Article 19 - Non-governmental pensions - Bangladesh

ARTICLE 19 NON-GOVERNMENTAL PENSIONS (1) Any pension other than pension to which paragraph (1) of Article 20 applies and any annuity derived from sources within a Contracting State by an individual, who is a resident of the other Contracting State, shall be taxable only in the first-mentioned Contracting State. (2) The term pension as used in Article 20 and this Article means periodic payments made in consideration for services rendered or by way of compensation for injuries received. (3) The term annuity as used in paragraph (1), 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 payment in return for adequate and full consideration in money or money's worth.