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Most common provisions of the Agreements

Distribution of tax authority in the Agreements, in general, for different types of income

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Agreements. Pensions

Pensions, understood as remuneration that resulted from previously exercised employment, will be treated according to whether it is granted for services rendered in the public or private sector.

  • Pension received by reason of a previous employment in the private sector , (which generally includes those paid by Social Security) most of the Conventions establish the right of taxation in favour of the State of residence of the person receiving the pension.

  • Pension received by reason of dependent work provided to the State, a political subdivision or local entity , (for example, those of civil servants), the right lies with the State from which they come, except in some Conventions, in which, if the nationality of the State of residence is held, the tax authority corresponds to the latter.

However, the specific Agreement must be consulted.