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Surplus Lines Insurance and Direct Insurance Placement Tax

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

Requirement to File Returns Electronically

Filing online through the Vermont Department of Taxes online system, myVTax, is required. If you have any questions, contact our Surplus Lines Insurance Tax examiner, (802) 828-2551.

Surplus Lines Insurance and Direct Insurance Placement Tax Forms and Guidance

Fact Sheets and Guidance

Title Revised Number
Vermont Department of Taxes ACH Credit Payment Guide 2023 GB-1104

Filing Due Dates

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
12/31/2023 1/31/2024
3/31/2024 4/30/2024
6/30/2024 7/31/2024
9/30/2024 10/31/2024
12/31/2024 1/31/2025

Direct Insurance Placement Tax

Tax Period Ending Due Date
12/31/2023 1/31/2024

Laws, Rules, and Regulations

Title Section
Surplus lines tax 8 V.S.A. § 5035