Concessions on insurance tax from 1 January 2019 in the agricultural and forestry sector

In the course of Package of measures for agriculture and forestry was Unification The Insurance tax with all Agricultural elementary risk insurance decided.

So far documents that Hail damage insurance (Damage to the insured crops) and the Hail damage insurance for in the operation of agriculture or horticulture deployed Glass covers for the protection of ground products of a Insurance tax from 0.2 parts per thousand annual Sum insured.

Insurance against other elementary risks (flooding, drought, frost etc.) has so far been subject to standard insurance tax rate of 11% The Insurance premium. The insurance of buildings against hailstorm damage, for example, is subject to Buildings insurance an insurance tax rate of 11% of the insurance premium. The Insurance for cars against hail damage is also subject to insurance tax under comprehensive motor insurance.

Ab dem 1.1.2019 is the a lower tax rate of 0.2 per mille of the sum insured following Insurances Applicable

• Plant insurance against natural hazards such as hail, frost, floods, drought and other adverse weather conditions in agriculture and forestry;
• Insurance of facilities to protect plant crops against this Elementary damage (e.g. via glass covers);
• Insurance of farm animals against diseases, epidemics and accidents.

This Harmonisation of insurance premium tax This is to be welcomed in any case for all elementary risks in agriculture and forestry. The legislator expects savings for agriculture and forestry amounting to €5 million.

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