January 2015 IPT Update

An update of all IPT country news in January 2015.

TMF Group January 2015 IPT Update

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

Motor IPT rate has increased in the province Isernia.

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

IPT rate has increased from 1st January 2015.

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.

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

Regulatory update

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