The new rules for taxation of life insurance contracts
Finance Act 2011 to revise the tax rules for social security contributions from life insurance contracts Euro multi-media, changes in tax rates for social security contributions in the compartment of a life insurance contract says Euro multi-media (both annual and not the result of the contract), and second, by establish procedures to return to the settlement of contracts in the case of taxes for social security contributions, exceed the amount due on the entire agreement, effective upon completion of any capital gain or loss.
Thus, the social cost of sitting on the euro this contract. The law provides, in the completion of the contract, the mechanism repayment amount paid over the water when at the end of the contract is the amount paid exceeds the amount of payroll taxes to be paid after calculating the final return and effective multi-media contract.
To avoid this situation by the interaction of tax planning tax refund, the refund will reduce the amount of other expenses in calculating the tax shield.
Reform applies to registered bonds or contracts from July 1, 2011, with the exception of those entered in the accounts of technical interest and profit sharing for fiscal 2010.
Thus, the social cost of sitting on the euro this contract. The law provides, in the completion of the contract, the mechanism repayment amount paid over the water when at the end of the contract is the amount paid exceeds the amount of payroll taxes to be paid after calculating the final return and effective multi-media contract.
To avoid this situation by the interaction of tax planning tax refund, the refund will reduce the amount of other expenses in calculating the tax shield.
Reform applies to registered bonds or contracts from July 1, 2011, with the exception of those entered in the accounts of technical interest and profit sharing for fiscal 2010.
0 Response to "The new rules for taxation of life insurance contracts"
Post a Comment