ITIC Circular: Danish IPT

To : All Members in Denmark & Insurance Brokers

We are writing to explain the latest tax arrangements in Denmark for the purchase of professional indemnity insurance, for which the tax authorities in Denmark now charge insurance premium tax (IPT) at the rate of 1.1%.

All debit notes and credit notes for Members in Denmark will now include Danish Insurance Premium Tax (IPT). The tax will be collected together with premium payments. ITIC will then remit the tax, on behalf of its Members in Denmark, to the Danish tax authorities.

If you have any questions, we would be pleased to answer them.

Regards,

Charlotte Kirk

Director