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Tax Alert – Slovakia – Official Details on the New Insurance Premium Tax

Insurance Premium Tax (described as a ‘contribution’) has now officially been introduced in Slovakia under Act no. 339/2016. This was approved by the Slovakian Parliament on 22nd November 2016 and published in the Collection of Acts of the Slovak Republic on the 15th December 2016.

The tax is confirmed to apply to:

  • Domestic insurance companies
  • Insurance companies from EU member states
  • Branches of foreign insurance companies

It will apply to all classes of non-life insurance.

Impendulo are in a position to settle the tax for any concerned clients.

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

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