IDEAS home Printed from https://ideas.repec.org/a/vrn/journl/y2011i3p65-79.html
   My bibliography  Save this article

Alternative taxation of the insurance business

Author

Listed:
  • Stoyan Kirov

    (Varna University of Economics)

Abstract

In the article there are examined the alternative forms of taxation of the insurance business. Particular attention is paid to insurance premium tax, which has been part of the tax system in this country since the beginning of 2011. In that connection there are drawn the grounds for its introduction, as are presented the advantages and disadvantages of the tax and outlined specific measures for its future development. The principal argument in favour of the introduction of insurance tax premiums in Bulgaria is to increase the revenues in the state budget. In addition, the low tax rate is expected to create conditions for tax competition beneficial to the country. The greatest fears f or those in power is that there might appear some of the deforming effects of the tax on consumption. At this stage it is accepted well by insurers and their customers, causing no serious conflict situations.

Suggested Citation

  • Stoyan Kirov, 2011. "Alternative taxation of the insurance business," Business & Management Compass, University of Economics Varna, issue 3, pages 65-79.
    • Handle: RePEc:vrn:journl:y:2011:i:3:p:65-79
    as

    Download full text from publisher

    File URL: http://journal.ue-varna.bg/uploads/20140726090453_147125311653d36f35cb843.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrn:journl:y:2011:i:3:p:65-79. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Yana Doneva (email available below). General contact details of provider: https://edirc.repec.org/data/uevarbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.