The tax targets excess profits from March to December 2026, expected to generate 4 billion zloty for the government.
Poland’s government approved a 60% windfall tax on fuel companies’ excess profits earned during the U.S.-Iran-Israel conflict. The measure aims to recoup costs from consumer fuel subsidies amid soaring energy prices linked to the Strait of Hormuz closure.
The tax applies to profits between March and December 2026, with the Finance Ministry projecting 4 billion zloty ($1.1 billion) in revenue. Excess profits will be calculated based on a yet-to-be-defined benchmark.
No immediate market reaction was reported, though the tax could pressure fuel sector margins in Poland.