IPT Update – October 2014
Regulatory update 1 minute read

IPT Update – October 2014

01 October 2014

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All domestic insurance policies are exempt from VAT until 30 June 2015. From 1st July 2015 the exemption will continue to apply only on reinsurance and life policies and all other policies will be taxed.


Motor IPT rate is increased in the province Medio Campidano from 1 November 2014.


Flood Re levy plans for domestic property and fire policies are still on track for implementation in summer 2015.

USA – Illinois

Stamping Fee will be increased on surplus lines policies effective on or after 1 January 2015.


Government proposes to introduce annual duty on insurance premiums for indemnity insurance policies from 1 January 2015.

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