- 1
- Subject to the provisions of paragraph 2 of Article 19, pensions and other similar remuneration, whether or not of a periodical nature, arising in one of the States and paid to a resident of the other State in consideration of past employment or services may be taxed in the first-mentioned State, and any annuity arising in that State and paid to a resident of the other State may be taxed in the first-mentioned State.
- 2
- Any pension paid out under the provisions of a social security system of one of the States to a resident of the other State may be taxed in the first-mentioned State.
- 3
- The term "annuity" means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.
