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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