Are there tax implications for customers associated with offering Global Life Insurance to employees?

Article author
Ariyo Raji
  • Updated

In some countries, Insurance Premium Taxes are imposed on the cost of Life, Accidental Death & Dismemberment, or Permanent Disability insurances. This means that as a company, you may be responsible for paying taxes on the life insurance plans you decide to provide. Learn more about these taxes and where they below:

  Life AD&D
Permanent Disability
Austria 4% 4% 4%
Belgium 4.40% 9.25% 9.25%
Bulgaria 0% 2% 2%
Cyprus €18 €2 €2
Denmark 0% 1.10% 1.10%
France 0% 0% 0%
Germany Exempt 19% 19%
Greece 4% 15% 15%
Italy 0% 2.50% 2.50%
Luxembourg Exempt 4% Exempt
Malta 10% 11% 11%
Portugal 2.50% 7.50% 7.50%
Spain 0% 8.15% 8.15%
Slovakia Exempt 8% 8%
United Kingdom (UK) Exempt 12% 12%

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