European legislation stipulates that within the European Union, taxation of insurance premiums paid under a contract is subject to the tax laws of the country of residence of the policyholder.
Consequently, the contract that you enter into with Euresa-life, a Luxembourg-based insurance company, is subject to the tax laws of your country of residence.
In accordance with the principle of non-discrimination, the European legal system also stipulates that a contract entered into with a company, exercising its activity under the principle of Free Provision of Service (FPS), must benefit from the same taxation as that which would apply to a contract entered into by yourselves with an insurance company in your country of residence.
In the case of residents of a country outside the European Union, the applicable taxation system is that of the country of residence of the policyholder. We therefore suggest you to seek the advice of a financial advisor in your country in order to find out about the tax system that would apply to your policy.