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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.

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