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HMRC internal manual

Double Taxation Relief Manual

HM Revenue & Customs
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DT: Sri Lanka: double taxation agreement, Article 17 Pensions and annuities

(1) Any pension (other than a pension to which Article 18 applies) or annuity derived from sources within one of the Contracting States by an individual who is a resident of the other Contracting State and subject to tax in that other State in respect thereof shall be exempt from tax in, the firstmentioned State.
(2) 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.
(3) Notwithstanding any other provisions of this Convention, alimony and similar payments arising in a Contracting State and paid to a resident of the other Contracting State who is the beneficial owner thereof, shall be taxable only in that other State.