On Thursday, October 6, 2022, the Senate adopted nearly 30 amendments, mostly legislative and reorganizing, to the amendment to the Corporate Income Tax Act, which is to extend the anti-inflationary shield currently in force until October 31 this year by the end of 2022. This applies, inter alia, to reductions in excise duty on electricity, exemption from excise duty on electricity for households, reductions in excise duty rates on certain motor fuels, and VAT rates on food or natural gas. The excise tax on light fuel oil will be reduced for two months.
Anti-Inflation Shield by the end of the year
While monitoring the current situation, a decision was made to extend the operation of the anti-inflationary shield until December 31, 2022. Thus, lower VAT rates will be maintained for goods such as: basic food products, electricity and heat, natural gas, some engine fuels, fertilizers and some means used in agricultural production.
The favorable excise tax solutions are also extending, i.e .:
- reduction of excise duty rates to the EU minimum level for electricity and some motor fuels, i.e. diesel oil, biocomponents constituting self-contained fuels, motor gasoline, liquefied gas LPG,
- exemption for electricity used by households,
- reduction of the excise duty rate to the EU minimum level for light fuel oil.
The exclusion of sales of motor fuels from the retail sales tax is also maintained.
Source prawo.pl
