The Insurance Premium Tax is paid by domestic and foreign insurance companies doing business in Vermont. The tax is computed annually on premiums written (or premiums collected for life insurance companies). Quarterly estimates must be paid based on business during the quarter or estimated based on the prior year’s income.
How to File
Electronic Filing of Returns is Required
The Vermont Department of Taxes requires taxpayers to file and pay any Vermont Insurance Premium Tax due online through myVTax, our free, secure, online filing site. If you have questions, contact our Insurance Premium Tax and Captive Insurance Premium Tax examiner at (802) 828-2551.
Estimated Payments
Use myVTax to make your estimated payments. You can make an estimated payment using ACH debit without logging into your account.
-
Select Make a Payment under the Payments section on the left side of the web page.
-
Choose your payment type and select Insurance Premium as the account type under the identifying information screen.
-
Select Estimated Payment on the payment details screen.
Be sure to enter the period date as December 31. Insurance premium payments will always have the year-end date, not the quarter-end date, not the due date, not the payment date.