Poland will not reduce metals tax
February 20, 2014
The Polish government sees no reason to reduce the metals mining tax, deputy Finance Minister Janusz Cichon said of the levy whose main contributor is Poland’s copper and silver giant KGHM.
"I don't see reasons or possibilities of decreasing or changing the burdens on mining certain mineables," Cichon said. "I also don't think these burdens are excessive in any degree."
The government will conclude a review of the tax by the end of Q1, the official added.
"We are at the point of preparing a report - as planned it will be ready by the end of March - on the impact of the tax not only on KGHM but also on other companies and institutions," Cichon said.