Taxes in Europe Database v2
Law No 3492/2006 art.29 (Government Gazette 210/A of 05 October 2006), Turnover tax/insurance abolished by Law No 3492/2006 art 29 par 9).
All over the Greek State.
Insurance companies (domestic or foreign), natural or legal entities undertaking road assistance services (in case of accident or breakdown of a vehicle).
Insurance premiums and all charges accruing from insurance contracts without any reduction of discounts allowed to clients, and likewise without any reduction of brokerage fees and commission paid to third parties.
The tax is assessed on the amount of the insurance premium.
The tax rate varies according to the sector of insurance as follows:
Three months after the end of the calendar quarter.
The tax is payable to the State by tax payers on a quarterly basis.