Polish Council of Ministers Adopts Draft Law for Temporary Windfall Tax on Liquid Fuels Sector

According to a release from Poland's Ministry of Finance, the Council of Ministers has approved a draft law to implement a temporary windfall tax (excess profits tax) on companies operating in the liquid fuels sector. The tax is designed to recapture extraordinary profits driven by global market volatility rather than capital investments or increased operational efficiency. The temporary windfall tax will apply to enterprises engaged in the production and trading of imported liquid fuels in …