THE NEW TAX ON THE INSURANCE PREMIUMS – LEGAL CHARACTERISTICS
Additional contact information
Valentina Alexandrova: South-west university "Neofit Rilski"
Economics and Management, 2011, vol. 7, issue 3, 41-46
The adopting of the Law on the Tax on Insurance Premiums does not change the existing order of taxation of the insurers’ profits according to the Law on Corporate Income Tax. In our legislation by far, the taxation on insurance contracts was governed by the Law on VAT and such services have been exempt from taxation since there is a ban on the taxation of insurance services with value added tax under the provisions of Art. 401 of Directive 2006/112/ÅU from 28th Nov. 2006 referring to the general plan of VAT. Based on our legal analysis of the Tax on IP, we have defined it as: indirect, monophase, single, selective, monthly, republican tax, on insurance services guaranteeing risks on the territory of Republic of Bulgaria.
Keywords: Tax on Insurance Premiums; Subject to taxation; Taxable (tax liable) persons; Char geability; Tax base; Tax rate; Tax period; Administrative and penal provisions (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://em.swu.bg/images/SpisanieIkonomikaupload/Sp ... 0CHARACTERISTICS.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:neo:journl:v:7:y:2011:i:3:p:41-46
Access Statistics for this article
More articles in Economics and Management from Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD Contact information at EDIRC.
Series data maintained by Vladislav Krustev ().