Overview
The Captive Insurance Premium Tax is paid by captive insurance companies licensed by the Department of Financial Regulation. The tax is computed annually on premiums collected.
How to File
Mandate for Electronic Filing of Returns
Filing online through the Vermont Department of Taxes online system, myVTax, has been mandated by the Commissioner of Taxes. See the myVTax resource center for information about our online filing system. Register, file your return, and pay taxes due at myVTax. If you have any questions, contact our Insurance Premium Tax and Captive Insurance Premium Tax examiner at (802)828-6838.
Forms
| No. | Instructions | Title |
|---|---|---|
| CPT-635 | Instructions | Vermont Captive Insurance Tax Return |
Filing Deadlines
Captive Insurance Premium Tax is filed and paid annually. The return and tax are due by March 15. There are no estimated payments due.
| Tax Period Ending | Due Date |
|---|---|
| 12/31/2022 | 3/15/2023 |
LAWS, REGULATIONS AND GUIDANCE
8 V.S.A. § 6014 Tax on premiums collected