD) is a diagnostic tool that is used to comprehensively assess a country's mining sector. The tool analyzes primary data (the country's documented laws, rules and regulations) and interview data (from in-country interviews with stakeholders from government, industry, and civil society) to clearly identify the mining sector's relative strengths and weaknesses.

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Chrystia Freeland: Canada doesn't engage in "regime change"

It may walk and quack like a regime-change-promoting duck, but Ottawa's unilateral sanctions and support for Venezuela's opposition is actually just a cuddly Canadian beaver, says Chrystia Freeland. "Canada has never been an imperialist power. It's even almost funny to say that phrase: we've been the colony," said the journalist turned politician after a Toronto meeting of foreign ...

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Tanzania - United States Department of State

Tanzania is a member of the EAC, which signed a 2008 Trade and Investment Framework Agreement (TIFA) and a 2012 Trade and Investment Partnership (TIP) with the United States. Under the U.S.-EAC TIP, the U.S. and EAC are seeking to expand trade, investment, and dialogue with the private sector. 3.

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Public Disclosure Authorized

thus, in line with vital needs, the proposed project will provide support to two key government divisions involved in overseeing petroleum sector development: (1) the timor sea office (tso) in the office of the prime minister; and (2) the ministry of planning and finance (mopf), specifically, the timor sea tax division (tstd) and, separately, a .

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East Timor to Seek Legal Action Against ConocoPhillips - VOA

July 12, 2012 10:30 AM Kate Lamb JAKARTA — The tiny half-island nation of East Timor says it will seek legal action against the U.S. mining giant ConocoPhillips for unpaid mining taxes. The East...

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In brief: mining rights and title in East Timor - Lexology

May 20, 2022the state is entitled to participate in mining activities through the national mining company, either in cooperation with private entities, up to a maximum of 30 per cent participating interest, or...

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Bishop blames lifting of Philippine mining ban on polls

However, Manila apostolic administrator Bishop Broderick Pabillo believes lifting the ban was not for the people but was fueled by a political agenda. "They [government officials] really need the money for elections. And these big mining firms are the ones giving away the money in exchange for getting permits," Bishop Pabillo said at a Mass on May 16.

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Market profile - East Timor - For Australian exporters

The economy of Timor-Leste is largely based on offshore oil and gas exploration in the Timor Sea. The Petroleum Fund was established to manage revenue transparency and sustainability, the fund was valued around US$16 billion. Declining oil production in Timor-Leste highlights the need for divestment in the economy.

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Thailand Imports from East Timor - TRADING ECONOMICS

Thailand Imports from East Timor - 2022 Data 2023 Forecast 2000-2020 Historical Thailand Imports from East Timor Thailand Imports from East Timor was US$120.16 Thousand during 2020, according to the United Nations COMTRADE database on international trade.

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Fiscal Regimes, Petroleum Contracts, and Natural Gas

Government usually owns minerals in the ground in both types. Each involves sharing of proceeds, but by different methods. Tax & Royalty • Investor meets all costs • Takes and sells 100% of production • Pays royalty ($ or physical) • Pays income tax on profit • Maybe indirect taxes - Import Duties, VAT • Maybe additional rent-capture mechanisms:

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East Timor President José Ramos-Horta pressures Woodside to pump gas to ...

Sep 7, 2022East Timor could become the next Dubai or Singapore if Australian resources giant Woodside agreed to pipe gas there instead of Darwin for processing, the island nation's President Jose Ramos ...

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Timor Sea Treaty between the Government of Australia and the Government ...

Timor's share of petroleum and income tax on petroleum production revenue that it would ... Australia and East Timor are to seek to agree on a joint fiscal regime. If agreement ... Article 7 of the Treaty requires Australia and East Timor to negotiate a Petroleum Mining Code to govern petroleum projects in the JPDA, as well as the export of ...

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BOOK REVIEW: A Narrative Of Denial - Australia And The Indonesian ...

It's a very different story today, with the ongoing court case involving Former Deputy Chief Minister of the Australian Capital Territory Bernard Collaery and Australia's bugging of the Timor-Leste cabinet offices during negotiations for a petroleum and gas treaty in the waters off Timor. Punishing the patriots: Australia, bugging and East Timor

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EU finalises DLT Pilot Regime - Linklaters

The EU's pilot regime for market infrastructures based on distributed ledger technology has now been finalised through a Regulation published in the EU's Official Journal. The regime is effectively a regulatory sandbox. It allows eligible firms to apply to operate a DLT-based trading facility and/or settlement system for financial ...

