Netherlands (tax/treaty)

Pensions and annuities 1. Subject to the provisions of Article 19, pensions and other similar remuneration or annuities paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State. 2. Any pension and other payment paid out under the provisions of a social security system of a Contracting State to a resident of the other Contracting State, shall be taxable only in the first-mentioned State. 3. Notwithstanding the provision of paragraph 1 of this Article, if this pension or other similar remuneration is not periodic in nature, is paid in respect of past employment in the other Contracting State and is paid out before the date on which the pension commences, or if a lump-sum payment is made in lieu of the right to an annuity before the date on which the annuity commences, the payment or this lump-sum may also be taxed in the Contracting State from which it is derived.