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Generic Tax Name Insurance tax
Tax name in the national language Imposta sulle assicurazioni
Tax name in English Insurance tax
Member State IT-Italy
Tax in force since 1961/10/29
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

Law n° 1216 of 29 October 1961 (GU n° 299 of 2 December 1961) as modified.

Starting from 1999, Article 60 of legislative decree No. 446 of 1997 has provided for the allocation to the provinces of the revenues from the tax on insurance against civil liability arising from the use of vehicles (RCA). Ministerial Decree No. 457 of 14 December 1998 has laid down detailed rules for the allocation of the tax revenues to the provinces.

Article 17, paragraphs 1 and 2, of Legislative Decree no. 68 of 2011; Article 4, paragraph 2, of Decree-Law no. 16 of 2012.

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments

Tax rate: Central authority for the basic rate of 12.5%, Provinces may decide to increase or decrease the rate by a percentage not higher than 3.5%.

 
Beneficiary





Comments

Municipalities and some regions for revenue from insurance on motor vehicle.

 
Geographical Scope

State.

 
Taxpayers

The tax is payable by the insurer, but he is entitled to recover it from the policyholder. The latter pays the tax on insurance policies taken out abroad.

 
Tax object and basis of assessment

Insurance policies taken out on Italian territory by both Italian and foreign companies, societies or firms, however constituted, or by private individuals.

Insurance policies taken out abroad in cases where they are to apply on Italian territory, or where they cover movable or immovable goods situated on Italian territory, ships or aircraft of Italian nationality; goods transported to or from Italy, provided the policy was taken out on behalf of persons or firms domiciled or established in Italy, and provided that the insurance policy concerned was not taxed abroad; life, accident, sickness or civil liability insurance policies taken out on behalf of persons domiciled or resident in Italy; and civil liability involved in an economic activity carried on in Italy.

Life annuities, paid out in cash, taken out in Italy by the insurance companies referred to above and contracts concluded with foreign insurance companies by persons domiciled in Italy.

The tax is not payable on insurance policies covering movable or immovable goods situated abroad, or on ships or aircraft of foreign nationality, unless they are used in Italy.

The tax is not payable on reinsurance policies when they cover insurance for which the tax has already been paid or which is tax‑free.

 

The amount of the premium and any additional sum paid by the policyholder to the insurer or in the case of mutual benefit insurance, the sum, under whatever name, paid by the insured person to the mutual benefit society; contributions towards guarantee funds for the payment of indemnities are tax‑free.

 
Deductions, Allowances, Credits, Exemptions

As official table attached to the Law .TABLE B Law n. 1261/61 (reductions); TABLE C Law n. 1261/61 (exempions).

 
Rate(s) Structure

Range from 2.50 to 21.25 %, according to type of insurance or of annuity contract (third‑party insurance for motor vehicles and vessels: 7 %).

Rates are increased by 25 % for private insurance policies and annuity contracts.

 
Tax due date

Payment must be done in the month following that in which the prize is received.

 
Tax collector

Direct payment to collection agency, even through enabled post offices or banks.

 
Special features

 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d214ga + d51al

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 3,544.00 EUR 0.22
2011 3,260.00 EUR 0.20
2010 2,797.00 EUR 0.17
2009 2,721.00 EUR 0.17
2008 2,977.00 EUR 0.18
2007 3,236.00 EUR 0.20
2006 3,092.00 EUR 0.20
2005 2,849.00 EUR 0.19
2004 2,631.00 EUR 0.18
2003 2,528.00 EUR 0.18
2002 2,354.00 EUR 0.17
2001 2,036.00 EUR 0.16
2000 1,838.00 EUR 0.15

Comments