Poland postpones new retail tax until end-2017 | Progresiv
The Polish Government has decided to suspend the planned retail tax until the end of 2017. According to a statement issued by the Government, the suspension will give authorities more time to work on a new version of the tax, and provide additional time for the European Commission to complete its investigation. 
The tax came into force on 1 September, but was quickly suspended after the EC decided to open an in-depth investigation due to suspicions that it benefits some companies over others.
The tax determined that companies with a turnover between 17 million euros and 170 million euros would pay a monthly rate of 0.8%, while retailers with monthly revenues exceeding 170 million euros would have to pay 1.4%.
The largest retailer in Poland is Biedronka, owned by Portugal’s Jerónimo Martins. During the first half of 2016, it generated 4.68 billion euros in revenue, which gives an average of more than 750 million euros monthly. (www.esmmagazine.com)
