On 25 October an announcement regarding the bill to repeal the act on special hydrocarbon tax has been published on the website of the Chancellery of the Prime Minister. The bill is being prepared by the Ministry of Finance. Full version of the act has not been revealed yet, nevertheless the Ministry of Finance stated that "The reason for the planned repeal is that the hydrocarbon tax will not provide the state treasury with a sufficient share in the profits from extraction of shale gas. Contrary to the forecasts, the the sector of shale gas extraction in Poland has not developed and conventional gas deposits still remain the basic source of that raw material. The existing shale gas deposits located in Poland are insufficient and their exploitation is not economically justified."
The bill on the other hand stipulates for a change with regard to the deadline by which the obligation to pay the tax on the extraction of certain raw minerals, i.e. natural gas and petroleum, arises. The obligation to pay will be expedited from 1 January 2020 to 1 January 2019. Further work on the bill will be carried out in the last quarter this year, which doesn't give taxpayers enough time to appropriately prepare for the new tax obligations.