DT4612 - Pensions: 1985 Amending

As from 6 April 1986 all pensions, including governmental and local authority pensions, are taxable only in the country of which the recipient is a resident. Pensions are defined in Article 17(3). Annuities may be taxed in both countries but the country in which the annuity arises may not charge tax exceeding 10 per cent of the portion which is subject to tax in that country (Article 17).