What is Insurance Premium Tax (IPT)?
Insurance Premium Tax is a Government led tax on general insurance premiums.
Exemptions from this tax include life insurance, permanent health insurance and all other ‘long term’ insurance, except medical insurance.
The current rate of Insurance Premium Tax is 12%.
Insurance Premium Tax is a Government led tax on general insurance premiums.
Exemptions from this tax include life insurance, permanent health insurance and all other ‘long term’ insurance, except medical insurance.
The current rate of Insurance Premium Tax is 12%.