https://www.taxtmi.com/acts?id=6117 Article 13 grants the source state exclusive taxation of royalties paid to residents of the other Contracting State; it provides a broad definition of royalties covering payments for use of intellectual property, equipment and technical information while excluding amounts related to extraction operations. Cinematographic film receipts are taxable only in the source state under its laws. Founders' shares issued in the United Arab Republic as consideration for listed rights and taxed under the specified domestic law fall outside this article, and a royalty is deemed to arise where the payer is the state, a political subdivision, a local authority or a resident. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 09 Dec 2024 12:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6117 Article 13 grants the source state exclusive taxation of royalties paid to residents of the other Contracting State; it provides a broad definition of royalties covering payments for use of intellectual property, equipment and technical information while excluding amounts related to extraction operations. Cinematographic film receipts are taxable only in the source state under its laws. Founders' shares issued in the United Arab Republic as consideration for listed rights and taxed under the specified domestic law fall outside this article, and a royalty is deemed to arise where the payer is the state, a political subdivision, a local authority or a resident. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6117