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Generic Tax Name Insurance tax
Tax name in the national language Versicherungsteuer
Tax name in English Insurance tax
Member State DE-Germany
Tax in force since 1922/04/08
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

The legal basis for the imposition of insurance tax is the Insurance Tax Act as published on 10 January 1996 (Federal Law Gazette 1996 I p. 22), last amended by Article 14 of the Act of 18 December 2013 (Federal Law Gazette 2013 I p. 4318).

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

 
Geographical Scope

Federal Republic of Germany including the Exclusive Economic Zone (EEZ) in the North Sea and the Baltic Sea

 
Taxpayers

The insured person is liable, although the insurance companies are generally responsible for paying over the tax. If insurance is taken up with insurers resident in countries outside the European Union or the European Economic Area, the insured persons must file a tax return with the Federal Central Tax Office (Bundeszentralamt für Steuern or BZSt) and calculate and pay the tax themselves. Insured persons who have to pay the tax themselves must also notify the Federal Central Tax Office without delay of the conclusion of the insurance contract.

 
Tax object and basis of assessment

Insurance tax, which belongs to the category of transaction taxes, is imposed on the payment of insurance premiums.

Insurance tax is generally computed from the premium paid. In the case of insurance against special agrarian risks (hail damage, storm, heavy frost, heavy rain or flooding), however, it is computed from the policy amount.

The tax is payable regardless of whether the purchase of insurance was voluntary (i.e., by contract) or mandatory (e.g., prescribed by law).

 
Deductions, Allowances, Credits, Exemptions

The tax does not apply to various types of insurance, for instance statutory and voluntary health and life insurance and unemployment insurance (Section 4 of the Insurance Tax Act).

 
Rate(s) Structure

Generally, the tax rate is 19% of the premium (and as of 1 July 2010, 22% of 60% of the premium for fire insurance and insurance against business interruption by fire, 19% of 86% of the premium for residential building insurance with provision for fire hazard, 19% of 85% of the premium for home contents insurance with provision for fire hazard, 3% of the premium for marine hull insurance and 3.8% of the premium for accident insurance incorporating a no-claims bonus). The tax on insurance against special agrarian risks (for risks arising from hail damage, storm, heavy frost, heavy rain or flooding - so-called agrarian multi-risk insurance) is levied at 0.3 per thousand of the policy amount (since 1 January 2013).

 
Tax due date

The insurer or the authorized person has to pay the tax arising during the registration period within fifteen days of the expiration of this period. The registration period is the calendar month. If the total tax for the preceding calendar year amounted to no more than 6,000 euros, the registration period is the calendar quarter. If the total tax for the preceding calendar year amounted to no more than 1,000 euros, the registration period is the calendar year.

 
Tax collector

Revenue from insurance tax accrues to the Federation. It is collected by the Federal Central Tax Office.

 
Special features

 
Economic function







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Environmental taxes



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Tax revenue
ESA95 code d214ga

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 11,165.00 EUR 0.41
2011 10,767.00 EUR 0.40
2010 10,262.00 EUR 0.40
2009 10,555.00 EUR 0.43
2008 10,477.00 EUR 0.41
2007 10,411.00 EUR 0.41
2006 8,779.00 EUR 0.37
2005 8,762.00 EUR 0.38
2004 8,745.00 EUR 0.39
2003 8,631.00 EUR 0.39
2002 8,568.00 EUR 0.39
2001 7,549.00 EUR 0.35
2000 7,205.00 EUR 0.34

Comments