Key Features of IPT Determination
Real-time tax calculation
Accurate tax rates for millions of combinations of jurisdictions, lines of business and insurance classes
Rate look-ups
Dynamic research tools for self-service IPT rate look ups and research
Product mapping
Classification of products underwritten and embedded into the system to ensure accurate application of rates for tax calculations on a per policy or portfolio basis, for use by non-tax experts

Global tax database
The most complete database of tax rates and application rules for more than 80 countries

Automated rates and rules updates
Zero-touch rate updates from Sovos’ globally recognized team of regulatory experts