VATupdate

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Lower-Cost Insurance Tariff Brokerage Is VAT-Exempt

  • The German tax court (BFH) clarified that brokering cheaper insurance tariffs is VAT-exempt.
  • This exemption also applies when the policyholder already has an existing contract with the insurer.
  • It does not matter for VAT purposes whether the intermediary only arranges a contract amendment instead of a completely new insurance contract.

Source: datenbank.nwb.de

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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