Pensions tax allocation: resident pensions taxed in state of residence; public social security scheme benefits taxed by scheme operator.

Pensions and similar remuneration paid to a resident for past employment are taxable only in the State of residence, subject to Article 20(2). However, pensions and payments made under a public social security scheme of a Contracting State, or its political subdivisions or local authorities, are taxable only in the State that operates that public scheme.

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