Wednesday, January 27 (14:54) Update: 1 hr. 50 minutes ago
The finance minister was questioned on Wednesday before the meeting of the Sejm by journalists about the need to convene the finance committee. – Of course, that the committee makes sense, because banks increase fees and do not have a basis for it – said Szałamacha.
On Tuesday, PKO BP announced a change in tariffs and fees. After this decision, the President of the Parliamentary Committee on Public Finance Andrzej Jaworski announced that he will invite, among others, President of the PKO BP committee meeting.
Jaworski told reporters on Wednesday that the committee invite the February meeting of the representatives of the banks. – Invitations will be sent personally to the presidents of banks. Also we invite the KNF, the OCCP, representatives of ministries. We want to make a big and very robust debate on what is happening at the moment in the banking sector, especially after the entry of the Law on so-called bank tax – he stressed.
He added that he will be invited presidents of banks, “in which the Treasury has a significant share or majority share “. – It will also be an open invitation for those CEOs who want to take part in the discussion. The Commission is open to all interested – said Jaworski.
– We have a whole bunch of speeches, transcripts bankers who say openly that there was a change in the margin or different kinds of situations related charges due to the introduction of a bank tax . Therefore, we expect that these people withdraw from their words, whether they do so because of the tax – he said.
At the end of October last year Szałamacha, before taking up his duties at the Ministry of Finance said on TVN BIS, the reversal of tax expense banking clients can prevent a state bank PKO BP. – I imagine a situation in which the president of PKO BP, which is controlled by the Treasury, makes a public statement, which invites customers to the competition, where those banks would seek to increase their charges. Then, acting on such logic, they will lose business. After that the Treasury has the tools which are its assets in order to achieve reasonable economic goals – he said.
J. Borowski: For new taxes, bank lending will grow more slowly
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– Another proof that the PiS does not understand the economy – in this way the head PO caucus Slawomir Neumann says the announcement invitations to the meeting of the finance committee of representatives of the banks. Clarification Members, why banks increase fees for use of their services. Banks explain that it is a consequence of the introduction of a bank tax.
According to Neumann, Law and Justice destroys the credibility of the Polish business. The politician added that the work on the law introducing a bank levy – Platform warned that its costs will be passed on to customers. That it bounces higher margins, commissions and interest, now it happens – says Neumann. He recalled that the politicians of the ruling party announced that state-owned bank PKO BP will be guarded not to raise fees. We know today that PKO BP and fee increases – he said.
Neumann explains that in a market economy business managers can not ignore in their cost of such burdens, they are new taxes. The politician added that “hooting” on governors at a meeting of the Finance Committee does not cause that will not increase fees.
Tax Act, certain financial institutions is to take effect from February 1. It provides for, among other things, that banks, insurance companies, credit unions and loan companies will be taxed banking. Annually, it will amount to 0.44 percent. the value of their assets. (IAR)
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The amount of tax-free too low, worries taxation franchise networks – PIH
Polish Chamber of Commerce estimates that founded in the draft law on tax on retail sales tax-free amount is too low, worried about the liability to taxation of franchise chains and a high rate of 1.9 percent. Trade on Saturdays and Sundays.
“The bill would equalize the chances of Polish traditional trade against foreign discount stores and hypermarkets. Meanwhile, in the assumptions of the Act do not see and we are in very disappointed. The Ministry of Finance is still, however, the project has not published the entire bill, so we hope that maybe it will be beneficial for the Polish traditional commerce, “- he said, as quoted in a press release, Maciej Ptaszyński, general director of the Polish Chamber of Commerce.
The Ministry of Finance presented on Monday set up a new draft law concerning. tax on retail sales. Taxpayers of the new levy will all retail chains and retailers. The tax will be a progressive tax with a rate of 0.7 percent. aggravating income in a given month exceeding the amount of 300 million zł, and at a rate of 1.3 percent. the surplus revenue of over 300 million zł.
The project provides a rate of 1.9 percent. revenues from retail sales conducted on Saturdays, Sundays and other legal holidays. Tax-free amount is 1.5 million zł net per month.
“This amount is too low and indicates that many small and medium-sized Polish companies will have to pay tax on turnover. And that dramatically will affect them the financial condition and development opportunities. For many companies or cooperatives expenditure of 0.7 per cent. per month is a big amount. And when we add to this taxation for trade on the weekends, stores will actually be charged 1 percent. ” – Said Wojciech Kruszewski, president of the Lewiatan Polish retail chains.
According to PIH small trading companies, the profitability of approx. 0.5-1.5 per cent., will not be able to establish a competitive struggle with discount stores whose profitability is much higher. The tax is not therefore contribute to the equalization of opportunities for Polish companies.
In the opinion of PIH-free amount should include small and medium-sized enterprises, ie those with a turnover of 45-225 million zł (10-50 million euros).
By PIH, “particularly worrying” there are plans to levy tax on franchise network.
“In most cases in Poland franchise network – it’s just common logo, which individual entrepreneurs to give greater recognition – eg. Spolem. Smaller shops associate in franchise networks, because together they find it easier to resist the power of discounters – are doing together shopping to be suppliers to lower prices, have a common promotional strategies or loyalty programs. Organizers Network do not sell goods to affiliated stores – mediate only between manufacturers, wholesalers and shops in marketing support organization. The organizers, wholesalers and shops are separate entities, the organizer of the network does not know the turnover of retail network participants. Retail trade is carried out by individual stores – members of the network “- written in the press release.
Load small and medium-sized enterprises will also, according to PIH, increased by extending tax of 1.9 percent. Trade on Saturdays and Sundays, where sales on Saturdays is approx. 40 per cent. higher than on other days.
“Trade in these days will be for them totally uneconomical and will affect the overall burden of these institutions over the possibilities. Trade on the weekends they can not afford the largest network of discount stores and hypermarkets, which will afford to incur such costs. A result that will be achieved will be counterproductive – hamper trade in small and medium-sized enterprises and large networks will still be able to build its dominant position “- written in the press release.
The Polish Chamber of Commerce is an industry Chamber of Commerce represents about 30,000 retailers and wholesalers throughout the country. (PAP)
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