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Insurance tax is a tax on (damage) insurances that was introduced in the law in 1970. This tax is charged and paid by the insurer, an authorized agent, or insurance intermediary. The tax is calculated based on the insurance premium. Insurance tax is also due on services related to the insurance, such as mediation activities.
On behalf of the Ministry of Finance, Dialogic conducted an evaluation focusing on the effectiveness and efficiency of two specific aspects of the insurance tax. The first aspect concerns the rate increases implemented in 2011 and 2013. The second aspect relates to the exemptions for damage insurances.
Read the Cabinet's response here or download the full evaluation report here.
