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Insurance tax services

Managing tax obligations responsibly lays a foundation for sustainable long-term growth. Drawing on the combined skills of tax professionals in 126 countries, you’ll benefit from our deep understanding of critical tax issues.

Our global network helps you align your company’s international tax position and FATCA related issues while managing worldwide tax risks and meeting cross border reporting obligations.

Specifically, we can assist you with:

  • Assistance on Luxembourg direct tax  issues
  • International tax services
  • Tax planning, tax structuring
  • Transfer pricing and tax-effective supply chain management
  • Indirect tax, including VAT and insurance premium tax
  • Human capital tax services
  • Preparation of tax returns
  • Tax accounting and risk advisory services
  • Tax reporting
  • Tax support within the scope of due diligence

Captive reinsurance companies tax services

Creating and managing a captive reinsurance company can enable you to save huge amounts on insurance premium, but it can also turn out to be costly if inefficiently tax structured. For instance, the very advantageous Luxembourg equalization provision is only relevant if tax aspects are properly addressed.

In this respect, Luxembourg is a very competitive captive domicile for regulatory and tax reasons and with Solvency II requirements coming ahead, locating a captive in a fully compliant State becomes crucial.

Solutions developed by EY professionals will address your needs to create not only a tax efficient structure, but also a cost saving and potential profit making center thanks to the valuable experience of our team in tax and insurance business.

In particular, we can offer you the following services:

  • Tailored made tax planning and tax structuring
    • Developing tax efficient solutions addressing the equalization provision ceiling and reversal
  • Preparation of tax returns for reinsurance companies (i.e. corporate tax and VAT)
  • Assistance on on-going tax issues of the reinsurance companies
  • Tax support within the scope of due diligence

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