Non-government pensions and annuities taxable only in the resident state; definitions of pension and annuity clarified. Pensions (other than those in the preceding article) and annuities derived by a resident of one Contracting State from sources in the other Contracting ... Summary
Non-government pensions and annuities taxable only in the resident state; definitions of pension and annuity clarified.
Pensions (other than those in the preceding article) and annuities derived by a resident of one Contracting State from sources in the other Contracting State may be taxed only in the resident State. "Pension" means a periodic payment made in consideration of past services. "Annuity" means a stated sum payable periodically during life or for a specified period, under an obligation to make payments in return for adequate and full consideration in money or money's worth.
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