Regulatory Analysis
The Slovak Ministry of Finance has published a press release detailing a temporary Tax Amnesty measure introduced as part of the third consolidation package. This initiative aims to support taxpayers in regularizing their tax affairs without incurring penalties or interest. According to the tax amnesty rules, a taxpayer can settle its outstanding tax liabilities (via […]
Following the approval of the third consolidation package by the Slovakian Parliament on September 24, 2025, the amended legislation increasing the insurance premium tax rate from 8% to 10% has been published. The increased rate takes effect on January 1, 2026. Transitional provisions have been introduced to support the implementation of the new rate. The […]
The Central Bank of Ireland has ratified a reduction in the Insurance Compensation Fund (ICF) levy from 2% to 1%, effective 1 January 2026. This change follows the Bank’s annual review of the Fund’s financial state and reflects improved projections for its income and reserves. This decision has been made pursuant to Section 6 of […]
On 22 August 2025, the Danish Guarantee Fund (DGF) published its annual announcement regarding insurer contributions for 2026. The update aligns with Executive Order BEK no. 587 of 26 May 2025 on contributions to the Guarantee Fund for non-life insurance companies. Key Changes Effective 1 January 2026 Rate Reduction for Non-Life Consumer Policies The contribution […]
On 17 June 2025, the Lithuanian Parliament adopted Law No. XV-283, introducing a new Security Contribution (SD) on non-life insurance premiums. The measure aims to support the National Defence Fund and is aligned with the EU Solvency II Directive (2009/138/EC). The new SD regime applies to both domestic insurers and foreign insurers operating in Lithuania […]
On 18th March 2025, the Budget Restructuring Measures Act 2025 (7/2025) was published in the Austrian Federal Law Gazette. Among other tax measures, the Insurance Tax (IPT) Act was amended. In Austria, the IPT Act includes rules for the taxation of insurance policies covering motor vehicles. The changes can be summarised as follows: a) Abolishment of […]
Following the postponement of the 2025 budget bill from December 2024, on 15 February 2025, the Act on Finance for 2025 has been published in the French National Gazette. For insurance Premium Tax (IPT) there are two notable measurements in this Act: 1.) Higher rate for fire insurance premium A 12% rate is introduced for […]
On 6 December 2024, the Italian Institute for Insurance Supervision (IVASS) published the management charge rate for the year 2025. The rate has been increased from 4.37% to 4.50%. The management charge reduces the taxable basis applied to the Road Accident Victims Fund (RAVF) and Hunting Accident Victims Fund (HAVF) and is published annually at […]
The Hungarian Government issued a new government decree (no 356/2024) on 21st November 2024, which amends the extra profit tax regulations including the rules for insurance premium tax (EPTIPT). The new decree extends the extra profit tax on insurance premiums for another year. The updated termination date is 31st December 2025. Not only the applicable rates, […]
On 10th September 2024, the Danish Guarantee Fund (DGF) issued an order concerning the rate of contributions payable by insurers for 2025. The following non-life consumer policies will be subject to DKK 10 contribution: Family insurance policies Homeowners insurance policies Health insurances Change of ownership insurances Seller liability insurances Building/Construction damage insurance Motor insurance policies […]
On 1st of October 2024, the Irish Motor Insurance Bureau (MIBI) announced that in 2025 the contributions payable by the insurance companies to the Motor Insurers’ Insolvency Fund (MIICF) will end from 1st January 2025. The reason for this statement, published on their website, is that MIBI’s expects the value of the fund to exceed […]
On 29 June 2024, the Danish Guarantee Fund (DGF) issued an order on its website for Greenland about contributions to the Guarantee Fund for non-life insurance companies. The order applies to certain life insurance companies as well, however does not apply to non-life insurance companies that only underwrite motor liability insurance in Greenland on a […]
On 28 June 2024, the Finnish Parliament approved the amendments to the Insurance Premium Tax (IPT) according to the government proposal (HE 61/2024). With the change (article 3) in the law, the IPT will rise from 24 percent to 25.5 percent. This change is in line with the Value Added Tax (VAT) rate change. The […]
The deadline for declaring the Insurance Premium Tax (“IPT”) on earnings such as commissions received by an intermediary in connection with the provision of insurance services, has once again been extended. The new deadline has been established for 20th October 2024. The previously released return template has been also revised in order to incorporate the […]
The Hungarian Government recently announced a new Government Decree (No. 52/2024), which alters the existing IPT regulations. The rules outlined in this decree have not been integrated into the IPT law (No. 102/2012), and apply from the April 2024 period which is due to be settled by 20th May 2024. According to the new rules, […]
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 in the IPT regulation of last July and the Decree of the Ministry of Finance issued in December 2023. In summary, the modification to Section 7 of the IPT law […]
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 in 2024, income, such as commissions, received by an intermediary in connection with the provision of insurance services, will be liable for IPT when provided under a contract separate to […]
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 to the National Guarantee Fund. More specifically, it has changed the contribution payable by the insurers on premium amounts covering civil liability risks resulting from accidents caused by motorised land […]