Article 16 - Director fee and Remuneration of Top Level Managerial Officials - International Taxation - Income Tax

Article 16 - Director Fee Director fee and Remuneration of Top Level Managerial Officials As Per OECD Model Tax Convention - Director Fee 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. As per UN Model Tax Convention - Director Fee and Remuneration of Top Level Managerial Officials Article 16 of the United Nations Model Convention reproduces Article 16 of the OECD Model Convention except The UN Model Convention varies from the OECD Model convention in the Following aspect:- Remuneration of Top level Managerial Officials Salaries, wages and other similar remuneration derived by a resident of a Contracting State in his capacity as an official in a top-level managerial position of a company which is a resident of the other Contracting State may be taxed in that other State. [ Para 2 of Article 16 ]