Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Law No. 8/2005 on petroleum taxation.

Country/Territory
Timor-Leste
Document type
Legislation
Date
2005
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Oil Access-to-information Authorization/permit Concession Tax/levy
Geographical area
Asia, Asia and the Pacific, Indian Ocean, Least Developed Countries, Small Island Developing States, South-Eastern Asia
Entry into force notes
This Law enters into force on the day following the date of its publication in the Official Gazette.
Abstract

This Law is composed of 26 articles divided in seven Chapters. It sets out a specific taxation regime for petroleum activities. It applies to petroleum activities authorized and regulated under Timor-Leste’s Law on Petroleum Activities. This Law applies to the territory of Timor-Leste, including its territorial sea, and to its exclusive economic zone and continental shelf where, by international law, Timor-Leste has sovereign rights for the purposes of exploration for and exploitation of its natural resources. It applies to the Joint Petroleum Development Area, other than the area covered by the Production Sharing Contracts described in Annex F to the Timor Sea Treaty. The Minister responsible for finance shall make regulations for the effective carrying out of the provisions of this Law.

Full text
English
Website
www.eastimorlawjournal.org