15 February 2018

Italy amends Insurance Premium Tax provisions

In January 2018, the Italian Ministry of Economic Development settled the contribution rate for the road accident victims' fund, applicable on civil liability insurance for motor vehicle and motor vehicle damage. According to the Decree, the contribution rate applicable for insurance premiums has been confirmed at 2.39975% from January 1, 2018. In addition, the 2018 Budget Law, approved by the Italian Parliament on December 23, 2017, has introduced some changes with reference to
Insurance Premium Tax (IPT).

An Indirect Tax Services group Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-0337

Document ID: 2018-0337