CM
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Finland - UK Tax Treaty - Directors' Fee
Hello, Hope this message finds you well. I live and pay taxes in the UK. I receive some income from Finland because I am a board member of a Finnish company. The income is taxed in Finland at a rate of 35.0% (tax at source). Do I read the UK-Finland tax treaty correctly that the income is NOT taxed in the UK? Per Article 17 of the tax treaty: "Directors' fees and 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 other state." If I have misunderstood this (i.e., the income will also be taxed in the UK), how much can I claim tax relief? Thank you very much for your help.