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of <h1>Directors' fees taxed in the country of the company's location under Double Tax Avoidance Agreement to prevent double taxation.</h1> Directors' fees and similar payments received by a resident of one Contracting State, when serving as a member of the Board of Directors of a company located in the other Contracting State, may be subject to taxation in the latter State. This provision is part of the Double Tax Avoidance Agreement between the two countries, aiming to prevent double taxation and fiscal evasion regarding directors' remuneration.
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