Overview
The Surplus Lines Tax is paid by surplus lines brokers licensed by the Department of Financial Regulation (DFR). The tax is computed on net gross premiums. Zero returns are not required.
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. If you have any questions, contact our Surplus Lines Insurance Tax examiner, (802) 828-2551.
Filing Deadlines
The report and tax are due the *last day of the month following the end of each calendar quarter, i.e., April 30, July 31, October 31, and January 31.
*Please note: when the due date falls on a weekend or a federal or state holiday, the due date is the next business day.
| Surplus Lines Tax | |
|---|---|
| Tax Period Ending | Due Date |
| 12/31/2022 | 01/31/2023 |
| 3/31/2023 | 5/1/2023 |
| 6/30/2023 | 7/31/2023 |
| 9/30/2023 | 10/31/2023 |
| 12/31/2023 | 1/31/2023 |
| Direct Insurance Placement Tax | |
| Tax Period Ending | Due Date |
| 12/31/2022 | 03/1/2023 |
LAWS, REGULATIONS AND GUIDANCE
8 V.S.A. § 5035 Surplus lines tax