April IPT update
Regulatory update

April IPT update

08 April 2015

News and regulatory updates

Welcome to TMF Group’s regular insurance premium tax update from its offices around the world.

Canada: Alberta

Alberta’s Fiscal Plan 2015-20 specifies an insurance premium tax increase of 1% as of 1 April 2016. The new tax rates will be 3% on premiums for life, accident and sickness, and 4% for other types of insurance.


Changes to Insurance Premium Tax on health policies have been applied to the General Tax Code (CGI) under Section 1001. As of 1 Jan 2016 IPT will no longer apply to any health policies; the current rates of 7% on mandatory non-conditional policies and 14% on conditional-with-examination (disclosure) policies will be removed. 


Motor IPT in Cagliari has increased from 12.5% to 16% as of 19 March 2015.

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