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Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.

ARTICLE 16

Directors' Fees

Directors' fees, attendance fees and other similar payments that a resident of a Contracting State receives in his capacity as member of the Board of Directors or a supervisory board of a company that is a resident of the other Contracting State, shall be taxable in that other State.