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Generic Tax Name Insurance tax
Tax name in the national language Impôt sur les assurances
Tax name in English Insurance tax
Member State LU-Luxembourg
Tax in force since 1944/10/26
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 on insurance tax of 9 July 1937 (RGBI I, p. 793);

Provisions implementing the law on insurance tax of 13 July 1937 (RGBI I, p. 797);

Grand Ducal Regulation of 26 October 1944 (Mémorial 1944, p. 80);

Grand Ducal Regulation of 23 July 1945 (Mémorial 1945, p. 422);

Law of 6 December 1990 reforming certain provisions concerning direct and indirect taxation (Articles 10 and 15);

Law of 8 December 1994 amending and supplementing, inter alia, the amended law of 9 July 1937 on insurance tax;

Law of 19 December 2008 amending certain provisions regarding indirect taxation (art. 10).

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

 
Geographical Scope

Grand-Duchy of Luxembourg.

 
Taxpayers

Insured persons, guaranteed by the underwriter.

 
Tax object and basis of assessment

Payments of premiums for certain types of insurance contracts (e.g. hail, theft, glass, civil liability, accident, fire, building, transport, marine, aircraft, motor, life, sickness, old age, disability, dowry, capitalisation contracts, etc.).

Generally, the premium including incidental expenses.

 
Deductions, Allowances, Credits, Exemptions

 
Rate(s) Structure

4%

 
Tax due date

Returns and payments are made on a quarterly basis by the underwriter.

 
Tax collector

Administration of indirect taxes (Administration de l'enregistrement et des domaines).

 
Special features

Exemptions:

Exemptions : Reinsurance, life assurance and alike contracts, and compulsory contracts with social insurance institutions, insurance on registered sea ships operating on international routes.

 
Economic function







Comments
 
Environmental taxes



Comments
 
Tax revenue
ESA95 code d214ga

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 41.60 EUR 0.10
2011 38.40 EUR 0.09
2010 39.80 EUR 0.10
2009 39.10 EUR 0.11
2008 36.10 EUR 0.10
2007 32.00 EUR 0.09
2006 30.00 EUR 0.09
2005 31.10 EUR 0.10
2004 26.60 EUR 0.10
2003 31.50 EUR 0.12
2002 25.70 EUR 0.10
2001 22.70 EUR 0.10
2000 23.00 EUR 0.10

Comments