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of <h1>Taxation Rights on Directors' Fees and Managerial Salaries Under Double Tax Avoidance Agreement Until March 31, 2012.</h1> Directors' fees and similar payments received by a resident of one Contracting State, as a board member of a company in the other Contracting State, may be taxed in the latter State. Similarly, salaries and other remuneration received by a resident of one State, serving in a top-level managerial position in a company located in the other State, may also be taxed in that other State. These provisions are part of the Double Tax Avoidance Agreement between the two States, applicable until March 31, 2012, underlining the taxation rights concerning directors and top-level managerial officials.
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