On 15 September 2026, Prime Minister Tusk urged Parliament to fast-track a windfall tax on fuel companies, targeting excess profits from 2022-2024 price spikes. The proposed 33% levy on profits above a historical average would apply to integrated oil majors and large refiners. The industry warns of investment cuts and legal challenges under EU state aid rules.
Key Takeaways
- Windfall Tax Design: The levy applies to taxable profits exceeding 120% of the 2018-2021 average, at a 33% rate, for fiscal years 2022-2024.
- Revenue Estimate: The government projects PLN 8-10 billion in one-off revenue, earmarked for household energy subsidies.
- Legal Risks: Companies plan challenges based on retroactivity, discrimination, and EU law; the Constitutional Tribunal may be invoked.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement