Austria: New IPT Settlement Form Published
The Austrian Tax Office recently released a new report form (Form6) for settlement of Insurance Premium Tax (IPT). This new template complies with both changes
Solution: IPT
IPT
Taxation of Motor Insurance Policies
When considering motor insurance, it’s worth remembering that everything is high – from tax rates to the amount of administration required. This blog includes general
IPT
Taxation of Motor Insurance Policies: Norway
Norway has an indirect tax that applies to elements of coverage under a motor insurance policy. This blog details everything you need to know about
Belgium: Deadline to declare IPT on Broker Fees Set for June 20
The scope of Insurance Premium Tax (“IPT”) has been extended to brokers and intermediaries by the Act from 28 December 2023. As a result, beginning
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
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