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 HOME » Premium Tax » Frequently Asked Questions
 Who must file an annual premium tax return?
Admitted insurance companies holding a valid certificate of authority.
(See surplus lines below for licensed surplus line brokers, Risk Retention Groups and insured’s procuring insurance from unauthorized insurers.)
What is the Premium Tax Rate?
The State tax rate for admitted companies if 2.25% while the Local tax rate is 1% for Life companies and 2.5% for Other Than Life companies.
What is the Premium Tax base?
Gross Direct Premiums received from direct writings, refer to O.C.G.A. § 33-8-4.
Where can I find the Premium Tax forms on your website?
They are under the links on the right of the Premium Tax Home Page.
When are my Premium Tax Returns due?
The Annual Premium Tax Return is due on or before March 1st each year. Four quarterly returns and prepayments are due March 20th, June 20th, September 20th and December 20th.
Where do I mail my return and tax payments?
Office of Insurance and Safety Fire Commissioner
Premium Tax Division 916 West Tower
2 Martin Luther King, Jr. Drive
Atlanta, GA 30334
Is e-filing available?
Can I file an extension of time for filing my return or payment of tax?
How do I calculate my prepayments?
Two methods are available for paying quarterly prepayments: Method One (1) is calculated by paying the prior year’s tax liability in four (4) equal installments. Method Two (2) is based on estimated taxable premium for the quarter multiplied by 2.25% - quarterly payments must be at least 80% of the amount FINALLY SHOWN TO BE DUE, refer to O.C.G.A. § 33-8-6(c).
Does the Premium Tax Division accept electronic fund transfers?
Yes. Information necessary for an electronic funds transfer may be obtained by selecting “Forms” from the Home page and then from the drop-down menu, “Surplus Lines and Other Forms.”
Is the postmark date acceptable for timely proof of filing?
Yes, if it is postmarked by the U.S. Postal Service – IN HOUSE postage stamp is NOT ACCEPTABLE.
How do I request a refund if I have a tax overpayment?
Submit a request for refund under separate cover – do not include with quarterly or annual tax filings.
How do I amend my return?
Check “amended” on the return for the appropriate year and complete the return with the amended amounts.
What information must be submitted if I am claiming a Georgia Housing Tax Credit?
Include a completed and executed Form IT-HC, page three ONLY (total of housing credits claimed) as well as a Georgia K-1 equivalent which indicates the allocation amount to the insurance partner and a building-by-building allocation.
Who must file a Surplus Line affidavit?
Licensed Surplus Line Brokers, Risk Retention Groups and individual insured’s who have not procured insurance through a licensed surplus line broker. O.C.G.A. § 33-5.
What is the tax rate on surplus line business?
Where do I find surplus line forms (affidavits)?
From the Home page at our website www.gainsurance.org, select Forms and then from the drop-down menu, select Premium Tax-Surplus Lines and Other Forms.
When is my affidavit and payment due?
Surplus Line Brokers’ affidavit and payment are due on or before the 15th day of April, July, October and January.
Where do I mail my affidavit?
Office of Insurance and Safety Fire Commissioner
Premium Tax Division
916 West Tower
2 Martin Luther King, Jr. Drive
Atlanta, GA 30334
Is the postmark date acceptable for proof of timely filing?
Yes, if it is postmarked by the U.S. Postal Service – IN HOUSE postage stamp is NOT ACCEPTABLE.
Can I request a refund?
No. Returns and changes in premiums are allowed as credits against the premium written and reported on your affidavit. O.C.G.A. §§ 33-5-31(a), 33-5-33(b), 33-40-5(a).
How do I claim a credit for returned or a change in premium?
Report the return/change premium on the quarterly affidavit, include the date of the affidavit on which the original premium and tax was reported. You may only claim credit for business written under your license.
Report of Persons Due date
30 days from the effective date
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