French IPT Standard Premium Tax (TSCA)
Basic Information
FR_IPT_STD
EUR
Calculation Settings
premium
percentage
policyholder
insurer
General Liaibility
Coverages
Tax Table
Effective From: 1990-01-01
| Rule Type | Amount | Amount Type | Default | Applies to Standard | Additional Premium Types | Conditions |
|---|---|---|---|---|---|---|
| simple | 12 | percentage | — | No | — | None |
Property and fire
Coverages
Notes
Property and fire
The general rate of premium tax is 9% although different rates apply to fire risks, see below. Exemption applies to agricultural risks however 11% national agricultural catastrophe fund will apply instead.
Exemption also extends to vessels under repair and vessels under construction (on land or afloat) but does not cover harbour or shore installations, cranes etc.
Exemption applies to property risks where the property is located outside of France. This includes in-orbit space objects and launch risks outside of France.
Property risks include: exhibition (excluding transit), fine art, jewellers block, space vehicles, theft, livestock, bloodstock, hail and fire and natural forces. Please note this list is not exhaustive
Premium tax rates for fire risks:
- Fire element of a household policy - 30%
- Fire element of professional risks other than those relating to agriculture (including related business interruption) - 12%
- Fire element of non-exempt agricultural risks (including related business interruption) - 7%
- Fire element of insurance covering administrative buildings belonging to local authorities - 7%
- Fire caisses departmentales (applicable in very limited circumstances in relation to public buildings) - 24%
The amount of the gross premium relating to fire should be agreed by underwriters. Typically the French authorities would expect the minimum amount to be between 25% and 30%.
Premium tax is charged on the total premium including if applicable the natural catastrophe additional premium. Terrorism is covered separately, for details please select Terrorism under the appropriate Tax by risk section.
Tax Table
Effective From: 1990-01-01
| Rule Type | Amount | Amount Type | Default | Applies to Standard | Additional Premium Types | Conditions |
|---|---|---|---|---|---|---|
| complex | 30 | percentage | — | No | — | household_risk = True |
| complex | 12 | percentage | — | No | — | professional_risk = True |
| complex | 7 | percentage | — | No | — | agricultural_risk = True |
| complex | 7 | percentage | — | No | — | local_authority_risk = True |
| complex | 24 | percentage | — | No | — | caisses_department_risk = True |
| simple | 9 | percentage | — | No | — | None |
Custom Properties
| Key | Value |
|---|---|
| GENIUS_TAX_CODE_PERCENTAGE | IPTFR2 |
| GENIUS_TAX_CODE_AMOUNT | IPTFR |
Notes
Metropolitan France In metropolitan France, the standard TSCA rate is set at 9%. Specific rates and surcharges apply depending on the nature of the risk:
- Automobile (Civil Liability): 18%
- Property Damage (Multi-risk Home): 9%
- Fire (Business Property and Business Interruption): 12%
- Fire (Agricultural Risks): 7%
- Supplementary Health Insurance (TSA): 13.27% (for responsible contracts)
Overseas Departments and Regions (DROM) Indirect taxation is generally aligned with that of metropolitan France.
- Guadeloupe, Martinique and Réunion: Application of the same TSCA rates as in metropolitan France.
- French Guiana: Application of a reduction of (50%), which reduces all metropolitan rates by half (e.g., base rate at 4.5%).
- Mayotte: Application of the same rates as in metropolitan France (base rate at 9%).
Overseas Collectivities (COM): These territories benefit from broad fiscal autonomy, making the metropolitan TSCA (Tax on Insurance Contracts) inapplicable:
- New Caledonia: The TSC-A is levied locally (often allocated to organizations such as the Rural Agency) and has its own tax rates.
- French Polynesia: Insurance contracts are subject to specific local duties and taxes (contracts related to property damage or personal injury benefit from exemption schemes specific to the territory).
- Saint-Pierre-et-Miquelon, Saint-Martin, and Saint-Barthélemy: These collectivities apply their own indirect taxation schemes that replace the metropolitan mechanisms.