Non-government pensions and annuities: taxable only in the recipient's state of residence, with defined meanings for pension and annuity. Article 20 stipulates that non-government pensions and annuities received by a resident from sources in the other Contracting State may be taxed only in the recipient's state of residence. It defines 'pension' as periodic payments for past services or compensation for service-related injuries and defines 'annuity' as a stated periodic payment for life or a specified period made in return for adequate and full consideration.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Non-government pensions and annuities: taxable only in the recipient's state of residence, with defined meanings for pension and annuity.
Article 20 stipulates that non-government pensions and annuities received by a resident from sources in the other Contracting State may be taxed only in the recipient's state of residence. It defines "pension" as periodic payments for past services or compensation for service-related injuries and defines "annuity" as a stated periodic payment for life or a specified period made in return for adequate and full consideration.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
