Oil prices: Poland plans temporary tax increase for energy companies
Poland wants to temporarily increase taxes on large fuel companies. This is intended to indirectly generate money for energy-intensive industries and ensure their competitiveness.
The Polish government plans to temporarily increase the corporate tax rate for large energy and fuel companies to 30% in 2027, from 19% currently. The tax hike is intended to fund aid for energy-intensive industries, which face high energy costs, reportedly the highest in the EU. Affected companies have annual revenues over 50 million euros and operate in the oil, gas, and electricity sectors.
The tax rate would gradually decrease to 26% in 2028, 23% in 2029, and return to 19% in 2030. The planned aid program is estimated to cost around 1.1 billion euros from 2027 to 2030.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
