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Annuity


2. The term "annuity" means a fixed sum periodically paid at specified times during the lifetime of a person or during a specified or determined period of time, in accordance with the obligation to make payments as adequate and full compensation in monetary form or monetary equivalent.

Source: Agreement between the Government of the Russian Federation and the Government of the Democratic Socialist Republic of Sri Lanka on the Avoidance of Double Taxation and the Prevention of Tax Evasion with Respect to Income Taxes

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