The global regulatory environment has evolved dramatically in recent years. Contributing events include the landmark Kvaerner case in the European Union; bilateral and multilateral agreements among regulators and tax authorities; and the expansion of operations coupled with their insurance needs to cover risks such as excess liability, crime, and directors & officers (D&O) more broadly and consistently.
A number of tax authorities have been reviewing global insurance arrangements to identify unpaid premium-related taxes. Further, many tax regimes have either introduced new rules or increased their premium-related tax rates.
Please click here to access our bulletin of the most recent global insurance premium tax related news that could affect insurance premiums payable under a contract of insurance.
The bulletin provides updates on countries including: Australia, Bulgaria, Canada, Greece, Malaysia, Netherlands, South Africa, Spain, Zambia.
About the Marsh Insurance Regulatory & Tax Practice.
The Marsh Insurance Regulatory & Tax (IRT) Practice is dedicated to providing multinational companies with support and information to help them evaluate regulatory and premium tax risks arising from their insurance and alternative risk-financing in all parts of the world.