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V0841-25 ·20 May 2025 ·consulta-vinculante Low impact
Tax

No VAT or insurance tax on refund of unused premiums

An insurer asks whether refunds for non-occurrence of claims and profit distribution are subject to insurance tax and VAT. The DGT confirms that refunds of unused premiums are tax-exempt and allow for premium adjustment, while profit sharing is exempt from both taxes.

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2025-05-20PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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