Following the announced increase of the insurance premium tax, we are currently receiving, through your feedback, divergent communications from several insurers.<\/p>\n\n\n\n
As the law has not yet been adopted \u2013 it is expected to form part of a future ‘miscellaneous provisions’ act \u2013 the information below should be considered subject to the final adoption<\/strong> of the law and the effective date that will ultimately be determined.<\/p>\n\n\n\n Based on the current understanding, an entry into force on 1 April 2026 is envisaged. <\/p>\n\n\n\n From our discussions with Assuralia, we understand that the determining trigger for the applicable tax rate is the moment the premium becomes due<\/strong>, i.e. the effective date of the coverage or, in the case of instalment premiums, the start date of the relevant premium period.<\/p>\n\n\n\n According to this interpretation, this would imply:<\/p>\n\n\n\n At the same time, we are receiving communications from certain insurers in the market applying different criteria, for example:<\/p>\n\n\n\n \u201cAll bookings after 01\/04\/2026 must be processed using the new rate of 9.6%.\u201d These messages do not appear fully aligned with the understanding we currently have following our discussions with Assuralia. This may result from misunderstandings, provisional internal interpretations, or pragmatic operational approaches. We have asked Assuralia to clarify the matter through its usual communication channels, in order to ensure consistent communication across the market. Should insurers communicate a different interpretation, do not hesitate to refer them to Assuralia<\/strong>, so that any divergence can be clarified through the usual sector channels.<\/p>\n\n\n\n We are aware that the current context may create legal uncertainty, and that using the premium due date as the trigger may also have significant technical implications for systems and processes.<\/p>\n\n\n\n Becobra will continue to keep its members informed of developments in this matter. Any additional questions or practical cases may be forwarded to us; we will compile them in order to discuss them further with Assuralia and the relevant stakeholders.<\/p>\n\n\n\n Finally, according to recent communication from AG Insurance, where the booking is performed by them, they would temporarily absorb the additional tax cost as long as their systems have not yet been updated. Where brokers perform the booking themselves under a binding authority, the responsibility would, according to that communication, lie with the broker. <\/p>\n\n\n\n We are closely monitoring this matter and will keep you informed of further developments.<\/p>\n\n\n\n\n
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\u201cWe apply the tax based on the booking date.\u201d
\u201cFuture instalment premiums from 01\/04\/2026 will continue at 9.25% unless a modification is made to the policy.\u201d<\/em><\/p>\n\n\n\n