PiS proposes tax on large retailers

The winners of Sunday's general election Law and Justice (PiS) has presented its idea to impose a tax on large retailers to "act against the expansion of foreign-owned retail chains and to limit a potential transfer of income generated in Poland." The tax would be paid by every store, whose floor space exceeds 250 sqm, excluding entities trading gas, oil and fuel. The party is still considering whether to introduce a 2 percent tax on turnover or to apply a tax scale, according to which, retailers whose turnover is lower than PLN 700,000 would be exempt, while those whose revenues exceed PLN 3.5 million would pay a 2 percent tax. The scale also foresees taxes of 0.5 percent and 1.5 percent for retailers generating turnover between the two sums. PiS expects that the tax would bring in PLN 3.5 billion in revenues to the state's budget and will have no impact on the labor market.