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.
Before filing a return, you must have a myVTax account. Surplus Lines and Direct Insurance Placement Tax returns must be registered in myVTax and filed under the broker's Social Security Number.
How to Register for a myVTax Account
- On the myVTax homepage, and select "Need an Account? Sign Up."
- Read the information screen and click Next.
- Select "For Businesses and Corporations" from the account type list
- Select "I know what tax accounts I need to register or add myVTax access for."
- Under Taxpayer Information, for the question, "Are you a business or individual?", select Individual, and enter the broker's Social Security Number.
- Complete the account signup and submit.