Slovak Insurance Sector Paid Over 122 Million Euros in Insurance Tax Last Year
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Slovakia's insurance industry contributed more than 122 million euros in insurance tax to state coffers in 2023, according to sector data. Non-life insurance segments accounted for the largest portion of the tax payments collected by the government. The insurance tax is levied on premiums paid by policyholders across various insurance products, representing a significant revenue stream for Slovakia's public finances from the financial services sector.