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Generic Tax Name Insurance tax - Insurance premium tax
Tax name in the national language Φόρος Ασφαλίστρων (πρώην φόρος κύκλου εργασιών)
Tax name in English Insurance premium tax (previously turnover tax)
Member State EL-Greece
Tax in force since 2006/11/01
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

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

Social security contribution Employers
Legal base

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).

Who sets
The tax rate is set by

The tax base is set by

The reliefs are set by



Geographical Scope

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).

Tax object and basis of assessment

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.

Deductions, Allowances, Credits, Exemptions


  • Insurance premiums on vessels and merchandise.
  • Life insurance premiums, subject to the period of insurance being not less than 10 years.
  • Insurance premiums rendered for the insurance of the crews of ships and aircraft.
  • Insurance premiums paid by Olympic Airways SA.
  • Insurance premiums covering certain risks incurred by undertakings, as governed by Legislative Decree No 2687/1953.
  • Reinsurance premiums collected by insurance and reinsurance companies.
Rate(s) Structure

The tax rate varies according to the sector of insurance as follows:

  • Fire insurance premiums: 20% (except fire insurance on tobacco in leaf form: 15%)
  • Life insurance premiums: 4% (subject to the period of insurance being less than a year)
  • Premiums from other sectors: 10%
Tax due date

Three months after the end of the calendar quarter.

Tax collector

The tax is payable to the State by tax payers on a quarterly basis.

Special features

Economic function

Environmental taxes

Tax revenue
ESA95 code d214ga

Annual tax revenue (millions)
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 352.00 EUR 0.18
2011 379.00 EUR 0.18
2010 404.00 EUR 0.18
2009 358.00 EUR 0.15
2008 344.00 EUR 0.14
2007 339.00 EUR 0.15
2006 296.00 EUR 0.14
2005 269.70 EUR 0.14
2004 268.60 EUR 0.14
2003 244.60 EUR 0.14
2002 220.80 EUR 0.14
2001 207.00 EUR 0.14
2000 158.30 EUR 0.11
1999 107.40 EUR 0.08
1998 132.10 EUR 0.10
1997 117.00 EUR 0.09
1996 115.20 EUR 0.10
1995 92.70 EUR 0.09