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Premium tax refers to a tax, imposed by each state, on gross premium written by insurers allocable to risks located in that state.
The German law for Insurance Premium Tax is Versicherungssteuergesetz, VersStG. German IPT is based on the premium charged to the insured. This includes any additional fees such as drafting costs. The IPT is charged to the policy holder, based upon the date of payment of the insurance premium.
There are two different insurance premium tax rates: a standard rate of 12% a higher rate of 20%
Insurance Premium Tax (IPT) is a tax on general insurance premiums, including car insurance, home insurance, and pet insurance. There are two rates of IPT: a standard rate of 12% and a higher rate of 20%, which applies to travel insurance, electrical appliance insurance and some vehicle insurance.
Insurance Premium Tax ( IPT ) is a tax on general insurance premiums.
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This guide to Insurance Premium Tax (IPT) is for insurers, brokers and anyone needing to understand IPT compliance. From tax managers to financial controllers and compliance managers, this guide provides information and advice for all those working in tax compliance. Tax Experts.
What is Insurance Premium Tax? Insurance Premium Tax (IPT) is a tax on general insurance premiums, including car insurance, home insurance, and pet insurance.

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