Get Insurance Premium Tax right and improve your compliance
Avalara can help your insurance company save time, improve efficiency, and stay compliant as you grow.
Video: Avalara for Insurance helps you solve insurance tax compliance challenges.
Get Insurance Premium Tax right and improve your compliance
Avalara can help your insurance company save time, improve efficiency, and stay compliant as you grow.
Video: Avalara for Insurance helps you solve insurance tax compliance challenges.
Avalara helps Insurers solve compliance challenges
Your challenge:
There are hundreds of tax types in the insurance industry, and your company is subject to premium taxes and additional assessments. This makes compliance a huge challenge. Understanding all the rules is time-consuming, and so is researching them.
Our solution:
Avalara offers comprehensive insurance tax research. What you’re looking for can be quickly found and easily referenced, providing clarity and saving time.
Your challenge:
Tax rates and rules vary by country, and authorities differ on how insurance companies must register. With so many regulations to keep up with, you can easily make mistakes.
Our solution:
Avalara provides updated rates and rules from around the world, supported by in-country experts. Automated updates to forms also mean you have fewer manual tasks to contend with.
Your challenge:
You’re likely using a combination of new and legacy systems. Managing your compliance in this way is not only risky, and problematic for IT, but it’s unlikely to survive future developments in tech requirements or tax legislation.
Our solution:
Avalara solutions can likely integrate into systems you already use, eliminating the need for major overhauls and ongoing maintenance. Compliance can be achieved today as well as in the future.
Your challenge:
Entering new markets adds to your compliance liabilities. Inefficient compliance management could mean diverting staff from revenue-generating roles to assist with compliance tasks, slowing your growth.
Our solution:
Avalara solutions allow you to offload manual and time-consuming compliance tasks so your teams can focus on new business. Avalara offerings are scalable so you can meet new demands as you grow, without the need for constant upgrades.
Our complete solution gives you modular flexibility
Tax Research for Insurance
Use intuitive research tools or get direct access to tax researchers to help with tax decisions
Get tax right by providing comprehensive, up-to-date, and easy-to-understand tax research relevant to your business
Access a library of the latest rates and rules from around the world, with explanations for complex tax legislation presented by item, category, and geography
Get relevant Insurance Premium Tax information, regulatory information, exceptions, reporting and filing requirements, and more
Quickly determine if tax is charged to the insurer, customer, or broker
AvaTax for Insurance
Calculate global insurance taxes and rates, and check rules from around the world
Integrate into the systems you already use
Use a single portal for all systems of tax liability, ensuring all taxes are consistent and accurate
Improve the efficiency of your team with the help of automation for compliance tasks
Work with reliable data that’s continuously updated via advanced tracking tools and verified by our content experts
Get verification that insurance tax returns have been received by tax authorities
Avalara Managed Returns
Let Avalara prepare and file returns on your behalf to improve compliance and reduce risk
Simplify the returns process in over 40 countries, including France, Spain, Belgium, Germany
Monitor your compliance process with a workflow tailor-made for your business
Make it easier for your team to process and track with Excel integration
Get quick responses to tax notices with information stored in the cloud
Additional resources
Customer references
“We have been a client since 2011 when we were looking for a comprehensive tax compliance solution across multiple territories. Avalara for Insurance developed a tailored solution that could efficiently highlight our monthly insurance premium tax & compliance liabilities across all of our product lines.”
Head of Indirect Tax, Global Insurer
“Avalara for Insurance have proven themselves to be flexible and client-focused. I would recommend them and their partner network to deliver on their promises.”
Head of Tax, Global Broker
Key findings on cross-border tax complexity
Our Centre for Economics and Business Research (CEBR) report outlines the compliance challenges for U.K. businesses expanding overseas.