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Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.

ARTICLE 19

Pensions and Life Annuities

(1) Pensions and other similar remuneration, as referred to in paragraph (2) of Article 19, paid to a resident of a Contracting State in consideration of past employment shall only be taxed in that Contracting State.

(2) Notwithstanding the provisions of paragraph (1) of this Article, pensions, and other similar remuneration paid under social security laws of a Contracting State, shall only be taxed in that State.