Poland’s ‘Supermarket Tax’ to Come in March
- New Europe Investor
- January 05, 2016
Poland’s Finance Minister, Pawel Szalamacha has said that the country’s pending supermarket tax will be implemented in March of this year.
The proposal is to tax shops of more than 250 square metres 2% of their annual income.
Szalamacha added that the tax will generate 2 billion zlotys (€464 million) in extra revenue per annum.
The extra revenue will be used to pay for some of the important government initiatives, such as the planned hiking in child benefit.
The tax has been criticised heavily, especially by those in the business community who see it as a tax on foreign enterprise. A large proportion of the bigger retailers in the country are under foreign control.