Poland offers tax breaks for shale gas extraction

Written by on March 12, 2014 in Europe - No comments

Poland’s government has adopted a bill on hydrocarbons’ taxation, including a cap on shale gas taxation at about 40 per cent of income and introduction of the burden only as of 2020, with budget receipts in 2020-2029 estimated at 10 to 16.1 billion zloty, the cabinet said on March 11.

“Taxation for central budget will become a fact only in 2020 – by that time extraction of shale gas will be free from taxes,” PM Donald Tusk told a news conference after the cabinet sitting which approved the bill.

For the full story, please visit The Warsaw Voice.

(Photo: wcn247/flickr.com)

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