Surplus Lines Insurance and Direct Insurance Placement Tax

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.

Print Due Dates (pdf)

 
Surplus Lines Tax
Tax Period Ending Due Date
12/31/2019 1/31/2020
3/31/2020 4/30/2020
6/30/2020 7/31/2020
9/30/2020 11/02/2020
12/31/2020 2/01/2021
Direct Insurance Placement Tax
Tax Period Ending Due Date
12/31/2019 3/02/2020

LAWS, REGULATIONS AND GUIDANCE
8 V.S.A. § 5035 Surplus lines tax