POLAND At the end of January the Ministry of Finance piublished the first official draft of the new act on the retail tax, which was amongst the promises made by the now ruling Law and Justice party during the general election campaign last year. Retailers, however, have been hostile towards the proposed changes, both in their original and the amended form announced at the beginning of February. A third version of the bill is now to be announced. To smooth the passage of the legislation, consultations are being held with the European Commission. The manner in which the new duty is imposed on retailers will significantly impact their revenues.
More amendments to come
According to the first proposition of the new regulations, a 0.7 pct revenue tax would be imposed on retailers whose monthly turnover does not exceed PLN 300 mln and a 1.3 pct duty on those generating larger revenues. Additionally, on weekends and public holidays the rates would go up to 1.3 pct and 1.9 pct for each revenue category respectively. Retailers with revenues of less than PLN 1.5 mln a month would be exempt from the levy. The Ministry also wanted to start charging the revenue tax online, even for those retailers who ship products in from abroad. This bill was badly received by the retail industry, as the majority of retail trade organisations and associations opposed the new regulations. These included the Polish Chamber of Commerce, the Polish Organisation of Trade and Distribution, the Polish Council of Shopping Centres and the Polish Trade Forum, as well as representatives of Polish retail chains. The most c
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