Regulatory update

January 2015 IPT Update

13 January 2015

An update of all IPT country news in January 2015.

Countries:

TMF Group January 2015 IPT Update

Greece
The authority has abolished the contribution to the Insurance Employees Pension Fund with effect from 1st January 2015.

Italy
Motor IPT rate has increased in the province Isernia.

Norway
The rate for the Norwegian Natural Perils Pool remains unchanged for 2015.

Slovenia
IPT rate has increased from 1st January 2015.

Uganda
Reinsurance policies have been exempted from VAT as of 24th October 2014. However, Withholding Tax has been introduced on policies with a retroactive effect as of 1st July 2014.

USA
Stamping Fee has increased for surplus lines business in the state of Illinois from 1st January 2015.

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