Direct Tax Avoidance Agreements

Sri Lanka

Article 18

PENSIONS AND ANNUITIES

1. Subject to the provisions of paragraph. 2 of Article 19, pensions and other similar remuneration and any annuities paid to a resident of a Contracting State in consideration of past employment and any annuity paid to such a resident shall be taxable only in that 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 worth.