DT6517 - DT: Egypt: double taxation agreement, Article 18: Pensions

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