Insurance

As part of long-term business partnering relationships, we take care of the ongoing tax compliance obligations of insurance companies and prepare tax returns and tax declarations for all tax types. In addition, we offer practical, cross-tax-discipline advice on all ongoing tax issues and provide support during tax audits.

Alongside all general questions relating to income taxes, our core competencies is the handling the specific tax issues to the insurance industry. Amongst other things, our daily routine business covers tax issues arising from insurance-technical provisions, special issues relating to life and health insurance, or taxes in the Solvency II market value balance. We successfully support our clients with transaction advice, tax planning activities, fiscal audits, as well as during extra-judicial and judicial legal proceedings.

Insurance companies are among the largest investors worldwide. We advise on the structuring of investments and accompany the investment process, for example, during the tax due diligence phase. We do of course also provide ongoing tax compliance services for the investments of insurance companies. Our services cover not only domestic investments in Germany, but also complex cross-border structures in Europe and across the world. Our experts develop customised solutions that fit best to the client.

VAT and Insurance Premium Tax (IPT) are major cost factors for the insurance industry. Our strengths are: efficient process-optimised and software-based compliance combined with first class consultancy, e.g. for product design, sale structures and service chains in (international) business groups. This reduces costs and minimises compliance risks. 

When it comes to VAT, one of our strengths at WTS is advising on increasingly cost-relevant input tax allocation and documentation. We can rely on our international network when international issues arise.

We advise on establishing and improving tax compliance processes and internal tax control systems and certify tax processes at insurance companies. Our team of experts has extensive experience with large international financial service providers when it comes to income taxes, VAT and IPT.