Impendulo Limited

Tax Alert - Slovakia - Introduction of Insurance Premium Tax Looks Likely

Blog post   •   Nov 10, 2016 16:26 GMT

We can confirm that the Slovakian Parliament are planning to expand the current 8.00% insurance tax (currently only applicable to Compulsory Motor Insurance) to be applicable to all types of non-life insurance business. The target date for implementation is the 1st January 2017.

This amendment of the Act on Insurance (no. 39/2015 Coll.) has passed its 1st reading in Parliament but still has 2 readings to go.

We will update you with any further developments.

For any further information related to Insurance Premium Tax please do not hesitate to contact us: info@impendulo.com or visit our website www.impendulo.com