Poland puts hydrocarbons tax on hold till 2020 to boost investments in shale gas

The hydrocarbons law will come into effect in 2015, but Poland will not levy the tax on hydrocarbons until 2020 in order to attract investors in shale gas extraction, Finance Minister Jacek Rostowski told a press conference on Wednesday.

“The act on taxing [hydrocarbons] will enter into force in 2015, but the tax would be collected only as of 2020,” Rostowski said. “The intention is to encourage firms to shale gas extraction.”

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(Photo: Marcin Rolicki/sxc.hu)