30 September 2015
Delegated Decree No. 133 of 4 August 2015 has introduced an IPT exemption relating to “Aviation insurance”, which takes effect from 4
August 2015. This is the only IPT exemption in San Marino (other than a specific exemption relating to Public Bodies when policyholder) as all other Non-Life insurance is subject to 4.0% IPT. The San Marinese Tax Authorities confirmed to us that the exemption relates to all Non-Life insurance covering aircrafts registered in San Marino. Aviation Hull (Class 5) and Aviation Liability (Class 11) are therefore IPT exempt; however the applicability of the exemption to any Aviation related insurance business, such as Accident (Class 1) or Legal Expenses (Class 17), should be evaluated on a case by case basis.
If you have any queries, please contact Susie Crew at
or Alessia Mecozzi at