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After the government publishes a reliable translated text in English through an official gazette, we will incorporate the Authentic English Text here.

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2(56). "royalty" means consideration (including any lump sum consideration but excluding any consideration which is classifiable as income of the recipient under the head "Capital gains") for-

(a) transfer of all or any rights, including the granting of a licence, in respect of a patent, invention, model, design, mark or similar property;

(b) the imparting of any information concerning the working of, or the use of, a patent, invention, model, design, secret process or formula, or trade mark or similar property;

(c) the use of any patent, invention, model, design, secret process or formula, or trade mark or similar property;

(d) the imparting of any information concerning technical, industrial, commercial, or scientific knowledge, experience or skill;

(e) the transfer of all or any rights, including granting of a licence, in respect of any copyright, literacy, artistic or scientific work, including films or video tapes for use in connection with television or tapes for use in connection with radio broadcasting, but not including consideration for sale, distribution or exhibition of cinematograph films; or

(f) the rendering of any services in connection with any of the aforesaid activities;

 

Explanation 1. - For the purpose of royalty in respect of any right, property or information, it is not necessary that-

(i) the possession or control of such right, property or information is with the payer;

(ii) such right, property or information is used directly by the payer;

(iii) the location of such right, property or information is in Bangladesh.

 

Explanation 2.- For the removal of doubts, it is hereby clarified that the expression “process” includes transmission by satellite (including up-linking, amplification, conversion for down-linking of any signal), cable, optical fibre or by any other similar technology, whether or not such process is secret;