Article 18 - Pensions and annuities - Austria

ARTICLE 18 PENSIONS AND ANNUITIES (1) Any pension, other than a pension referred to in Article 19, or any annuity derived by a resident of a Contracting State from sources within the other Contracting State shall be taxable only in the first-mentioned Contracting State. (2) The term pension means a periodic payment made in consideration of past services or by way of compensation for injuries received in the course of performance of services. (3) 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.