Austria: New IPT Settlement Form Published

Edit Buliczka
March 11, 2024

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 allows third-country domiciled insurance companies to register and settle Insurance Premium Tax (IPT) liabilities directly with the Austrian Tax Office. If the third-country domiciled insurers do not take this option, then their policyholders must settle the IPT as long as the insurance firm informs:

  • the policyholders about their obligations
  • the Austrian Tax Office using Form 6.

If the insurer fails to meet its information responsibilities, it will be responsible for the insurance tax.

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Author

Edit Buliczka

Edit is a senior regulatory counsel. She joined Sovos in January 2016 and has extensive IPT knowledge and experience. Her role ensures the IPT teams and systems at Sovos are always updated with legislative changes. She is a Hungarian registered tax expert and chartered accountant and has worked for companies in Hungary including Deloitte and KPMG and as an indirect tax manager she worked for AIG in Budapest. She graduated with an economist degree from Budapest Business School, faculty of finance and accountancy and also she has a postgraduate diploma from ELTE Legal University in Budapest.
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