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Tax Alert

October 2012

Czech Republic – Insurance Premium Tax Based on the information released by the Czech authorities, it would appear that the new IPT regime will not be implemented until Parliament has approved the IPT legislation. This will most likely be 2014. In accordance with Decree Nr. 361 from 23rd May 2012, the Czech Government instructed the Ministry of Finance to present the draft IPT legislation to Parliament for its approval by 31st December 2013. FiscalReps is in regular dialogue with the Czech Republic and should any dates be brought forward we will notify you straightaway. In the meantime, FiscalReps will update you about filing, settlement and IPT rates as this information is made available. Contact If you have any questions regarding this alert, please contact Nick Hammond on +44 (0)20 7036 8070, or by email to nick.hammond@fiscalreps.com Why FiscalReps? Since Formation in 2003, FiscalReps has been the market leader in the field of international IPT compliance, providing robust compliance solutions for over 200 clients, including many of the world’s largest insurers and captive owners. With qualified professionals in the areas of finance and insurance, and with extensive experience gained both in the London market and internationally, FiscalReps is able to harness technical skills and market experience to deliver a robust but common-sense IPT compliance solution. FiscalReps is a market leader in Insurance Premium Tax (IPT) compliance services offering a suite of solutions to assist clients in achieving and maintaining premium tax compliance: Outsourcing •

full premium tax compliance service through one point of contact

Technology •

tools to allow insurers to manage their own IPT compliance

Consulting •

bespoke consultancy projects

Training •

comprehensive premium tax training

t: +44 (0)20 7036 8070 | f: +44 (0)1252 379 671 | www.fiscalreps.com @fiscalreps FiscalReps

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