What does insurance premium tax (IPT) entail? We would be pleased to provide you with an overview of several current issues, including interesting developments with regard to legislation and case law. We would also be happy to discuss other developments circulating in the market.
District Court on insurance premium tax place of risk and transport exemption
On October 31, 2023 the judgment rendered by the Zeeland-West-Brabant District Court was published in an IPT case that essentially concerned the scope of (1) the definition of ‘branch’ establishment’ for the purposes of the place of risk and (2) the exemption for transport insurance.
Read more via: District Court on insurance premium tax place of risk and transport exemption | Meijburg & Co Tax & Legal
Policy Statement on IPT
Click on the following link to read all about the most recent amendment of the Dutch Policy Statement on Insurance Premium Tax, as published on May 12, 2022. This policy statement updates and replaces the old policy statement from 2017. Several amendments, primarily regarding the transport exemption, stand out.
Read more via: New Dutch policy statement on insurance premium tax | Meijburg & Co Tax & Legal
CJEU: Member State where ownership of vessel is registered may levy insurance premium tax
In 2021 the Court of Justice of the European Union (CJEU) ruled that the Member State where the ownership of a vessel is registered may levy insurance premium tax. That is also the case if a vessel (temporarily) sails under the flag of another country.
Read more via: CJEU: the Member State of registration of ownership of a vessel may levy insurance premium tax | Meijburg & Co Tax & Legal
CJEU: place of risk for insurance premium tax
In this decision the CJEU ruled that the place of risk for insurance covering the contractual risks associated with the value of the shares and the fairness of the purchase price paid by the buyer in a company takeover is the place where the policyholder is established.
Read more via: Insurance premium tax: CJEU decision on location of risk | Meijburg & Co Tax & Legal
