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.