Blog posts

Tax Rate Alert - Greek Pension Fund (TEAAPAE) Abolished from 1st Jan 2015

May 29, 2014 13:33 BST Impendulo Limited It's now official - TEAAPAE will be abolished as of the 1st of January 2015. The proposed legislation has now been passed by the Greek government as expected. This means that any premiums invoiced from this date will not bear any charges relating to the TEAAPAE fund, however, any invoices issued up to and including the 31st of December 2014 will still be required to show the levy.

San Marino Tax Authorities To Enforce Late Payment Penalties? Valentina Says 'Maybe'

Apr 30, 2014 21:57 BST Impendulo Limited IPT payments for authorised foreign insurers in San Marino are now due as 30 April marked the first quarter deadline within the country's new IPT regime. It has been reported that those insurance companies who have missed the deadline will be subject to severe penalty fines imposed by San Marino tax authorities as well as a 4% daily interest charge applied to overdue payments.

Tax Rate Alert - Greek Tax Authorities Abolish Tax on Pension Fund (TEAAPAE)

Apr 03, 2014 02:00 BST Impendulo Limited According to a Law that passed through the Greek Parliament on Sunday 30th March, which aims to abolish indirect taxes & levies, it is our understanding that the TEAAPAE levy in all classes of insurance policies will be abolished.

Tax Rate Alert - Abolishment of Greek National Road Fund

Mar 24, 2014 16:28 GMT Impendulo Limited A new law was passed by the Authorities in Greece on March 18th, 2014, titled "Administrative Simplifications - Abolishment & Mergers of Legal Entities and Services of the Public Sector". The law implements the immediate abolishment of the National Road Fund (TEO).

Tax Rate Alert - France Health Insurance

Mar 24, 2014 15:00 GMT Impendulo Limited French tax authorities announce a new higher rate of tax at 14% applicable on some Health insurance premiums. The attached document offers a broader outline on this change as well as other published Insurance Premium Tax rates.

Insurance Premium Tax in the New Year

Dec 31, 2012 15:45 GMT Impendulo Limited Highlighted in this document are numerous changes to the Insurance Premium Taxes (IPT) rules or rates within the European Union.

Insurance Premium Tax update - Italian pre-payment clarified

Jun 07, 2012 13:00 BST Impendulo Limited On 29 April 2012 the Italian authorities announced that a new date for pre-payment of IPT is to be introduced. By the 16th of May a 12.5% pre-payment must be made based on the 2011 Insurance Premium Tax Liability.