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ARTICLE 18

Pensions

(1) Subject to the provisions of paragraph (1) of Article 19, 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. This provisions shall also apply to life annuities paid to a resident of a Contracting State.

(2) Pensions and life annuities paid, and other periodical or occasional payments made by a Contracting State, in respect of insuring personal accidents, may be taxed in this State.