DT7318 - DT: France: double taxation agreement, Article 18: Pensions and purchased annuities

This agreement applies for periods before the new comprehensive agreement has effect (see DT7250).

(1) Subject to the provisions of paragraphs (1) and (2) of Article 19, any pension 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.