The International Underwriting Association (IUA) has published information on the taxation of insurance contracts within the 10 new EU member states.
The IUA said it has released the information as part of its annual review of insurance premium tax across the continent.
A ‘tax mat' has been compiled outlining how taxes are calculated, who is liable to pay them, and when they must be paid in each individual country. The research also provides facts about other para-fiscal taxes and stamp duty that may be payable.
The tax mat shows tax rates applicable to various lines of business for each of the countries in the EU and the European Economic Area, including Switzerland.
