background image
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 24

Pension Funds

Notwithstanding any provision of this Convention, except Article 23, income arising in a Contracting State that is derived by a resident of the other Contracting State mentioned in subparagraph (b) of paragraph (2) of Article 4 that has been accepted by the competent authority of the first - mentioned State as a pension fund generally corresponding to a pension fund recognised as such for tax purposes by that State, shall be exempt from tax in that State.