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    Poland Extends Zero VAT Rate on Food

    Prime Minister Mateusz Morawiecki declared the introduction of a 0% VAT rate on food, with the official regulation published in the Journal of Laws. The Minister of Finance is set to sign the decree in the first quarter of 2024, following the Prime Minister’s directive.

    Morawiecki took to Facebook on Thursday evening, stating, “At my instruction, the Minister of Finance will sign the regulation regarding 0% VAT on food in the first quarter of 2024.” This move aligns with ongoing efforts to address economic challenges.

    The signed regulation was made public in the Journal of Laws on Saturday afternoon, solidifying the commitment to implementing a zero VAT rate on food throughout the first quarter of 2024.

    The zero VAT rate on food was initially introduced on February 1, 2022, as part of anti-inflationary measures designed to shield society from heightened inflation following the surge in prices triggered by Russia’s invasion of Ukraine. This favorable VAT rate is effective until the end of the current year.

    Taking a step further, on November 20, members of the PiS party submitted a proposal to the Sejm for amending the law on goods and services tax. The proposal seeks to extend the zero VAT rate on food from January 1 to the end of June 2024, emphasizing the government’s commitment to supporting citizens amidst economic uncertainties.

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