Stamp Duty levies

Levies are applied on additional items. Life and non-life insurance premiums, pensions, health insurers and contributions to the Insurance Compensation Fund. In addition they are applied to policies of insurance other than life insurance.

Policies of Insurance (Non-Life)

Per policy: €1

Non-Life Insurance Levy on premiums

Section 125 of the SDCA imposes a levy of 3% on the gross amount received by an insurer in respect of certain non-life insurance premiums.

Exceptions are:

  • re-insurance
  • voluntary health insurance
  • marine
  • aviation and transit insurance
  • export credit insurance
  • certain dental insurance contracts.

The 3% levy applies to:

  • premiums received on or after 1 June 2009 in respect of offers of insurance
  • notices of renewal of insurance issued by an insurer on or after 8 April 2009

For renewal and offers of insurance issued prior to 8 April 2009, a 2% levy applies.

The Non-Life Insurance Levy on premiums will be collected in conjunction with the contribution to the Insurance Compensation Fund.


Insurance Compensation Fund

Revenue is authorised to collect the appropriate contribution (section 6 of the Insurance Act 1964 as amended by section 7 of the Insurance (Amendment) Act 2011).

The Contribution to the Fund should be returned in conjunction with the existing Insurance Levy on premiums.

Levy on certain Life Assurance Premiums (for each quarter)

Section 124B of the SDCA provides for a levy of 1% on life assurance premiums commencing with the quarter ending on 30 September 2009,

The insurer should send the completed Levy on certain Life Assurance Premiums form with payment and statement showing the assessable amount for the insurer for the quarter.

Levy on health insurers

Finance Act 2013 amended section 125A of the SDCA to provide for an increased levy on health insurers.

Levy on health insurers - 1 January 2013 - 31 March 2013
AgeRate
Aged less than 18 years €95
Aged 18 years or over €285
Levy on health insurers after 31 March 2013
AgeNon-advanced coverAdvanced Cover
Aged less than 18 years

€100

€120

Aged 18 years or over

€290

€350

Pension Levy

Information regarding filing and payment.

Payment Options

Payment of Policies of Insurance can be made though a ROS by  selecting  Payment or Revpay option.