The basis of royalty payments in universities and the situation arising as a result of requesting recording to circulating capital

Abstract

In universities, royalties are paid in return for financial rights arising from the intellectual and artistic works of academic staff. There are different regulations on which these payments are based. In the Higher Education Law, it is stated in which cases royalties will be recorded as income in the circulating capital. In this case, royalty fees which are deducted in terms of income and value added tax, are subject to high deductions applied to circulating capital income. In order to avoid such a situation, what has been done in practice and what needs to be done are discussed.