Pensions and similar remuneration taxable only in the resident State, with annuities defined as periodic payments for consideration.

Pensions and similar remuneration paid to a resident of a Contracting State are taxable only in that State, subject to Article 19(2); an annuity is defined as a stipulated periodic sum payable during life or a specified period when paid in return for adequate and full consideration in money or money's worth.

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