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<h1>Directors' Fees Taxed Where Company Resides Under Double Tax Avoidance Agreement Provisions</h1> Directors' fees and similar payments received by a resident of one Contracting State, while serving as a board member of a company located in the other Contracting State, are subject to taxation in the latter State. This provision is part of the Double Tax Avoidance Agreement between the involved countries, ensuring that such income is taxed where the company is resident, rather than where the board member resides.