Contribution to the FGTI: New Declarations
Following the previously announced delay to the mandatory online submission and direct debit settlement of IPT in France until 2025 at the latest, the General
Solution: IPT
IPT
Choosing a New IPT Provider: Live Q&A
Are you in search of a new Insurance Premium Tax (IPT) provider? Need guidance on making a smooth transition? Join our exclusive live Q&A webinar,
Denmark: Extension of Danish Guarantee Fund to Life Insurers Writing Occupational Accident Insurance
The Act on Guarantee Fund for Non-Life Insurance Companies, executive order no. 2067, has been amended recently by Act no. 480. The main change is
Austria IPT: Tax Amendment Act 2023 approved
On 14 June 2023, the government bill Tax Amendment Act 2023 – AbgÄG 2023 was approved amending The Insurance Tax Act 1953. The amendment enables
Romanian Guarantee Fund contribution – change of rules
New regulations were recently adopted concerning the contributions to be paid to the Romanian Guarantee Fund (Fondul de Garantare a Asiguraților). Prior to this, contributions
Hungary: Additional Insurance Extra Profit Tax Amendments
The Hungarian Government has modified the government decree (No. 197/2022) regulating the imposition of extra profit taxes as part of the 2024 Bill again. The
IPT
IPT: Location of Risk and Territoriality in the EU
Remaining IPT compliant in a changing landscape of Insurance Premium Tax is paramount for all insurers. IPT: Location of Risk and Territoriality in the EU,
IPT
IPT: Location of Risk and Territoriality
Much of the discussion on the Location of Risk triggering a country’s entitlement to levy insurance premium tax (IPT) and parafiscal charges focuses on the
IPT
Drone Insurance: IPT Treatment and Location of Risk
Drone usage has increased significantly in recent decades, far beyond their initial use in the military. They can be expensive themselves and, equally, can also
IPT
IPT: Updates in Europe
The ever-changing Insurance Premium Tax rules and regulations can be challenging to keep up with, so staying on top of the latest developments in IPT
IPT
Germany: The Application of IPT rather than VAT to Guarantee Commitments
Following the publication of various circulars by the Federal Ministry of Finance in Germany in 2021, rules on the taxation of guarantee commitments were made
IPT
IPT: Spotlight on Spain
Sovos’ IPT expert Hector Fernandez takes a deep dive into Spain’s Insurance Compensation Consortium (Consorcio de Compensación de Seguros, or CCS). Hector provides valuable information
IPT
German IPT: An Overview
Insurance Premium Tax in Germany is complex. From IPT rates to law changes, this quick guide will help you navigate the challenges of IPT in
Poland: Changes to financing of the Financial Ombudsman and its office
From 1 January 2023, changes have been made to how the Financial Ombudsman and its office are financed. The Ombudsman Act (2015/1348) was revised by
France: 2023 French Budget doubled the tax rate on agricultural insurance policies
The 2023 French budget (2022-1726 of December 30, 2022) was published on 30th December 2022. Among several changes in the tax legislation, there was a
Norway: Road Traffic Insurance Tax Rate Increase
The Norwegian Tax Authority have released the new tax rates for the Road Traffic Insurance Tax, the increase in the rates will come into effect
Hungary: Government Decree on Insurance Extra Profit Tax Amended Again
The Hungarian government published a new decree (No. 258/2022) on 24 December 2022. It was enforced on 25 December 2022 and modifies the initial government
France: Mandatory IPT Online Submission – Further Delays to 2025
The French Parliament approved the Finance Bill for 2023 (“2023 Bill”) on 17 December 2022. It includes an amendment to Article 166 of Finance law