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A tax is a fee levied by a government (usually) on top of some sort of economic activity (e.g. sales tax, earned income).
A royalty is a charge levied by the owner of some good for the use of that good. (e.g. a radio station pays an artist or record label for the use of a song, or a mining company pays a landowner for the right to mine gold).
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What is the difference between rent and royalty?
Rent is the consideration payable for the use of tangible assets i.e. Building and machinery etc. Royalty is the consideration payable for the use of special right in a tangible or intangible asset.
What is the difference between income tax and service tax?
Income tax is the tax that is charged to your income that can be paid with the preparation of tax forms or is withheld from your paycheck. Service tax refers to the tax that is charged for services, like care repair.
What is the difference between a tax and a tariff?
Taxes are collected internally while tariffs are collected on imports.
What is the difference between property tax and real estate tax?
Real estate tax is applied to the residence in which you live and the land that it resides on. Property tax can extend to all personal property, which includes your residence as well as other things such as your car. Often however, these terms are used interchangeably.
What is the difference between goods ans service contract?
A contract for goods is about purchasing tangible items, such as apples. A contract for a services is about contracting for a service to be completed, such as tax preparation.
What is the difference between royalty today and middle ages royalty?
They are not the same now
What is the difference between a chancellor and an emperor?
Nothing, they are both royalty.
What is the difference between direct tax and non-direct tax?
difference b/w direct tax and indirect tax
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
What is the difference between 1040a tax forms and 1040ez tax forms?
The difference between 1040a tax forms and 1040ez tax forms is that it depends on if the person is a dependent or an independent person. It also matters on how much you make.
What is the difference between to days royalty and royalty from 1000 years ago?
Royalty now is almost always bound by a constitution limiting their power, and giving most power to an elected Parliament or Congress, whereas Royalty 1000 years ago generally had unlimited power.
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
Difference between the tax planning and tax avoidance?
Tax planning is legal while tax avoidance will get you into a lot of trouble
The benefits and causes of royalty tax?
non at all!
What is the difference between EIN tax id and federal tax id?
They are the same thing.
What is difference between direct tax and indirect tax?
the difference between a direct tax is one that must be paid directly to the government by the person on whom it is imposed and indirect tax is one first paid by one person but then passed on to another.
What is hotel tax for SC?
is there a difference between "hotel tax" and "sales tax"? If so, what is the "hotel tax" in SC? ( Myrtle Beach)
