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Zambia mining group urges single royalty to boost ...

Jun 18, 2015· Zambia's government set the royalty tax rate for open cast and underground mining at 9 percent in April, rowing back from earlier plans to charge as much as 20 percent. However, the state said on June 5 that it would cut mineral royalties for underground mines to 6 percent because underground mining was more expensive than open cast mining.

Mongolia - Corporate - Income determination

Jun 28, 2021· A special 5% rate applies on interest income of an investor who purchased debt instruments of a local entity (not holding mineral resources, oil exploration, and mining special licenses) traded in local and international stock markets. Rental income. Rental income is included in taxable income for tax determination. Royalty income

Timor-Leste .:. Sustainable Development Knowledge Platform

1. Timor-Leste's achievements as the newest country in Asia are underpinned by its commitment to reconciliation, inclusion and democracy. Emerging from Portuguese colonial administration and Indonesian occupation, the nation restored independence in 2002, amid a state of ruins where basic services and institutions were burnt to ashes.

Royalty Rates for Licensing Intellectual Property ...

Royalty Rates for Licensing Intellectual Property includes critical information on financial theory, rules of thumb, industry guidelines, litigation based royalty rates, and tables of actual rates from real deals for different industries.

Timor-Leste opens second-ever licensing round - Energy ...

Oct 04, 2019· Timor-Leste has spent US$23 million on aerial gravity and magnetic surveys already. The round ends October 2020 with candidates chosen by December 4, 2020. To drive interest the ANPM will be conducting a roadshow through Houston, London, Singapore and the Australasian Oil and Gas convention in Perth next year.

Oil and gas taxation in Australia Deloitte taxation and ...

2.2 Rates 1 2.3 Taxable income 1 2.4 Revenue 1 2.5 Deductions and allowances 1 ... Development Area ("JPDA") between Australia and Timor-Leste. 2.0 Corporate income tax 2.1 In general ... • obtaining mining information relating to the presence, absence or extent of petroleum reserves in an area.

A new Mining Code for Timor-Leste - La'o Hamutuk

After two more years of closed-door discussions and revisions, Timor-Leste's draft Mining Code was approved by the Council of Ministers on 9 August 2016 and celebrated in a government press release the following week, and by the Miranda Law firm which helped draft the law. Hafoin tinan rua tan diskusaun segredu no revizaun, iha loron 9 ...

Mining in Timor-Leste: Business Report 2021

TIMOR-LESTE MINING PORTER FIVE FORCES ANALYSIS. 6. TIMOR-LESTE ECONOMY NEWS AND ANALYSIS DIGEST *Please note that Mining in Timor-Leste: Business Report 2021 is a half ready publication. It only requires updating with the help of new data that are constantly retrieved from Publisher's databases and other sources. This updating process takes 3 ...

Timor-Leste Upstream Fiscal and Regulatory Guide, 2020:

Feb 07, 2020· Timor-Leste is hosting a licensing round (contract signature planned for January 2021) to attract new exploration investment to counter the decline in production from the Bayu-Undan field, the ...

Timor-Leste - Corporate - Withholding taxes

Aug 24, 2021· Payments of Timor-Leste-source income made by a resident to a non-resident are subject to WHT at 10%. Timor-Leste has entered into a double taxation treaty (DTT) with Portugal (although elements of DTT relief are also embedded in the Timor Sea Treaty [TST], see Taxation of petroleum operations in the Other issues section ).

Afghanistan's mineral wealth a challenge to tap - Asia Times

Sep 02, 2021· Afghanistan's mineral wealth a challenge to tap. It is estimated a minimum of seven to 10 years will be needed for large-scale mining to be a new source of revenue. In this photo taken on June 20, 2018, an Afghan laborer works at a chalk factory on the outskirts of Mazar-i-Sharif. Afghanistan is a long way from making money from its mineral ...

Timor-Leste | Extractive Industries Transparency Initiative

Feb 10, 2021· ANPM is responsible for managing and regulating petroleum and mining activities in Timor-Leste. This agency was created under Decree Law No. 1/2016 on 9 February 2016. 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.

Withholding Tax – Autoridade Tributária Timor-Leste

The withholding tax rate for income paid to non-residents without a permanent establishment in Timor-Leste is 10%. Rent Payments: payer withholds the tax, unless payer of rent is an individual All rent payments are subject to withholding tax which is required under the law to be withheld and remitted by the payer (Section 55, Taxes and Duties Act).

Upstream fiscal systems in brief Report | Wood Mackenzie

Sep 17, 2021· The upstream fiscal systems in brief provides our opinion and analysis on the latest stories and trends related to upstream petroleum fiscal systems. We report on four main themes: fiscal disruption that impacts existing assets, fiscal evolution where changes that affect new licences, details and implications of ongoing discussions and biddable ...

Mining & Metals Sector Coverage For Emerging Markets | EMIS

Largest Mining & Metals companies in EMIS Total Operating Revenue. Unit: Thousands (USD). 1 China Railway Group Limited () (China) (Mining, Quarrying, and Oil and Gas Extraction) - (975,764,949); 2 CITIC Limited () (Hong Kong SAR, China) (Mining, Quarrying, and Oil and Gas Extraction) - (552,949,000)

Subscribe now - Mining Journal - The latest news from ...

