Ireland has now fixed the rate of MIICF contributions to be paid to the Motor Insurers’ Bureau of Ireland (“MIBI”) for 2024. The rate was reduced from 2% to 1%, as outlined in the Insurance Act 1964 (Adjustment of Percentage Rate) Order 2023 (S.I. No. 507/2023).
Ireland: 2024 rate for Motor Insurers Insolvency Compensation Fund (MIICF) has been set
Edit Buliczka
November 9, 2023
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Author
Edit Buliczka
Edit Buliczka is a Regulatory General Counsel at Sovos EMEA specializing in Insurance Premium Tax. A Hungarian registered tax expert and chartered accountant with a background at Deloitte, KPMG, and AIG, she has been with Sovos since 2016, tracking IPT legislative changes across Europe.
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