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Valorlife is a tax exempt insurance company in Liechtenstein which means that the company does not have to pay capital gains, corporation, inheritance or income tax on the policyholder's funds. The tax exempt status means that in the event of a claim, the benefit will be paid out without any deduction for local taxes.
Concerning the contracts concluded according to the method "by
correspondance"
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It is the client's responsibility to announce the conclusion of the
insurance policy |
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There is no deduction for withholding tax (excepting for in CH or FL
living policyholders) |
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At maturity, the benefits due will be paid without any tax deduction
(in Switzerland without the 8% at maturity) |
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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 |
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In case of surrender or maturity of the contract, only in the
resident country a tax will be raised, applied to the life insurance
policy and not depending on the type of the selected investments (for
example in Italy, a maximum of 12,5% on the effective gain will be
debited in the event of surrender or due benefit) |
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