Common use of PENSIONS AND SIMILAR PAYMENTS Clause in Contracts

PENSIONS AND SIMILAR PAYMENTS. 1. Subject to the provisions of paragraph 2 of Article 19, pensions and other similar remuneration paid to a resident of a Contracting State shall be taxable only in that State. 2. Notwithstanding the provisions of paragraph 1, and the provisions of paragraph 2 of Article 19, pensions paid and other benefits, whether periodic or lump-sum compensation, granted under the social security legislation of a Contracting State or under any public scheme organised by a Contracting State for social welfare purposes shall be taxable only in that State.

Appears in 5 contracts

Samples: Convention for the Avoidance of Double Taxation, Convention for the Avoidance of Double Taxation, Convention for the Avoidance of Double Taxation

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PENSIONS AND SIMILAR PAYMENTS. 1. Subject to the provisions of paragraph 2 of Article 1919 (Government Service), 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. Notwithstanding the provisions of paragraph 1, and the provisions payments received by an individual, being a resident of paragraph 2 of Article 19a Contracting State, pensions paid and other benefits, whether periodic or lump-sum compensation, granted under the social security legislation of a the other Contracting State or under any public scheme organised by a Contracting State for social welfare purposes shall be taxable only in that other State. 3. Notwithstanding paragraph 1 of this Article, neither of the Contracting States shall be deprived of the right to tax its own citizens.

Appears in 2 contracts

Samples: Double Taxation Avoidance Agreement, Convention for the Avoidance of Double Taxation

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PENSIONS AND SIMILAR PAYMENTS. 1. Subject to the provisions of paragraph 2 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. 2. Notwithstanding the provisions of paragraph 1, and the provisions payments received by a resident of paragraph 2 of Article 19, pensions paid and other benefits, whether periodic or lump-sum compensation, granted a Contracting State under the social security legislation of a the other Contracting State or under any public scheme organised by a Contracting State for social welfare purposes shall be taxable only in that other State.

Appears in 1 contract

Samples: Double Taxation Agreement

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