Article 18 - Non-Government persons - Turkey

ARTICLE 18 NON-GOVERNMENT PERSONS 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 for his past employment may be taxed only in the first-mentioned Contracting State. This provision shall also apply to life annuities paid to a resident of a Contracting State. 2 . Pensions and life annuities paid, and other periodical or occasional payments made by a Contracting State, or one of its political sub-divisions in respect of insuring personal accidents, may be taxed only in that State. 3 . 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 performance of services. 4 . 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.