Tax Alert – Slovakia – Introduction of Insurance Premium Tax Looks Likely
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: email@example.com.