Insurance Post

Tax changes cause new year headaches for European insurers

Tax

Tax changes that came into effect in Denmark, Hungary and the Netherlands on 1 January 2013 could pose challenges for insurers and brokers.

A bill passed by the Danish parliament on 19 December increased the tax on pleasure craft insurance from the annual rate of 1% to 1.34% of insured sums.

Insurance tax consultancy Fiscal Reps said that

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