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Tax & Legal

Tax & Legal

No insurance tax for warranty risks on construction work abroad insured within EU/EEA


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. Continue reading