Non-government pensions and annuities receive exclusive residence-state taxation when derived from sources in the other contracting state. Article 19 grants exclusive taxing rights over non-government pensions and qualifying annuities to the recipient's Contracting State of residence when the ... Summary
Non-government pensions and annuities receive exclusive residence-state taxation when derived from sources in the other contracting state.
Article 19 grants exclusive taxing rights over non-government pensions and qualifying annuities to the recipient's Contracting State of residence when the income arises from sources in the other Contracting State. It excludes pensions covered by Article 18. A pension is a periodic payment for past services or compensation for service-related injuries. An annuity is a stated periodic payment for life or a specified or ascertainable period, payable for adequate and full consideration in money or money's worth.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.