The notification of the conclusion of the insurance is made by the fiscal representative of Valorlife in Italy to the responsible authorities of the policyholder's place of residence.

There is no deduction for withholding tax.

At maturity, the benefits due will be paid without any tax deduction.

It is the client's responsibility to announce the received benefits to the revenue office of his residence country in order to regularize its personal situation.

In case of surrender or maturity of the contract, a tax will only by raised on the life insurance policy and do not depend on the type of the selected investments. A tax equal to 12,5% on the effective gain will be debited in the event of surrender or due benefit.

In case of the insured's death, the beneficiary is exempted from the payment of the tax on capital gain and doesn't have to declare the origin of this capital.

The contracts insuring a demographic or financial risk are not seizable.