France: Changes in Insurer Contributions of Civil Liability Vehicle Insurance Policies
The recent Order from 30 January 2024 has amended the rate and the calculation basis for the insurer’s part of the contribution that is payable
Solution: IPT
IPT
Liechtenstein IPT: An Overview
Liechtenstein is one of many countries with Insurance Premium Tax (IPT) requirements, specifically the Swiss Stamp Duty and Liechtenstein Insurance Levy. This blog provides an
Hungary: Last minute change for filing and payment of extra profit tax for 2023
The Government Decree of 197/2022, which regulates extra profit taxation (EPTIPT) in Hungary, has recently been changed. The amendment was issued last Thursday and became
France: IPT exemption on electric cars has been extended
The 2024 Finance Budget Law, announced on December 30, 2023, is set to revise Article 995 of the General Tax Code (GTC) and will have
France: Substantial CATNAT premium rate increase as of January 2025
On 28th December 2023, a new Order was published in the French National Gazette about change of the rates of the so called CATNAT additional
Norway: Road Traffic Insurance Tax Rate change
In the 2024 budget, announced on 18th December 2023, the new tax rates for the Road Traffic Insurance Tax, which is included in the Excise
France: Guarantee Fund Contributions for Victims of Terrorism has been increased
On 28 December, a new ministerial decree was published in the French Official Journal. The new decree increases the amount of the contribution to the
Italy: Road Accident Victims Fund Contributions (RAVF) cancelled for foreign insurers
On December 13, a new legislative decree (No. 184 pf 22 November 2023) was published in the Italian Official Gazette. This decree is transposing the
France: National Guarantee Fund Contributions cancelled for foreign insurers
On December 7, a new ordinance (No. 2023-1138 of December 2023) was published by the French Ministry of Economy, Finance and Industrial and Digital Sovereignty.
Italy: the 2024 IVASS Management Fee has been published
The Institute for Insurance Supervision (IVASS) in Italy has published the management charge rate for the year 2024. The rate has been increased from 4.26%
Spain: New monthly Insurance Premium Tax return – model 430
The Spanish Tax Office has issued a new order No. HFP/1284/2023 on November 30, 2023, which contains the regulatory approval of a new model 430
IPT
Monaco Insurance Premium Tax: An Overview
Monaco is one of many countries with Insurance Premium Tax (IPT) requirements, specifically the Special Annual Tax and Fire Brigade Tax. This blog provides an
Ireland: 2024 rate for Motor Insurers Insolvency Compensation Fund (MIICF) has been set
Ireland has now fixed the rate of MIICF contributions to be paid to the Motor Insurers’ Bureau of Ireland (“MIBI”) for 2024. The rate was
Denmark: Fixed rates to Guarantee Fund remained unaltered for 2024
On November 3, 2023, the Danish Guarantee Fund announced on its website the contribution fixed rates for 2024. The rates remained unaltered, implying that in
Ireland: Motor Insurers’ Bureau of Ireland changes the rules regarding its contributions
The Motor Insurers’ Bureau of Ireland (“MIBI”) published a new notification on its website on October 11, 2023. According to this notification, the Minister announced
IPT
IPT: Beyond the Surface – Insurer-Borne Taxes in Belgium, France and Ireland
Join our insightful Insurance Premium Tax webinar where Sovos’ IPT experts James Brown and Khaled Cherif delve into the lesser-known, insurer-borne taxes in Belgium, France
Denmark: Danish Guarantee Fund suspends contributions to motor insurance policies in 2024
The Danish Guarantee Fund (“DGF”) published a new notice on its website on October 2, 2023. The new guidance informs non-life insurance companies, including foreign
Bulgaria: New bank accounts at the National Revenue Agency
The Bulgarian Tax Office (“National Revenue Agency” or “NRA”) announced on its website, on September 20, 2023, that payments to the NRA should be paid