10 January 2018
Tax Alerts
Today, the Ministry of Finance of the Slovak Republic has released a draft law on Insurance Premium Tax. If the draft IPT legislation is approved, it will replace the existing 8% Non-life Insurance Levy. The 8% Levy from compulsory motor third party liability insurance shall remain unchanged. It is expected that the IPT will have the character of indirect tax and insurance companies will be required to collect and pay this tax.