Law No. 8/2005 on petroleum taxation.

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.