Retail tax law to be completely changed

Head of the Public Finance Commission Andrzej Jaworski said that a retail tax law, which will come out of the commission will be "completely different" that the one prepared by the Ministry of Finance. "The initial assumptions were different than those that are included in the current draft," Jaworski said. On Tuesday, PiS MP Adam Abramowicz said that the government will increase tax-free revenues and introduce a single tax rate. "What was settled was an increase in the tax-free amount and the lack of tax progression," Abramowicz said. In the current draft, Poland wants to impose a 0.7 percent tax on retail trade of up to PLN 300 mln a month, a 1.3 percent tax on the surplus above that sum and a 1.3/1.9 percent rate on revenues generated on weekends and other holidays, with a monthly tax-free sum of PLN 1.5 mln.