Polish PM says Small Shops Will Benefit from Supermarket Tax
- New Europe Investor
- January 08, 2016
The Polish Prime Minister, Beata Szydlo has said that the supermarket tax to be implemented later in the year, will benefit small shops in the country.
She told members of the retail industry on Friday that small retailers will now be better able to compete in the market.
The tax of 2% on profits of retailers of over 250 square metres is due to come into force on the 1st March 2016, according to the Finance Minister, Pawel Szalamacha.
It was one of Law & Justice’s primary election pledges and is predicted to raise revenues of 2 billion zlotys (€460 million) in its first year.
Critics of the tax have said that it is essentially a tax on foreign business, who control a large proportion of the country’s largest supermarkets.