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 10% rate applies to insurance policies where the insurance period commences after December 31, 2025, where the payment is received after that date, and the tax point date (as opted by the insurer) is also on or after 1 January 2026. The legislation introduces and defines the term “insurance period” as the period to which the payment of the insurance premium, or a portion thereof, relates.
The increased tax rate also applies to premiums for compulsory motor third-party liability insurance, which are governed by legislation different from the Insurance Premium Tax Act.
