Sales tax may cause pressure for prices growth– Biedronka

If Poland introduces sales tax, market participants will have to adapt to the extra costs, and it may create pressure for prices growth. “If the tax comes into force, as in the case with Sunday trade ban, this will be reflected in the entire economy,” said Ana Luisa Virginia, financial director at Biedronka owner Jeronimo Martins.

Sales tax would impose payments depending on the size of the retailers’ revenue, putting the highest charges on the largest chains. Analysts estimated that for Jeronimo Martins sales tax in 2020 would amount to PLN 838.1 million.

(PAP)