Poland to Cut VAT on Power, Gas to Help Curb CPI: Wyborcza

Poland’s government plans to cut value added tax on electricity to 5% and gas to 8% from 23% as part of anti-inflationary measures, Wyborcza.biz reports, without saying where it got information.

• The cut would be most probably for 3 months next year
• Govt also plans to reduce excise tax on fuels
• NOTE: PM Mateusz Morawiecki and Deputy PM Jacek Sasin, in charge of state-controlled energy companies, hold press conference at 10:30am on Thursday

To contact the reporter on this story:
Maciej Martewicz in Warsaw at mmartewicz@bloomberg.net

To contact the editors responsible for this story:
Wojciech Moskwa at wmoskwa@bloomberg.net

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