Netherlands: New decree on insurance premium tax | KPMG | GLOBAL
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Netherlands: New decree on insurance premium tax

Netherlands: New decree on insurance premium tax

A new decree on insurance premium tax released this week replaces the 2014 decree, and includes changes concerning:


Related content

  • The exemption for the insurance of seagoing vessels is extended, with an exemption provided for the cover of the mortgage-related interest in a seagoing vessel.
  • The scope of the exemption for export credit insurances has been explained in more detail. 
  • Approval mechanism for the taxation of co-insurance (for the leading insurer to pay the insurance premium tax due) has been tightened. 
  • Approval for intermediary activities by retailers/franchise holders has been added. 

The decree is relevant for insurers, intermediaries and brokers (including retailers/franchise holders). 

KPMG observation

The insurance premium tax regimes within the EU and across the globe differ from one another. The Dutch decree on insurance premium tax only applies insofar as there is a Dutch risk. If the risk lies entirely or partly in another country, it will be necessary to also examine the rules applying in that country.


Read a February 2017 report prepared by the KPMG member firm in the Netherlands

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