Poland: Proposed extension of anti-inflation measures, including sales and excise tax exemptions and reductions

Legislation has been introduced to extend certain anti-inflation measures

Legislation has been introduced to extend certain anti-inflation measures

Legislation has been introduced to extend certain anti-inflation measures (referred to as the Anti-Inflation Shield) by two months—until the end of July 2022.

The anti-inflation measures include proposals that would:

  • Exempt households from excise taxes (duties)
  • Provide a temporary exemption of fuel sales from retail sales tax
  • Reduce the excise tax on light fuel oil

The bill has passed the third reading stage and is now to be assessed by the Senate. It is expected to become effective on 1 July 2022. 

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

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.