28.03.2022 Compliance-Trap in International Insurance Programs We have been noticing an increased number of notifications to the Federal Central Tax Office during tax audits for the failure by German subsidiaries and permanent establishments to declare and pay over German Insurance Premium tax on premiums paid by a foreign group entity to an insurer domiciled outside the EU or EEA. This can prove very costly. Categories: Tax & Legal NewsflashKeywords: Insurance / Versicherungen, secondary li ...
04.02.2015 Used car warranty by third party an insurance? An ECJ advocate general has suggested the court hold the provision of a warranty by an independent business for certain components and assemblies within used cars sold by a dealer is an insurance, the premium for which should be taxed as such. Categories: From EuropeKeywords: Insurance / Versicherungen, Insurance ta ...
26.02.2014 No insurance tax for warranty risks on construction work abr ... The Supreme Tax Court has held that insurance taken out with an EU/EEA insurer to cover warranty risks on a plant constructed outside Germany is free of insurance tax. However, the same insurance taken out with a non-EU/EEA insurer is subject to the tax if the insured person is a domestic legal or natural person. Categories: Supreme Tax Court casesKeywords: Insurance / Versicherungen, Insurance ta ...
06.11.2013 Discounting of insurers' claim provisions The finance ministry has extended a temporary provision allowing an averaged discount on the claim provisions of insurance companies to years ending on or before December 31, 2015. Categories: Official PronouncementsKeywords: Insurance / Versicherungen, provision, c ...
15.11.2012 Medicine rebates to state system health funds reduce turnove ... The finance ministry has decreed that pharmaceutical companies reduce their turnover for VAT with their rebates to state system health funds, but not with rebates paid to private health insurers. Categories: Official PronouncementsKeywords: Insurance / Versicherungen, rebate, heal ...
