Poland Proposes Windfall Tax on Liquid Fuel Sector Profits for 2026

Poland's Chancellery of the Prime Minister has announced draft legislation for the introduction of an extraordinary profits (windfall) tax on extraordinary profits made by the liquid fuel sector in 2026, which are a result of geopolitical tensions in the Middle East. The tax would be imposed at a rate of 75% on the calculated extraordinary profit base of businesses operating in Poland that produce or import liquid fuels, including intra-Community acquisition in the EU. The base is the amount…