Common use of DIRECTORS' FEES Clause in Contracts

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 or a similar organ or as a partner of a company which is a resident of the other Contracting State may be taxed in that other State. The preceding provision shall also apply to payments derived in respect of the discharge of functions which, under the laws of the Contracting State of which the company is a resident, are regarded as functions of a similar nature as those exercised by a person referred to in the said provision.

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 or a similar organ or as a partner of a company which is a resident of the other Contracting State may be taxed in that other State. The preceding provision shall also apply to payments derived in respect of the discharge of functions which, under the laws of the Contracting State of which the company is a resident, are regarded as functions of a similar nature as those exercised by a person referred to in the said provision.

DIRECTORS' FEES. 1. Directors' fees and other similar payments derived by a resident of a Contracting State territory in his capacity as a member of the board of directors or a similar organ or as a partner of a company which is a resident of the other Contracting State territory may be taxed in that other Stateterritory. The preceding provision shall also apply to payments derived in respect of the discharge of functions which, under the laws of in force in the Contracting State territory of which the company is a resident, are regarded as functions of a similar nature as those exercised by a person referred to in the said provision.

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 or a similar organ or as a partner body of a joint-stock company which is a resident of the other Contracting State may be taxed in that other State. The preceding provision provisions of this Article shall also apply to payments derived in respect of by persons for the discharge exercising of functions which, under the laws of the Contracting State of which the company is a resident, are regarded as functions of a similar nature as to those exercised by a person referred to mentioned in the said provisionpreceding paragraph.

DIRECTORS' FEES. 1. Directors' ’ fees and other similar payments derived by a resident of a one of the Contracting State States in his capacity as a member of the board of directors or a similar organ or as a partner of a company which is a resident of the other Contracting State may be taxed in that other State. The preceding provision shall also apply In relation to payments remuneration of a director of a company derived from the company in respect of the discharge of functions which, under the laws of the Contracting State of which the company is a resident, are regarded as day-to-day functions of a similar nature managerial or technical nature, the provisions of Article 15 shall apply as those exercised by a person referred if the remuneration were remuneration of an employee in respect of an employment and as if references to in “employer” were references to the said provisioncompany.

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 or a similar organ or as a partner of a company which is a resident of the other Contracting State may be taxed in that other State. The preceding provision provisions of this paragraph shall also apply to payments derived received in respect of the discharge of functions which, which under the laws of the Contracting State of which the company is a resident, resident are regarded treated as functions of a similar nature as those exercised performed by a person as referred to in the said provisionpreceding sentence.

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 or a similar organ or as a partner of a company which is a resident of the other Contracting State may be taxed in that other State. .The preceding provision shall also apply to payments derived in respect of the discharge of functions which, under the laws of the Contracting State of which the company is a resident, are regarded as functions of a similar nature as those exercised by a person referred to in the said provision.