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Anti-inflation shield: reduced VAT rates – maintained

As part of the fight against high inflation and an attempt to contain price increases, the government maintained a temporary reduction in VAT rates until October 31, 2022. However, another extension of the so-called Anti-Inflation Shield – October 31, 2022 to December 31, 2022

The Council of Ministers adopted a draft act amending the act on corporate income tax and certain other acts, submitted by the Minister of Finance. maintaining the reduced VAT rates.

The Anti-Inflation Shield covers, inter alia, reduction of VAT rates:

  • up to 0%

– on food previously subject to 5% tax (including meat, fish, dairy products, cereals);

– on fertilizers, plant protection products and other means supporting agricultural production, previously taxed with 8% tax;

– for natural gas, for which previously the rate was 23% VAT

  • up to 5% for electricity and heat – reduction from 23%
  • up to 8% for motor fuels – reduction from 23%

Source

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