Subscribe today. Mining Journal is the industry's leading source of intelligence for global mining investment, finance and business. A Mining Journal subscription includes news, exclusive ...

Timor-Leste | Oxford SWF Project

Oct 08, 2010· Posts about Timor-Leste written by Ashby Monk. Ashby Monk. A couple of weeks ago, a reader sent me a hard to believe story about an attempt to scam Timor Leste's Petroleum Fund out of $1.2 billion. At the time, I was too busy to pay much attention, but I've now had an opportunity to go through some of the materials, and it really is a fascinating case study of the importance of good ...


May 30, 2009· The Fiscal Framework • PSC fiscal terms: – Identical rules for Timor-Leste and JPDA – First 5% of production revenues are allocated to the TSDA and Timor-Leste – Contractor recovers costs from 95% of revenues remaining – Eligible unrecovered costs are allowed an annual "Uplift" (equal to long term bond rate + 11%)

United Nations Framework Convention on Climate Change

Geographically, Timor-Leste CTL) is located at the eastern end of the Lesser Sunda archipelago, between latitudes 8'IS and south and longitudes 124'SO and 12730 east. Timor-Leste occupies the eastern half Of Timor Island and 'nc'udes an enclave with n the Indonesian province of West (Timor-Kupang). To the north, TL is met by the Sawu Sea

RoyaltyStat: Royalty Rates for Intangible Assets ...

Over 16,500 royalty rates based on net sales from license agreements for intangible assets, covering 194 countries and 10 GCIS sectors dating back over 65 years. Each royalty rate is accompanied by normalized contractual terms of the agreement and licensed patent numbers (where applicable) to facilitate quantitative analysis.

What Are The Major Natural Resources Of Timor-Leste ...

Feb 27, 2019· Timor-Leste, more commonly referred to as East Timor, is an Asian nation rated as a low-income country by major financial institutions such as the World Bank. In 2017, the Timorese GDP was $2.955 billion which was the 59th highest in the world according to estimates from the World Bank. The Timorese economy is dependent on its natural resources such as natural gas, crude oil, and …


Guide G07 (Ver. 01.12.09) Withholding Tax National Directorate of Domestic Tax Page 2 of 6 Royalties Where a legal person (i.e. companies, partnerships, non-incorporated associations, etc.) pays royalties to a resident person or a Timor Leste permanent establishment of a non-resident person they are required to withhold tax from the gross amount of the royalties paid at the rate of 10%.

East Timor - Special Issues - Oil

The royalty split was projected to be 85:15 percent in East Timor's favour. This precipitated a rather optimistic projections for the annual economic growth rate of 15 percent for nine years by the World Bank mission in East Timor (Soesantro 2001:88).

Timor-Leste - Humanitarian Data Exchange

Updated Live | Dataset date: January 01, 2019-September 23, 2021. This dataset updates: Live. Live list of active aid activities for Timor-Leste shared via the International Aid Transparency Initiative (IATI). Includes both humanitarian and development activities.

International Minerals Statistics and Information

Minerals Yearbook (Volume III. -- Area Reports: International)Listed below are chapters from the Minerals Yearbook (Volume III. -- Area Reports: International). These annual reviews are designed to provide timely statistical data on mineral commodities in various countries. Each report includes sections on government policies and programs, environmental issues, trade and

Overview of upcoming bid round TSDA

– Identical rules for Timor-Leste and JPDA – First 5% of production revenues are allocated to the TSDA and Timor-Leste – Contractor recovers costs from 95% of revenues remaining. – Eligible unrecovered costs are allowed an annual "Uplift" (equal to long term US bond rate + 11%) The Fiscal Framework

How would increasing royalty rates impact the US Gulf of ...

Mar 15, 2021· We expect more fiscal and regulatory policy changes to follow after a review of the federal oil and gas leasing program is released in the summer. This insight quantifies the impact of a potential increase to the royalty rate of unleased blocks. We have stress-tested post-tax rate of return (IRR) at royalty rates ranging from the current rate ...

Senegal upstream fiscal summary Report | Wood Mackenzie

May 08, 2019· Report summary. Senegal's upstream industry is governed by the 2019 Petroleum Code. The previous 1998 code was aimed at stimulating exploration in Senegal's then unproven basins. However, with exploration successes resulting in the discoveries of SNE and Tortue, the latest petroleum code represented a shift in favour of the state.

Timor-Leste upstream fiscal and regulatory guide

Jan 31, 2020· Fiscal framework. Upstream oil and gas operations in Timor-Leste are governed by PSAs. Royalties are payable at a rate of 5% on gross production, and the remaining production is available for cost recovery. After the deduction of royalties and cost recovery, the production is shared between the licensee and the state, with the state receiving ...

Greenland - Corporate - Taxes on corporate income

May 27, 2021· Nonetheless, the model licence terms for upcoming rounds in Baffin Bay contain surplus royalty levels of 7.5%, 10%, and 12.5% at 35%, 45%, and 55% internal rates of return, respectively. In other words, royalty levels are likely to differ between licences and should therefore be scrutinised. Mining companies