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East Timor warns Woodside over Sunrise gas project

Aug 15, 2022the albanese government wants greater sunrise developed as soon as possible, with gas processing at either east timor or darwin, to deliver royalties worth 70 per cent to 80 per cent or the...

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mining | nicholsoncartoons.au

2018-06-21 New mining boom Turnbull Trump Morrison Pyne Corman Bishop Frydenberg Free Trade Australian financial Review cartoon (more.) Mining tax repeal good old days of big profits high ore prices Business cartoon 2014-09-06 (more.) Mining Boom to Dining Boom Business cartoon 2014-07-26 (more.) Mining boom is over says Kevin Rudd 2013-09-07

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The UK Overseas Funds Regime | Linklaters

A short-term temporary marketing permissions regime (the "TMPR") will operate immediately after the end of the transition period to ensure that funds being marketed in the UK prior to that date can continue to access the UK market for a limited period, provided such funds notify the FCA of their wish to continue marketing under the TMPR.

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South America Mining Market Research Reports & Analysis page 1

According to the World Mining Data 2019, 6.6% of total global mining production originated from South America in that year. During the period 2000-2017, the production increased by 24.3% in the South American market.

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Australian spy case dropped by East Timor

Amanda Hodge. East Timor has agreed to drop its embarrassing espionage case against Australia as the two neighbours work towards negotiating a permanent maritime boundary in the Timor Sea by as ...

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Cuba Sales Tax Rate - VAT 2022 Data - 2023 Forecast - 2014-2021 ...

The Sales Tax Rate in Cuba stands at 20 percent. source: Minister of Finance and Prices 10Y 25Y 50Y MAX Chart Compare Export API Embed Cuba Sales Tax Rate - VAT In Cuba, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate.

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LH submission on draft Petroleum Regime - ETAN

The Timor Sea Office and Timor Sea Designated Authority have posted some of the submissions on their websites, but the list above is probably more complete. The East Timor Institute for Reconstruction Monitoring and Analysis 1a Rua Mozambique, Farol, Dili, Timor Lorosa'e P.O. Box 340, Dili, East Timor Tel: +670-3325013 or +670-723-4330

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6.1-magnitude quake strikes off East Timor, tsunami advisory issued ...

A A A 6.1-magnitude earthquake struck off the coast of East Timor on Friday, the US Geological Survey said. A tsunami advisory group said the earthquake "may be capable of generating a tsunami affecting the Indian Ocean region".

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Steve Bracks Timor-Leste: Australia needs to sort out its own border ...

AUSTRALIA can't lecture anyone on a solution for the South China Sea until it sorts out its own long-running sea border dispute with East Timor where $40 billion in oil and gas resources is in play.

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Mining Regulations and Mining Income Tax in Ethiopia

The business income tax rate applicable to a licensee or contractor is 25%.The rate of non-resident tax applicable to an amount paid by a licensee or contractor to a non-resident subcontractor is 20%. A deduction for expenditure to the extent incurred by a licensee in undertaking mining operations in a license area during a tax year is allowed ...

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Budget Relief Assistance and Mining Sector Reforms for Solomon Islands

WASHINGTON, November 30, 2021 - The World Bank's Board of Executive Directors has approved US$15 million in support for Solomon Islands' economic recovery from the pandemic, together with US$5 million for technical assistance for Solomon Islands to improve the regulation and implementation of key laws for better transparency in the mining ...

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China-Africa: Copperbelt key to the race for the 21st century

The DRC's tax revenues will plummet if Mutanda is closed; Glencore paid the government $626m in taxes from Mutanda in 2018. President Felix Tshisekedi's standing would be hit by the job cuts and the loss of revenues resulting from a two-year stoppage. Ex-president Joseph Kabila and allies still call the shots in the mining industry.

