• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 8/1/2014

Poland - Hydrocarbon tax provisions, deferral of shale gas taxation 

August 1: Parliament’s lower chamber (Sejm) on 25 July 2014 passed a special hydrocarbon tax bill that contains measures concerning the taxation of shale gas and oil exploration.

There are provisions that would impose a special hydrocarbon tax on profits derived from shale gas and oil exploration at a tax rate ranging from 0% to 25% (depending on the ratio of income to qualified expenses).

The bill now is to be considered by the upper house. Assuming completion of the legislative process and signature by the president, the measures generally would be effective 1 January 2016.

Under interim procedures, however, income from shale gas extraction would be “tax-free” until 1 January 2020. There would be a reporting requirement and a tax return filing requirement on shale gas companies beginning 2016.

Read a July 2014 report (PDF 120KB) prepared by the KPMG member firm in Poland: Tax Alert

©2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International.

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.

The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Direct comments, including requests for subscriptions, to
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.


Share this

Share this


Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)

Already a Subscriber? Login

Not a member? Subscribe now