Poland: Reduced VAT rates on natural gas and electricity, ending January 2022
Decree expected to come into effect 31 January 2022
Decree expected to come into effect 31 January 2022
The Minister of Finance on 20 January 2022 issued a draft decree amending the decree on goods and services subject to reduced value added tax (VAT) rates.
According to the draft decree, the reduced VAT rate on supplies, intra-community acquisition, and imports of natural gas, and on supplies, intra-community acquisition, and imports of electricity, will end 31 January 2022 (rather than 31 March 2022).
The change is due to the proposed “Anti-Inflation Shield 2.0” package, which provides for introducing zero VAT on natural gas and 5% VAT on electricity beginning 1 February 2022.
The decree is expected to come into effect 31 January 2022.
Read a January 2022 report prepared by the KPMG member firm in Poland
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