Retirement provision

Occupational pension plans and pension funds must report to the Fiscal Authority, with respect to taxpayers subject to unlimited tax liability, the benefits paid to plan participants and beneficiaries for each tax year.

Insurance institutions and banks must submit to the Fiscal Authority, with respect to taxpayers subject to unlimited tax liability, submit a report each tax year to the tax administration regarding benefits paid to beneficiaries resulting from the liquidation of vested benefits policies and blocked accounts that were established using vested benefits from occupational pension plans.

The deadline for submission is set annually by the Fiscal Authority.

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