Poland Extends Fuel Price Cap and VAT Reduction Through June 2024
Poland's Fuel Price and Tax Policy Updates
Extension of VAT Cut and Fuel Price Cap
WARSAW, June 12 (Reuters) - Poland will extend a VAT cut and maximum pricing for fuel, but will not extend a cut in excise duty, state news agency PAP reported on Friday, citing a source close to the Finance Ministry.
Government Journal Entry and Policy Duration
The report came after an entry in the Polish government's journal of laws showed measures capping fuel prices would be extended until the end of June.
Details of Tax Adjustments
VAT and Excise Duty Changes Announced in March
In March the government announced VAT on fuel would fall to 8% from 23%, while excise duty would be cut to the EU minimum - 0.29 zloty ($0.08) per litre for petrol and 0.28 zloty for diesel.
Exchange Rate Information
($1 = 3.6681 zlotys)
Reporting Credits
(Reporting by Alan Charlish, Marek Strzelecki; Editing by Alison Williams)