Article 18 - Pension and annuities - Swiss Confederation

ARTICLE 1 [18] PENSION AND ANNUITIES 1. Any pension (other than a pension referred to in Article 18) or annuity derived by a resident of a Contracting State shall be taxable only in that State. 2. The term pension means a periodic payment made in consideration of past employment or by way of compensation for injuries received in the course of the 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. ************** NOTES:- 1. Re-Numbered vide Notification No. 35 dated 07-02-2001 before it was read as, 17