Wpływ ustawy o podatku od niektórych instytucji finansowych na rynek ubezpieczeniowy
The impact of the act on tax on certain financial institutions on insurance market in Poland

Summary/Abstract: The aim of this article is to analyze the impact of the Act of 15 January 2016 on tax on certain financial institutions on insurance market in Poland. This act imposed on insurance companies and reinsurance companies tax on the excess of the sum of their assets, when the amount of their assets exceeds 2 billion PLN. The tax is to be paid in monthly billing cycle and its amount is 0,0366% of taxation base.Adopted regulation contains a number of questionable issues, which are pointed out in paper. Mentioned concerns – among others – are rejection of the nature of the assets of insurance companies, as well as prohibition to reduce the taxation base by the amount of own funds which play an important role in maintaining financial stability of insurance companies. As a result, clients of such companies have to recon with possible increase of premiums, especially because of fact, that adopted solution does not contain appropriate mechanisms to prevent – in the long perspective – swapping the tax on clients.

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