ALTO Insurance Team – tax and legal support for the insurance industry

The Polish insurance market is constantly evolving through, among other things, the introduction of new products, distribution channels and increased investment in innovation. Although there has been no shortage of crises of various origins in recent years, the market is quite resistant to turbulence. In running their business in a stable and secure manner, companies in the insurance market are supported by professional tax and legal advisory entities such as ALTO.

At ALTO, we are familiar with the specifics of the insurance industry and the regulations relevant to it. Based on our many years of experience, we have developed a dedicated multidisciplinary team, the Insurance Tax Team, which supports insurance companies on a daily basis in all tax-related matters.

The leader of the Insurance Tax Team at ALTO is Aleksandra Bońkowska (Partner & Tax Advisor), who has nearly 20 years of experience in tax advice to insurance companies, including financial audits.

“Our knowledge of the specifics of the market and our insight into the topics that arise on an ongoing basis in the insurance sector allows us to support companies and find appropriate solutions in an extremely difficult regulatory environment” says Aleksandra Bońkowska.

The Insurance Tax Team consists of several substantive teams:

General Insurance – which, with regard to the day-to-day activities of industry players, advises on corporate taxes (CIT and VAT), in the area of Personal Income Tax (PIT) for employees and insurance agents cooperating with the companies, or PIT on protection and investment products. We provide advice on MDR, payment congestion and help implement solutions for new tax obligations.

Litigation Insurance. As part of this team, we provide representation and assistance in a wide-range of tax proceedings. The ALTO Litigation Team has a track record of numerous successes in proceedings including asset tax.

Insurance Premium Tax. With regard to global operations, our team provides comprehensive and ongoing support, including coordination of settlements in individual countries where Insurance Premium Tax (IPT) applies

Transfer Pricing. Comprehensive support for obligations related to the area of transfer pricing in insurance companies.

B+R Team. Advising on tax reliefs (e.g. R&D relief, innovative employee relief, 50% of tax-deductible costs), their implementation and efficiency audits.

Tax Tech Team. It provides automation of tax processes. It also deals with KSeF (national system of electronic invoices) implementations, which are already occupying a significant place on clients’ project agenda.

ALTO’s multidisciplinary Insurance Tax Team also provides support for various types of transactions, mergers and acquisitions, as well as consolidations from both the tax and legal side.

We share our expert knowledge not only directly with clients, but also in the press and on websites: we comment on the latest legal developments, judgments and interpretations of tax authorities. Articles and opinions of our experts are published in the insurance and legal press.