(1) Pensions and other similar payments‚ and annuities‚ arising in a Contracting State and
paid to a resident of the other Contracting State‚ may be taxed in the first-mentioned State.
(2) Notwithstanding the provisions of paragraph 1‚ payments received by an individual
who is a resident of a Contracting State from the statutory social security system of the
other Contracting State shall be taxable only in that other State.
(3) Notwithstanding the provisions of paragraph 1‚ recurrent or non-recurrent payments
made by one of the Contracting States or a political subdivision thereof to a person
resident in the other Contracting State for damages sustained as a result of war or political
persecution or of military or civil service (including restitution payments) shall be taxable
only in the first-mentioned State.
(4) The term ”annuities” means amounts payable periodically at stated times‚ for life or
for 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.