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of <h1>Royalties Taxable Only in Source Territory Under DTAA; Excludes Natural Resource Operations</h1> Royalties received by a resident of one territory from sources in the other territory are taxable only in the latter territory. The term 'royalty' encompasses payments for the use of copyrights, artistic or scientific works, films, patents, models, designs, plans, secret processes or formulae, trademarks, and similar properties or rights. It excludes royalties related to the operation of mines, quarries, or other natural resources. This provision is part of the Double Tax Avoidance Agreement (DTAA) between the territories involved, aiming to prevent double taxation on income.
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