On Aug. 10, ITA GVT issued decree on amount and payment of fee.
ITA GVT issued Minister of Economy Decree of Aug. 5 2024 on amount and method of payment of 2024 contribution to ITA INS for insurance and reinsurance activities.
Amount and Obliged Subjects
The supervisory contribution due for 2024 to ITA INS by subjects referred to in art 335, paragraph 1, DLgs 209/2005 is established in the measures indicated.
0.55 per thousand of premiums collected in 2023 to be paid by insurance, reinsurance companies with registered office in Italy and secondary offices of insurance companies and non-EU reinsurance companies established in Italy.
0.14 per thousand of premiums collected in Italy in 2023 to be paid by EU insurance companies operating in Italy under freedom of establishment, provision of services.
Supervisory contribution paid by representations located in Italy of EU companies operating in Italy under establishment regime, on basis of premiums collected in Italy.
By parent companies of EU companies operating in Italy under freedom to provide services, either directly from country of origin or representations located in other EU countries, with regard to the overall premiums collected in Italian territory.
EU pure reinsurance companies operating in Italy in establishment regime registered in list III in appendix to Business Register are excluded from the paying supervisory fee.
To determine supervisory contribution, premiums collected in 2023 financial year by insurance and reinsurance companies, net of costs of management, quantified, in relation to rate set with ITA INS provision 124/2022, in measure 4.26% of premiums.
Payment
The supervisory contribution is paid directly to ITA INS within terms set out in art 335, para 5, DLgs 209/2005 according to methods in ITA INS prov 39/2015, as amended.
Sep. 2024 Reminder
On Sep. 13, 2024, ITA INS issued reminder on deadline and terms of contribution due.
Recalls Decree of Aug. 5, 2024 and Decree of Aug. 6, 2024 set amount of supervisory contributions for current year to be paid by Italian and foreign insurance, reinsurance companies and intermediaries, respectively.
Contribution must be paid exclusively via PagoPA system with methods stated on ITA INS website (links provided); the deadline for payment is Oct. 14, 2024.
Foreign companies, intermediaries that cannot use PagoPA system can pay by bank transfer, using Unimatica bank details, company that collects ITA INS contributions.
Those who pay for first time can request IBAN and SWIFT code of Unimatica by email.
Regulators
ITA GVT; ITA INS
Entity Types
IHC; Ins
Reference
Nt 9/13/2024; OG 187, 24A04244, 8/10/2024; Decree 8/6/2024; Decree 8/5/2024; Prov 124/2022; Prov 39/2015; DLgs 209/2005; Citation: Decree of Aug. 5 2024;
