Retail tax introduction realistic as of July 1 - dep FinMin

Poland's deputy Finance Minister Wiesław Janczyk said that a retail tax could be introduced as of July 1 and Poland could receive PLN 1 billion from it. "The draft, containing progression and excluding the 0.4 percent, rate met with the biggest acceptance, [of stakeholders]," Janczyk said, adding that "July 1 is still a realistic date" for the introduction of the tax. A proposal for a progressive tax assumed a tax free turnover of PLN 1.5 mln per month, a 0.4 percent rate for monthly turnover below PLN 17 mln, 0.8 percent for PLN 17-170 mln, and 1.4 percent for >PLN 170 mln.