Blog

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 it. As with our dedicated Spain IPT overview, this blog will focus on the specifics in Norway. We also have a blog covering the taxation of motor insurance policies across […]

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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 overview of IPT in Liechtenstein to help insurance companies remain compliant.   What kind of taxes are applicable in Liechtenstein on insurance premium amounts? In Liechtenstein, there are two types […]

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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 overview of IPT in Monaco to help insurance companies remain compliant.   What kind of taxes are applicable in Monaco on insurance premium amounts? In Monaco, there are two types […]

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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 information about the taxation of motor insurance policies in Europe, covering the types of applicable taxes, how they are calculated, vehicle exemptions and more. We also have blogs for some […]

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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 rules for different types of insurance. European Union (EU) Directive 2009/138/EC (Solvency II) set out these rules. However, a related topic of growing importance in this area concerns territoriality, i.e. […]

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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 effective 1 January 2023. This blog explains how this affects insurers and other suppliers. Scope of the rules for guarantee commitments The Ministry of Finance published its initial circular in […]

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Fire Brigade Tax in Slovenia

Problems encountered with Fire Brigade Tax rate increase in Slovenia Slovenia’s Fire Brigade Tax (FBT) has changed. The rate increased from 5% to 9%. This came into effect on 1 October 2022. The first submission deadline followed on 15 November 2022. Unfortunately, the transition has been plagued by problems. We discuss some issues and how […]

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How the future of work could affect insurance for businesses

What is the current situation for insurance for businesses? Until the Covid-19 pandemic in March 2020, the view was that businesses provide insurance such as Employers’ Liability during normal day-to-day operations. Employers’ Liability insurance is compulsory, protecting a company’s employees and workplace visitors for accidents where a claim needs to be settled. Following the Covid-19 […]

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Meet the Expert – Sean Burton, Senior Compliance Services Representative

Meet the Expert is our series of blogs where we share more about the team behind our innovative software and insurance premium tax (IPT) compliance services. As a global organisation with indirect tax experts across all regions, our dedicated team are often the first to know about regulatory changes and developments in global tax regimes to […]

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Treatment of Space Insurance

Update: 25 January 2024 by James Brown Judgment in the Netherlands and Lloyd’s Position on Space Insurance There have been a couple of key developments in the space insurance landscape in recent months from an IPT perspective.   The Netherlands’ judgment on space insurance In October 2023, a District Court in the Netherlands passed judgment […]

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The Fire Brigade Tax – European Taxes on Fire Premiums

There are several countries within the European Union (EU) and European Economic Area (EEA) that have introduced a Fire Brigade Tax (FBT). Fire Brigade Tax is payable on certain premium amounts and usually in addition to Insurance Premium Tax (IPT). Fire Brigade Tax, or the Fire Brigade Charge (FBC) or Fire Protection Fee (FPF) as […]

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Registering Branches for Insurance Premium Tax

Update: 27 July 2023 by Edit Buliczka Changes to IPT registration requirements in Austria The registration requirements for settling taxes in a country are similar  – if not the same, usually involving the central tax administration or tax authority. This, however, is not always the case and there are exceptions. For example, due to a […]

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Understanding Insurance Premium Tax Prepayments in Italy

Continuing our IPT prepayment series, we take a look at Italy’s requirements. In previous articles we have looked at Belgium, Austria, and Hungary. All insurers authorised to write business under the Italian regime have a legal obligation to make an advance annual payment for the following year. Refer to this blog for a general overview […]

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Understanding IPT Prepayments in Hungary

It’s time to return to Insurance Premium Tax (IPT) prepayments – a continuation of our blog series on this important IPT topic. You can find the first entry in our blog series here. IPT is declared and settled differently throughout Europe. Monthly, quarterly, or biannual declarations – the frequency varies across Member States – and some […]

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Insurance Premium Tax Prepayments: Austria

In the next edition of our series of blogs in Insurance Premium Tax (IPT) prepayments, we look at a less familiar regime to many, the Austrian IPT Prepayment. IPT prepayments in Austria Those who are well versed in the IPT sphere will be perplexed at this blog, as they most likely will never have paid […]

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Meet the Expert – Mai Nguyen, Senior Compliance Services Representative

Meet the Expert is our series of blogs where we share more about the team behind our innovative software and insurance premium tax (IPT) compliance services. As a global organisation with indirect tax experts across all regions, our dedicated team are often the first to know about regulatory changes and developments in global tax regimes, to […]

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Understanding IPT Prepayments in Belgium

It’s time to return to Insurance Premium Tax (IPT) prepayments – a continuation of our blog series on this important IPT topic. You can find the first entry in our blog series here. Throughout Europe’s different countries and jurisdictions, IPT is declared and settled in different ways. Monthly, quarterly, biannually – this varies across Member […]

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Netherlands Storage and Own Transport – IPT Changes Explained

The Dutch government issued an updated Policy Statement for Insurance Premium Tax (IPT) on 12 May 2022. The first of its kind since February 2017, the update is intended to replace the 2017 version in full. While the majority of the content remained consistent, there were notable details pertaining to Netherlands storage insurance and ‘own […]

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