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 Annuities
(1) Pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State.
(2) Pensions, annuities and other recurring or non-recurring payments which are paid to any individual by a Contracting State, a Land, a political subdivision or a local authority thereof as compensation for an injury or damage sustained as a result of hostilities or political persecution shall be taxable only in that State.