DT18067 - DT: Sweden: double taxation agreement, Article 18: Pensions and annuities

(1) Subject to the provisions of paragraph (3) of this Article and of paragraph (2) of Article 19, pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment and annuities may be taxed in the Contracting State where they arise. However, in taxing such pensions, remuneration and annuities a deduction of one- fifth of their amount shall be allowed by that State.

(2) Subject to the provisions of paragraph (3) of this Article and of paragraph (2) of Article 19, payments made under the social security legislation of a Contracting State may be taxed in that State.

(3) Pensions and other similar remuneration paid in consideration of past employment, annuities and payments under the social security legislation of a Contracting State paid to a resident of the other Contracting State shall be taxable only in that other State if the beneficial owner is a national of that other State.

(4) 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.