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HMRC internal manual

Double Taxation Relief Manual

From
HM Revenue & Customs
Updated
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DT: Malawi: double taxation agreement, Article 10: Pensions and purchased annuities

  1. Any pension (other than a pension referred to in Article 8) and any annuity, derived from sources within Malawi by an individual who is a resident of the United Kingdom and subject to United Kingdom tax in respect thereof, shall be exempt from Malawi tax.
  2. Any pension (other than a pension referred to in Article 8) and any annuity, derived from sources within the United Kingdom by an individual who is a resident of Malawi and subject to Malawi tax in respect thereof, shall be exempt from United Kingdom tax.
  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 consideration of money paid.