THE NEW TAX ON THE INSURANCE PREMIUMS – LEGAL CHARACTERISTICS

VALENTINA ALEXANDROVA

 

Abstract

The adopting of the Law on the Tax on Insurance Premiums does not change the existing order of taxation of the insurers’ profits according to the Law on Corporate Income Tax. In our legislation by far, the taxation on insurance contracts was governed by the Law on VAT and such services have been exempt from taxation since there is a ban on the taxation of insurance services with value added tax under the provisions of Art. 401 of Directive 2006/112/ЕU from 28th Nov. 2006 referring to the general plan of VAT. Based on our legal analysis of the Tax on IP, we have defined it as: indirect, monophase, single, selective, monthly, republican tax, on insurance services guarante eing risks on the territory of Republic of Bulgaria.

 

Key words

tax on insurance premiums; subject to taxation; taxable (tax liable) persons; char geability; tax base; tax rate; tax period; administrative and penal provisions.

 

References

Голева, Поля - За новия данък върху застрахователните премии, Сп. "Финанси и право", бр. 8, 2010 г.

Директива 2006/112/ЕО от 28 ноември 2006 г. относно общата система на данъка върху добавената стойност;

Иванов, Росен - "Закон за данък върху застрахователните премии “Публикувано в правно-информационна система Сиела;
http://www.trudipravo.bg/index.php?option=com_content&view=article&id=1191:epifp201011&c atid=39: epifin&Itemid

 

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