Insurers.global

AU · Country / territory

Reinsurance tax in Australia

Source-supported

Evidence reviewed · recorded

Section 148 election taxes 10% of gross premiums at applicable non-resident company rate; without election, premiums generally non-deductible and recoveries excluded. Not a universal 10% premium tax.

Deemed-profit income tax

Election-dependent: 10% deemed income

Source-supported

Section 148 election taxes 10% of gross premiums at applicable non-resident company rate; without election, premiums generally non-deductible and recoveries excluded. Not a universal 10% premium tax.

Tax base
See source and conditions; not an all-in tax rate.
Legal effective dates
Not established — review date is not the effective date

Premium-tax exemptions do not establish exemption from withholding, VAT, stamp duties or other charges. Treaty relief, registration, line of business and transaction date require separate assessment.

Observation history

1 recorded observations. Research history is not a reconstructed legal rate series. Later corrections leave earlier observations intact.

2026-10-23T06:48:42Z · Source-supported

Evidence reviewed 2026-10-06. Initial publication of supplied research; earlier tax history not reconstructed.

Section 148 election taxes 10% of gross premiums at applicable non-resident company rate; without election, premiums generally non-deductible and recoveries excluded. Not a universal 10% premium tax.

Observation: au-20261023-01

Deemed-profit income tax: Election-dependent: 10% deemed income — Section 148 election taxes 10% of gross premiums at applicable non-resident company rate; without election, premiums generally non-deductible and recoveries excluded. Not a universal 10% premium tax.
Effective from: unknown; until: not established.