Poland: Potential new windfall profits tax for mining and fuel companies
Proposed measures likely to also cover the previous year
Mining and fuel companies
The government is working on a new tax on the “windfall profits” of mining and fuel companies.
According to the Minister of State Assets, the bill could be finalized this month, with the proposed measures likely to also cover the previous year.
A similar idea emerged in autumn 2022, taking the form of a tax on windfall profits of large companies from all industries. The tax was to cover entities with 2022 gross profit margin higher than the average gross margin for 2018, 2019, and 2021 (excluding 2020, due to the COVID-19 pandemic). Read KPMG Euro Tax Flash
Read a March 2023 report prepared by the KPMG member firm in Poland
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