Sejm passes banking tax with 0.44% rate

Poland wants to launch the tax on large retailers on March 1, 2016 and the tax on banks' and insurers' assets on February 1, said on Tuesday, Paweł Szałamacha, the Finance Minister. Poland budgeted PLN 5.5 bln in revenues from the asset tax on banks and insurers and PLN 2 bln from the retailers tax in 2016. Szałamacha also said that Poland wants adopt anti-avoidance rule in corporate tax law in Q2 2016. The Finance Minister has confirmed that money for the 500+ child benefit program had been secured in the 2016 budget.