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Nepal GDP From Mining 2022 Data - 2023 Forecast - TRADING ECONOMICS

GDP From Mining in Nepal increased to 15905.47 NPR Million in 2020 from 14796.59 NPR Million in 2019. GDP From Mining in Nepal averaged 11650.64 NPR Million from 2010 until 2020, reaching an all time high of 15905.47 NPR Million in 2020 and a record low of 8524.79 NPR Million in 2010. This page provides - Nepal Gdp From Mining- actual values, historical data, forecast, chart, statistics ...

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Renewable mining: can mining clean up its carbon footprint?

According to Fleurence, the mining industry can drive down its energy costs by up to 25% for existing operations, and 50% for new mines which are specially designed to maximize renewable energy usage. He warns project owners must engage a long-term project reflexion over the life of mine: choosing renewables means choosing competitive energy ...

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Tanzania - United States Department of State

In February 2019, responding to low growth and investment in the sector, the government revised the 2018 Mining Regulations to reduce local ownership requirements from 51 percent to 20 percent. Currently, foreigners can invest in stock traded on the Dar es Salaam Stock Exchange (DSE), but only East African residents can invest in government bonds.

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Maximize Tax Credits, Minimize Time to Hire | First Advantage

Contact Us. Give us a call at. 844.718.0087. Mon-Fri 9am-5pm EST. OR. Email Us.

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Miners owe East Timor millions in unpaid taxes - ABC News

"As of today if they do not provide us all the justification, there's a potentiality of [it] going up to $3 billion," East Timor Finance Minister Emilia Pires has told Four Corners. A forensic audit of tax payments over the past 18 months has found what the government claims are multiple underpayments of tax by the resource companies.

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Comparative study of the mining tax regime for minerl exploitation in ...

Mining;mining tax regime;local content;mineral exploitation;fiscal regime;comparative study;rate of return for investor;mining industry;Environmental and Social Impact;normal return on capital;oil and gas export;top marginal tax rate;Oil and Gas Sector;exploration and mining license;series of policy changes;timing of tax collections;mining company;mining companies;corporate income tax ...

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Timor-Leste (formerly East Timor) Tax and Investment Guide 2009 - PwC

Tax and Customs' Regime for East Timor". Regulation 2000/12 was transitional in nature and levied an excise on the import, domestic production and the export of certain goods. Regulation 2000/12 had application from 8 March 2000. On 20 December 2000, UNTAET issued Regulation 2000/18 entitled "A Revenue System for East Timor".

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Namibia - United States Department of State

Namibia ranked as the best jurisdiction in Africa on its mining policy in a 2019 Fraser Institute survey. Namibia is also a member of the U.S. Department of State's Energy Resource Governance Initiative that seeks to promote sound mining governance and resilient energy mineral supply chains.

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The Rhetoric of Regime Change | Dissident Voice

The Rhetoric of Regime Change. by Kim Petersen and B.J. Sabri / May 21st, 2017. From the end of WWII until the present, the United States has been borrowing, inventing, or inverting terms to label other nations and their political systems. Eventually, the repertoire of politically motivated rhetorical gadgetries swelled to become a convenient ...

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Tax Alert - PwC

The second Income Tax (Amendment) (No.2) Bill, 2021 containing proposed changes to the tax law is currently before Parliament for discussion. Please find below our tax alert which summarises the proposed changes affecting the licensee in the petroleum industry. Required fields are marked with an asterisk ( * ) First name*. Last name*.

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East Timor seeks rights under international law - news

Australia also rejected claims that East Timor was pressured into signing the 2006 treaty, Mr Quinlan said, maintaining that East Timor in fact proposed deferring boundary delimitation in favour of a "creative solution". That solution had ensured billions of dollars had flowed to East Timor from resource development in the Timor Sea.

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Untaet Regulation No. 2000/12 on A Provisional Tax and Customs Regime ...

2.1 Every importer of goods into East Timor shall pay an import duty equivalent to five (5) per cent of the customs value of the goods. 2.2 The customs value shall be the transaction value of the goods, which includes cost, insurance and freight.

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East Timor - Wikipedia

East Timor was colonised by Portugal in the sixteenth century and was known as Portuguese ... specified by Articles 5 and 71 of the 2002 constitution to be governed by a special administrative policy and economic regime. Law 3/2014 of 18 June 2014 was created to implement this constitutional provision, which went into effect in January 2015 ...

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