Globe Wireframe

Thought Leadership

Insights and analysis of the latest news and trends affecting the insurance and employee benefits industries

Back to Thought Leadership


A guide to IPT in East Asia

01 February 2017

As the growing trend of governments taxing insurance premiums shows no signs of stalling, Axco takes a look at the pressures of IPT and VAT on insurance premiums. 

The graphic below gives a summary of some of the higher and lower insurance tax countries in East Asia (not inclusive of parafiscal charges and levies) and some of the approaches governments have taken when tackling the implementation of what can already be seen as a complex area for insurance companies, agents and policy holders.

 

Barriers to Insurance

Click to Enlarge