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Generic Tax Name Insurance tax
Tax name in the national language Versicherungssteuer
Tax name in English Insurance tax
Member State AT-Austria
Tax in force since 1953/01/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Insurance Tax Law, BGBl. (federal legal gazette) No 133/1953, as last amended by BGBl. I No 34/2015.

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

The federal government (67.8%), the provincial governments (20.5%) and the local authorities (11.7%).

 
Geographical Scope

Austria.

 
Taxpayers

Tax payer is the person insured. The insurance company has to assess and pay the tax. The insurance company is liable for the tax

 
Tax object and basis of assessment

Tax object

Payment of insurance premiums 

Basis of assessment

Insurance premium

 
Deductions, Allowances, Credits, Exemptions

Exemptions:

Insurance tax e.g.: Premium payments of social security insurance, export insurance, reinsurance, insured transport abroad.

 
Rate(s) Structure

Insurance tax:

  • Personal insurance: 4%
    • Life/endowment insurance: 4%
    • short time Life/endowment insurances with one-off payments: 11%
  • Property insurance: 11%
  • Pension funds: 2.5%
  • Sickness insurance: 1%
 
Tax due date

One month and 15 days after the end of the month in which the insurer has received the payment of the premium by the insured.

Self-assessment of insurance companies.

 
Tax collector

Federal tax administration (tax office for duties, transfer taxes and games of chance).

 
Special features

 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d214gb

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 1,052.70 EUR 0.33
2011 1,071.00 EUR 0.35
2010 1,017.36 EUR 0.34
2009 1,033.37 EUR 0.36
2008 1,021.80 EUR 0.35
2007 993.20 EUR 0.35
2006 980.00 EUR 0.37
2005 946.30 EUR 0.37
2004 953.80 EUR 0.40
2003 887.90 EUR 0.38
2002 825.70 EUR 0.36
2001 814.30 EUR 0.37
2000 745.20 EUR 0.35

Comments