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 ... Summary
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.
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