New legislation to extend 'anti-inflation shield'

The Sejm, Poland's lower house of parliament, has passed legislation that will extend the so-called anti-inflation shield to October 31 as well as introduce "credit vacations." At the end of 2021, the government rolled out its first "anti-inflation shield" to combat Poland's rising inflation rate. It included a VAT cut on food products to zero percent from the standard 5-percent rate, while VAT on fuels went down to 8 percent from the standard level of 23 percent.