[Code of Federal Regulations]
[Title 26, Volume 18, Parts 500 to 599]
[Revised as of April 1, 2000]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR521.111]

[Page 151]
 
                       TITLE 26--INTERNAL REVENUE
 
     CHAPTER 1--INTERNAL REVENUE SERVICE DEPARTMENT OF THE TREASURY 
                               (Continued)
 
PART 521--DENMARK--Table of Contents
 
                       Subpart--General Income Tax
 
Sec. 521.111  Pensions and life annuities.

    Under the provisions of Article X(2) of the convention, private 
pensions and life annuities derived from sources within the United 
States by nonresident alien individuals who are residents of Denmark are 
exempt from Federal income tax for taxable years beginning on and after 
January 1, 1948. The term ``life annuities'' is defined in Article X(3). 
The term ``private pensions'' does not include pensions or retired pay 
paid by the United States or by any State or Territory of the United 
States; it does include periodic payments made in consideration for 
services rendered or by way of compensation for injuries received.