US EditionThe Government Has Announced a Radical Reduction in Vat and Excise Duty on Fuel. Details Are Available.
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Two government bills aimed at curbing fuel price increases have been referred to committee for further consideration. MPs agreed to urgently process the changes.
During an extraordinary session on March 26, the government approved two bills aimed at curbing fuel price increases. These include a reduction in the VAT rate to 8%, the possibility of a temporary reduction in excise tax, and the introduction of maximum prices for gasoline and diesel fuel. A statement from the Prime Minister's Office announced the adoption of draft amendments to the Excise Tax Act and regulations concerning crude oil, petroleum…
The first reading of two bills aimed at limiting fuel price increases at pumps began in the Sejm on Thursday evening. They propose a reduction in the VAT rate on fuels, the possibility of a temporary reduction in excise duty, and the introduction of a maximum price for gasoline and diesel. According to PAP, the Sejm began work on two bills on Thursday aimed at limiting fuel price increases. The government has prepared a "Lower Fuel Prices" packa…
The reduction of VAT on motor fuels is inconsistent with EU law, the European Commission told an RMF FM journalist in Brussels. The European Commission declined to comment directly on the fuel price reduction measures presented by the Polish government. However, EC spokesperson for tax affairs Louise Bogey stated that "the VAT Directive does not provide for the possibility of applying a reduced rate to the supply of motor fuels."
VAT and excise taxes will be lower, but energy companies can expect special taxes.
Fuel Prices Lower. Prime Minister Tusk and Andrzej Domański provided new information on the temporary VAT reduction.
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