Insurance intermediaries are classified into three categories of activity: insurance broker, general agents and agent.

1. The insurance broker

The insurance broker is considered a trader registered in the trade and companies register.

Insurance brokers carry out a commercial activity registered in the trade and companies register. Its role is to help purchase insurance contracts for its clients. Fiscally, the tax regime on which they depend is therefore by default that of Industrial and Commercial Profits (BIC). Depending on the form of the business and the tax options chosen, brokers are liable for either income tax or corporate tax.

2. General insurance agents

General insurance agents operate within the framework of a regulatory activity as a liberal and represents an insurance company of which he is an agent. They fall under the regime of BNC(non-commercial profits). Fiscally, the general agent operates in his own name (individual entrepreneur) with the tax regime of income tax and contributes to the social security system for the self-employed. If he also carries out related activities not prohibited by the statute, such as brokerage, then these activities will be subject to the same tax regime, that is to say BNC and IR. If the rate of brokerage income reaches more than 10% then the two accounts will have to be completely separated.

In accounting matters, The general insurance agent prepares accounts on the basis of payments and collections made during the year. He has the option of opting for so-called accounting of receivables acquired and expenses incurred (according to article 93A of the General Tax Code). He must also keep a journal and a register of fixed assets in the event that he falls under the controlled declaration regime. This regime is obligatory if revenues exceed €70,000 excluding tax. In other cases, it remained optional

3. The agent

The agent is a non-employee legal person (company) or natural person (individual business) mandated by a company. The tax regime for agents depends on the quality of the intermediary for whom they are agents: BIC for broker agents and BNC for exclusive or non-exclusive agents.

4. VAT exemption

In tax matters, there is provision for a VAT exemption on “insurance and reinsurance operations as well as for the services relating to these operations carried out by insurance brokers and intermediaries ».