Gov't presents new tax on trade

The Ministry of Finance announced that it wants to impose a new progressive tax on retailers of 0.7 percent on revenues of up to PLN 300 million and 1.3 percent on the surplus above that sum. Additionally, Poland wants to levy a 1.9 percent tax on revenues generated on weekends and other holidays. The project stipulates that PLN 1.5 million will be tax-free. Exemptions include pharmaceuticals and reimbursed drugs, meals prepared by the seller, natural gas, water, heat and electricity. The Ministry said that the new tax should bring in PLN 2 billion in revenues in 2016.

Earlier, the ruling party PiS planned to tax turnover of retailers, whose total floor space exceeds 250 sqm.