financetom
Business
financetom
/
Business
/
Poland weighs VAT cut for fuel, does not rule out windfall tax
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Poland weighs VAT cut for fuel, does not rule out windfall tax
Mar 26, 2026 1:09 AM

WARSAW, March 26 (Reuters) - Poland might cut its VAT on

fuel to lower prices at the petrol pump, the country's finance

minister said on Thursday, adding that a windfall tax on excess

profits at oil companies had not been ruled out.

Countries across Europe have been scrambling to mitigate the

impact of the war in the Middle East on fuel costs and regional

peers like Romania and Hungary have already moved to cap prices.

"The government is working to lower prices at petrol

stations," he said. "Reducing VAT is one of the solutions being

analysed in detail; it is a likely solution."

Asked whether the government was planning a windfall tax for

oil companies, Domanski said that work on such a law was not

currently underway, but it was a possibility if an analysis

showed that some companies had high profits due to current

market conditions.

"We are not ruling out a tax on excess profits," he said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GoPro Expands Retail Business at Best Buy
GoPro Expands Retail Business at Best Buy
May 13, 2024
10:18 AM EDT, 05/13/2024 (MT Newswires) -- GoPro ( GPRO ) said Monday it has expanded its retail business at Best Buy (BBY) to deliver expanded product displays and assisted sales program to customers. GoPro ( GPRO ) said its cameras and accessories will be displayed in nearly 900 Best Buy stores across North America, including in over 250 specialty...
American Water Works' Pennsylvania American Water to Rehabilitate 10 Storage Tanks, Construct Four New Tanks
American Water Works' Pennsylvania American Water to Rehabilitate 10 Storage Tanks, Construct Four New Tanks
May 13, 2024
10:17 AM EDT, 05/13/2024 (MT Newswires) -- American Water Works ( AWK ) unit Pennsylvania American Water said Monday it intends to rehabilitate 10 water storage tanks and construct four new tanks this year. The company expects the cost of its 2024 water storage upgrades to be about $28.3 million. Price: 134.86, Change: +0.13, Percent Change: +0.10 ...
Arthur J. Gallagher Acquires Acumen Advisors
Arthur J. Gallagher Acquires Acumen Advisors
May 13, 2024
10:15 AM EDT, 05/13/2024 (MT Newswires) -- Arthur J. Gallagher ( AJG ) said Monday it has acquired Acumen Advisors. Financial details weren't disclosed. Acumen Advisors provides consultation on employee benefits for small and mid-sized businesses across Iowa. Price: 250.80, Change: -0.02, Percent Change: -0.01 ...
Southern California Bancorp, California BanCorp Merger Approved by Federal Regulators
Southern California Bancorp, California BanCorp Merger Approved by Federal Regulators
May 13, 2024
10:17 AM EDT, 05/13/2024 (MT Newswires) -- Southern California Bancorp ( BCAL ) and California BanCorp ( CALB ) said Monday their proposed merger has been cleared by the Office of the Comptroller of the Currency and the Federal Reserve Bank of San Francisco, bringing the companies a step closer to closing the deal in Q3. Under the terms of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved