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