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Emerging risks | Growth Opportunities | APAC Insurance

(Re)in Asia logo
Thursday, September 10, 2026

Tax demands

Sign on a building reads 'ICICI PRUDENTIAL LIFE INSURANCE' with a small logo against a blue sky.”,
ICICI Prudential Life loses appeal against US$38m GST order
August 26 2026
The insurer said the order is not expected to have a material adverse impact on its financial operations at this stage, as it intends to challenge the decision.
Aerial view of a long bridge crossing a calm bay toward distant mountains, with a green parkway and multi-lane road below.
China tightens offshore insurance tax collection, pressuring Hong Kong insurers — Reports
August 6 2026
Shares in Hong Kong's major insurers closed 4.6% to 6% lower, having pared losses that ran deeper in morning trading.
GST demand concept with Indian currency notes and wooden blocks spelling GST.
ICICI Prudential Life faces US$564K GST demand after partial relief in FY2018-20 dispute
August 5 2026
The latest GST dispute adds to a string of tax orders issued to insurers in India in recent months.
Judge's gavel resting on a stack of cash with a scales of justice in the background, on a wooden table.
LIC faces US$11.4m GST exposure over FY2022-23 input tax credit claims
July 31 2026
The order adds to a growing number of GST disputes involving Indian insurers over input tax credit claims.
canara-hsbc-life-insurance-faces-us0-5m-gst-demand-over-input-tax-credit-claims
ICICI Prudential Life faces US$1.7m GST demand over FY2024 filings
June 8 2026
The latest tax demand adds to the insurer’s growing exposure, marking the fifth such order issued since February this year.
icici-prudential-life-hit-with-us535k-gst-demand-over-fy2023-discrepancies
ICICI Prudential Life hit with US$535K GST demand over FY2023 discrepancies
June 3 2026
The life insurer plans to challenge the GST demand tied to alleged discrepancies in its filings.
go-digit-receives-us2-1m-gst-show-cause-notice-over-input-tax-credit-claims
Go Digit receives US$2.1m GST show-cause notice over input tax credit claims
May 26 2026
The tax authority has raised a demand over alleged ineligible input tax credit for the period spanning FY2023 to FY2024.
gic-re-receives-us37-6m-income-tax-demand-for-fy2024-assessment-year
GIC Re receives US$37.6m income tax demand for FY2024 assessment year
April 15 2026
The demand includes multiple tax additions relating to transfer pricing adjustments, amortisation of investment premium and provisions for doubtful debts.
bombay-high-court-stays-us6-5m-gst-demand-against-icici-lombard
Bombay High Court grants stay on US$6.5m GST demand against ICICI Lombard
March 30 2026
The interim relief for ICICI Lombard halting a 623.6m rupees GST demand comes just as sector-wide tax disputes continue to mount.
lic-faces-us1-1bn-tax-demand-for-fy2023-24
LIC faces US$1.1bn tax demand for FY2024 as industry-wide disputes widen
March 30 2026
LIC has received its second major tax demand in days, as tax disputes against Indian insurers continue to mount.
New Standards.New Stage.Real Recognition. Entries Closing Soon. Apply now → Entries close
25 September
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.