Polish Parliament approves extension of VAT rate cuts as inflation hits 13.9%
Poland’s parliament has adopted government proposals to further extend a range of temporary VAT rate cuts until 31 October 2022. They were due to expire on 31 July.
May’s Polish inflation hit 13.9% in May. It is expected to peak in August at over 15%.
European inflation VAT cuts have become popular across the region as inflation hits forty-year highs.
Fuel and food VAT rate cuts
The extension until October 2022 will see the following rates applied:
- 8% Fuel (diesel)
- 5% Electricity and heating energy
- 0% foods, fertilisers and gas
For regular free updates register for our global VAT and GST news.