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
(1) Directors' fees and other similar payments derived by a resident of a Contracting State in his capacity as a member of the board of directors of a company which is a resident of the other Contracting State may be taxed in that other State.
(2) Notwithstanding the provisions of Article 15 payments derived by a resident of a Contracting State in his capacity as managing director or as a member of a board of management of a company which is a resident of the other Contracting State may be taxed in that other State.