The Ministry of Finance (MoF) has issued the here below Decision No. 244/1 dated 07/06/2020 published in the Official Gazette No. 44 dated 12/11/2020 relating to the tax treatment of profits made by insured in the form of investment returns as regard to the premiums paid to insurers and underwriters, by adding a new paragraph to article 2 of the MoF Decision No 393/1 dated 22/4/2017.
Thus, the net profits referred to in the first paragraph of the said article are determined by the difference between the paid amounts by the insurance company to the insured or to the contracting party and the value of the premiums relating to the investment and allotted to the constitution of the funds. Shall not be included however in the calculation of these premiums:
– Life insurance premiums.
– Commissions paid to brokers and intermediairies.
– All expenses collected by the insurance company.