Is IPT Simplicity in Spain Possible?

Insurance Premium Tax (IPT) in Spain is tricky. There are national and regional tax authorities. Let’s not forget numerous IPT variations. Compliance requires in-depth and far-reaching knowledge – mountains of which have been added to our ebook.

We’re here to help. The Sovos IPT team has created
this ebook to help explain the rates, exemptions,
settlements and penalties.

Use this practical guide to stay on the right side of risk.

  • Understand IPT in Spain on a macro and micro level
  • Minimise compliance and business risk
  • Written by IPT experts who know Spain top to bottom

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Deep Spain IPT insight

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What this ebook about IPT in Spain covers

Download now to navigate the nuanced IPT landscape in Spain, no matter where your company is based within the country or from afar.

As well as IPT on a national and regional level, it breaks down the fundamental components of the Consorcio de Compensación de Seguros (CCS) and the Fire Brigade Tax.

  • Overview of IPT
  • IPT rates and exemptions, challenges, settlement and penalty regime
  • Overview of the CCS
  • CCS rates and exemptions, challenges, settlement and penalty regime
  • Overview of Fire Brigade Tax (FBT)
  • FBT rates and exemptions, challenges and settlement
  • Green Card
  • Key takeaways
  • How Sovos can help

Understanding IPT in Spain

Spain is one of the most complicated European countries for IPT compliance. It has several tax authorities, and each has its own penalty regime.

After determining which authorities are relevant to your company, you need to understand the rates, exemptions, settlements and penalties.

Consider these three points when complying with IPT rules in Spain:

Spain has national and regional tax authorities
No region is the same

The CCS reporting requirements are significant
Accuracy is paramount to avoid penalties

Timing is key with the Fire Brigade Tax
Registration for new members only opens once a year

If you need more information, use our chat box to speak with our experts right away.

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Need help with IPT compliance? Get in touch

IPT is complex and failing to comply can have serious implications.

At Sovos, we focus on the details to provide you with peace of mind. We’re global tax compliance specialists. Our team of regulatory specialists monitor and interpret regulations around the world, so you don’t have to.

From understanding and meeting the demands of national IPT regulations to delivering dedicated fiscal representation and payment solutions, our business is in helping your business meet its specific regulatory requirements.

Sovos is a market leader for IPT compliance in Europe, filing up to 30,000 tax returns annually valued at €600m+ for our insurance clients. We do this in over 100 countries and 19,000+ jurisdictions around the world.

Ease your IPT compliance burden

Whether it’s meeting the demands of specific country IPT declarations or providing dedicated fiscal representation and payment solutions, our combined approach of people, skills and software can help you stay ahead of the constantly changing filing requirements.

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Insurance Premium Tax: Your IPT Guide

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