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Government Yet to Provide Specifics on Windfall Tax Policy

POLAND
  • As suspected, the government have confirmed they are to introduce a windfall tax on excess profits, but are still working on the specifics of the policy and are yet to decide the final details on the levy, according to a spokesman. Reports posted by RP.PL earlier in the day suggested the government were considering taxing firms with a headcount of over 250, rather than utilities firms specifically.
  • PAP write today that power utilities could avoid bearing the brunt of a windfall tax altogether, as these firms tends to allocate profits to investments, and can reduce the burden further by booking provisions, as evidenced in recent announcements from ENEA and Tauron.
  • The government tabled proposals yesterday that would ensure households pay this year’s prices for next year’s energy consumption up to 2,000 kWh. The government did not go into detail on how pricing would be charged on usage above the threshold.
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