Poland: Extension of anti-inflation measures, including VAT, sales and excise tax rate reductions and exemptions

Lower house of the Polish Parliament passed legislation extending the application of anti-inflation measures

VAT, sales and excise tax rate reductions and exemptions

The lower house of the Polish Parliament on 9 June 2022 passed legislation extending the application of anti-inflation measures (referred to as the Anti-Inflation Shield) to 31 October 2022 (from 31 July 2022).

The anti-inflation measures include:

  • Reduced value added tax (VAT) rates on fuels (8% instead 23%), 5% VAT rate on heating and electricity, and VAT exemption on gas
  • VAT exemption on basic foods and fertilizers
  • Reduced excise duty on electricity, excise duty exemption on electricity sold to households, reductions in excise duty on selected motor fuels and light fuel oil
  • Temporary exemption from retail sales tax on fuel sales

Read a June 2022 report prepared by the KPMG member firm in Poland

 

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