What is royalty and is taxable ?

i agree with Mr. Mansoori

Intellectual Property Rights

I agree with everyone

Royalty is the payment made by way compensation for the use of assets (including intellectual properties) of other entities over a period of time.

Agree with the answer provided by Mr.Umer Tanveer.

A payment to an owner for the use of property, especially patents, copyrighted works, franchises or natural resources. A royalty payment is made to the legal owner of a property, patent, copyrighted work or franchise by those who wish to make use of it for the purposes of generating revenue or the tax-ability depends on the country law.

 

yes.taxable

a sum paid to a patentee for the use of a patent or to an author or composer for each copy of a book sold or for each public performance of a work is known as royalty. Taxability of Royalty: It totally depends on the countries to countries. For e.g. Incase of Dubai it is not taxable. Incase of India it may be taxable but on case to case basis

I think that there is no

 There are tax directly or indirectly on any royalty

 

I don't know