royalty
Tax Laws (Amendment) Act, 2024 - section 2
Legal Definition
From The Tax Laws (Amendment) Act, 2024 (section 2)
means a payment made as consideration for the use or the right to use- (a) any copyright of a literary, artistic or scientific work; (b) any software, proprietary or off-the-shelf, whether in the form of licence, development, training, maintenance or support fees; (c) any cinematograph film, including a film or tape for radio or television broadcasting; (d) any patent, trademark, design or model, plan, formula or process; (e) any industrial, commercial or scientific equipment; or (f) information concerning industrial, commercial or scientific equipment or experience, and any gains derived from the sale or exchange of any right or property giving rise to that royalty
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Aug 2025