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 18

Pensions and Other Similar Remuneration

(1) Subject to the provisions of paragraph (2) of Article 19, any pensions and other similar remuneration paid to a resident of a Contracting State in respect of past employment shall be taxable only in that State.

(2) Subject to the provisions of paragraph (1) of this Article, pensions and other similar remuneration paid under the legislation on social security of a Contracting State shall be taxable only in that State.

(3) The contents of paragraphs (1) and (2) of this Article shall not affect the provisions of the law of a Contracting State in respect of the tax exemption of retirement pensions.