The Government Is Reintroducing a Tax on Windfall Profits for Fuel Companies.
6 Articles
6 Articles
In view of the new all-time high in fuel prices, SPD Secretary General Tim Klüssendorf has sharply criticised Minister of Economic Affairs Katherina Reiche (CDU).
If the petrol prices go through the ceiling, the state must ask the mineral oil concentrates to pay, finds at least SPD Landeschef Ulf Kampfer. The revenues should flow to those who need it especially.
The tax on extraordinary profits of fuel companies is back on the cabinet agenda. This is the second attempt after President Karol Nawrocki previously blocked the bill. The bill was tabled for cabinet consideration on Tuesday.
The government is once again attempting to tax the extraordinary revenues of fuel companies generated during a period of high oil prices. The Council of Ministers is scheduled to consider the new bill on Tuesday.
In the new draft tax on extraordinary profits of fuel companies, the government is again proposing a 60% tax rate, calculated on the basis of the surplus revenue from the sale of liquid fuels in the March-December 2026 period over the amount that would have been achieved using the taxpayer's average sales margin from 2025 increased by 20%, according to the government's agenda.
The Ministry of Finance has proposed that the new tax rate on fuel company profits be 60 percent. The bill will be presented to the government on September 15.
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