Government may amend retail tax bill

Pap Biznes reports that the government may follow the suggestions of the Finance Ministry and alter its planned retail tax bill before it goes to the Sejm. A source inside the governmental cabinet said that the main points of contention are the tax rates on franchise networks and weekend trade rates. Currently, the bill calls for a 0.7 percent tax on retail trade of up to PLN 300 million per month, 1.3 percent on the surplus above that amount and 1.9 percent on all trade generated on weekends and public holidays. The monthly tax-free threshold is set at PLN 1.5 million. Initial studies estimate that this tax should bring in PLN 1.5 billion to the government this year.