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Generic Tax Name Insurance tax - Tax on insurance premiums
Tax name in the national language Impuesto sobre primas de seguros
Tax name in English Tax on insurance premiums
Member State ES-Spain
Tax in force since 1996/12/30
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

Article 12 of Law Nº 13 of 30 december 1996 on taxation, administrative and social measures

Law Nº 65/1997 of 30 December attached to the State General Budget Law

Law Nº 66/1997 of 30 December attached to the State General Budget law

Law Nº 40/1998 of 9 December on Personal Income Tax Law

Law Nº 62/2003 of 30 December on taxation, administrative ans social measures.

Who sets
The tax rate is set by

The tax base is set by

The reliefs are set by



Geographical Scope

Spain's territory.


The insurance company, whether or not resident in Spain with which the insurance policy is taken out.

Tax object and basis of assessment

Insurance and capitalisation transactions. The tax must, like VAT, be passed on to the party paying the premium.

The premium paid is the basis of assessment.

Deductions, Allowances, Credits, Exemptions

Life insurance policies; er-insurance; capitalisation transactions; credit insurance, agricultural insurance; guarantee insurance, insurance linked to exporting and international transport; social insurance; pension plans.

Since 1 january 1999, health care and sickness insurance transactions.

Since 1 January 2004, transactions related to individual insurances similar to pension plans.

Rate(s) Structure


Tax due date

Date when premiums are paid.

Tax collector

State Tax Agency and Provincial Tax Administrations of the Basque country and Navarra.

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 1,472.00 EUR 0.14
2011 1,517.00 EUR 0.14
2010 1,530.00 EUR 0.14
2009 1,498.00 EUR 0.14
2008 1,608.00 EUR 0.14
2007 1,581.00 EUR 0.15
2006 1,478.00 EUR 0.15
2005 1,404.00 EUR 0.15
2004 1,312.00 EUR 0.15
2003 1,202.00 EUR 0.15
2002 1,074.00 EUR 0.14
2001 943.00 EUR 0.14
2000 849.00 EUR 0.13