Retail tax suspended until end of 2017

Poland's cabinet has approved the suspension of the country's new retail tax until the end of 2017, the government press center (CIR) said in a statement following Tuesday's cabinet meeting. The tax on large retailers, which took effect on September 1, was quickly suspended after the European Commission announced that it would begin an inquiry into tax. The suspension aims to give the Commission time to conduct its inquiry. The government will work on a new version of the tax, top Polish officials have repeatedly signaled.