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Today's attention will focus on a recent judgement of the Court of Justice of the European Union (North of England P&I Association Ltd. v. Bundeszentralamt für Steuern, (C-786/19, 15 April 2021) focusing on tax levied on insurance premia of seagoing vessels registered in one European jurisdiction and concurrently bareboat charter registered in another jurisdiction.

In a nutshell, based on the EU Solvency II provisions, the Court of Justice of the European Union found that the country responsible to tax insurance premia would be that of the underlying registry with tangible consequences, such as this case, where such country does not exempt seagoing vessels from such taxes.

One can find a more detailed summary of the Insurance premium tax for seagoing vessels (CJEU judgment).

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