What taxes am I subject to when purchasing an insurance policy?

The premium you pay to the insurance company is subject to the following taxes, also called stamps and duties:

  • Proportional stamps of 5% of the amount of the premium, except for transportation where it is 3%

  • Fixed stamps of 2,000 LBP

  • Municipality taxes of 6% of the amount of the premium

Premiums related to life insurance covers are only subject to the fixed stamps.