The Taxation of Foreign Pension and Annuity Distributions

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As a general rule, the pension/annuity article of most income tax treaties allow for exclusive taxation of pensions or annuities under the domestic law of the resident country (as determined by the residence article). This is generally true unless a treaty provision specifically amends that treatment. For example, some treaties provide that the country of residence may not tax amounts that would not have been taxable by the other country if you were a resident of that country. There also may be special rules for lump-sum distributions.

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Original Article Source Credits: IRS ,

Article Written By: NA

Original Article Posted on: 18-Aug-2020

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