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Global Insurance Regulatory and Premium Tax Update – June 2013


The Global Insurance Regulatory and Premium Tax Update provides a summary of the latest insurance regulation and premium-related developments affecting insurance contracts procured by a multinational group.

This update covers:

  • Australia – Australian capital territory: Stamp duty
  • Australia – Tasmania: Stamp duty.
  • Australia – Victoria: Fire service levy.
  • Canada – Manitoba: Increase in retail sales tax.
  • Canada – Quebec: Decrease unlicensed premium tax.
  • Colombia – Non-admitted insurance.
  • Greece – Auxiliary fund rate increase.
  • India – Compulsory cession reduced.
  • Sri Lanka – Increase in stamp duties.