How is the taxation of insurance payments under long-term life insurance contracts?


Now a citizen who does not apply for a tax credit ends up losing, as the fiscal authorities use the amount of insurance compensation as a tax base. This should not be.

If a person did not want to receive a tax credit, leaving his taxes to the state, he needs to be stimulated and taxation should be reduced. And everything is done exactly the opposite. It is not a tax credit that needs to be stimulated, but less taxation for those who have not taken advantage of it.