The 2023 French budget (2022-1726 of December 30, 2022) was published on 30th December 2022. Among several changes in the tax legislation, there was a change in the so-called Rural and Maritime Fishing Code.
This Code regulates the additional contribution on premium amounts that relates to insurance agreements on agricultural operations covering
- Damage to buildings and dead livestock
- Risks of civil liability and damage relating to commercial vehicles
The rate rose from 5.5% to 11% as of 1st January 2023. The previous rate was unchanged since 2016. The contribution is declared on the Insurance Premium Tax return under section E, as such the declaration form for 2023 was amended accordingly.
