Spain IPT: How to Stay Compliant in a Complex Tax Jurisdiction
Spain is one of the most complex countries within Europe for insurance premium tax compliance.
This is due to the different tax authorities involved in the process. Spain has a national tax authority and four provincial tax authorities – within those, four of the 50 provinces have an independent tax authority. These are all within the Basque country and Navarra regions and are Álava, Guipúzcoa, Vizcaya, and Navarra.
The complexities and challenging means of reporting liabilities only adds to the difficulties for insurers writing policies in the country.
Download our new e-book to learn more about the challenges faced and how Sovos can help insurers comply with Spain’s complex reporting system.
The e-book covers three main topics:
- Insurance Premium Tax
Filing requirements at a provincial level
- The Consorcio de Compensación de Seguros (CCS)
Recently introduced reporting system and its requirements
- The Fire Brigade Charge (FBC)
Overview of the complex and lengthy reporting process