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
Mandate for Electronic Filing of Returns
Filing the Vermont Insurance Premium Tax online through myVTax has been mandated by the Commissioner of Taxes. Taxpayers may file returns and pay tax due using 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.
We strongly encourage you to 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.