Austria IPT

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Find out more about IPT.

Austria Insurance Premium Tax Law

The Austrian law for Insurance Premium Tax is contained within Acts laid down by the Ministry of Finance.

Basis of Austrian IPT Calculation

The basis for the IPT calculation is the total amount of the premium payable by the insured including brokers’ and agents’ commission.  The tax does not have to be shown in addition to the premium.

Austrian IPT Liability

The insurer is liable for the tax calculation and payment. EEA insurers operating on the Freedom of Services basis are not required to appoint a local tax representative.

Austria IPT Rates

Principal insurance classes incurring IPT in Austria include:

  • Property and fire;
  • Motor liability (depending on engine size);
  • Travel;
  • Life (depending on duration of policy and if more than one premium is paid);
  • Health;
  • Accident; 
  • Hail; and
  • Occupational group insurance and supplementary annuity insurance.

Reinsurance, goods in transit for international cargo and export credit are all exempt from Austrian IPT.
There are variations to the rates outlined above.  

Austrian Parafiscal Charges

In addition to Austrian IPT, there is also Fire Brigade Charge which is due on property and fire premiums.
This charge is split equally between the insurer and the policyholder.

Payments of Austrian IPT/Parafiscal Charges

Both Austrian IPT and Fire Brigade Charge are payable on a monthly basis on the 45th day following the reporting period.

Find out more about IPT.