Monday, January 25, 2016

The tax on traders with shops will give a hard time on the weekends. Ministry reveals details will be three different rates – Money.pl

Pictured Finance Minister Paul Szałamacha

Each store with revenues in excess of 1.5 million zł per month will pay a new tax – revealed on Monday the Ministry of Finance. Resort distinguishes between retailers on those who work only a week, and for those who earn too weekends and holidays. For the latter prepared the extra load.

The Ministry of Finance is planning three different heights tax. The highest rate of 1.9 percent. has the effect of revenues from retail sales conducted on Saturdays, Sundays and other public holidays (this latter criterion will relate to those retailers who under the law will have sold in such days).

The other two are already lower. The lowest rate of 0.7 percent. is charged to income in the month exceeding the amount of PLN 300 million. On the other hand the rate of 1.3 percent. to be paid on the excess of revenue over 300 million this month.

– The higher taxation of trade on the weekends can make really all trade on Saturdays and Sundays unprofitable – warns Maciej Ptaszyński of the Polish Chamber of Commerce.

“new tribute will be liable for all retail chains and retailers. The object of taxation will be monthly revenue from the sale of goods. The amount is tax-free 1.5 million zł net per month. Taxpayers who do not exceed this amount, will be exempt from tax and will not be obliged to file a tax return, “- said in a statement the Ministry of Finance. According to the Ministry of Finance to impose a tax will increase competition in the retail market.

– The amount of free looks fine, but the progression of tax rates seems to be much less than that proposed the trade organizations. It seems that this is still to be discussed – says Maciej Ptaszyński.

The tax will not be subject to income from the sale of medicines and medical devices reimbursed. The definition of goods are also not covered by the meals prepared by the vendor, natural gas, water, heat system and electricity.

The result of the implementation of the proposals of the Ministry of Finance may withdraw from the Polish part of the largest supermarkets – says CEO Polish Trade and Distribution Organization Andrzej Faliński – I do not know if this happens; if so – then we can expect that within two years. Now the owners of large networks might well begin to count and calculate profitability. It may be too low – assesses. Among the entities’ most losers “lists or wholesalers (read more here).

– Proposals ministry – when they come into force in such a shape – will in my opinion negative consequences for the economy. That could move justified because of the social announcement of the government, but eventually it will be a big hindrance to economic development. The budget to food, but the economy as such – not – indicates Faliński.

– This is not mega stores and consumers, but providers shops will incur the cost of a new tax – evaluate, in turn, General Director of the Polish Federation of Food Producers Andrzej Gantner (read more here.)

Resort does not agree with the opinions that retailers will pass costs on to customers. – Retail is so saturated that raising the price by one entrepreneur would cause an outflow of customers to another. Therefore, we do not expect the collective to raise prices – explains quoted in the statement the Ministry of Finance, the Minister of Finance Paul Szałamacha. According to him, the base rate at 0.7 per cent. is a “very moderate”.

According to the Ministry approved the project a model of equal taxation of all retailers is compatible with EU law. It is also stated that the new tax is not subject to the EU directive on the common system of value added tax because they do not meet the characteristics of that tax.

The Communication Ministry of Finance also stated that before publishing a draft has been consulted, which was attended by trade representatives. “All reported opinions have been considered during the consultation” – provided the Ministry of Finance.

The tax on supermarkets will be one of the additional sources of income, which is to be financed, according to the PiS program, including 500+ program. According to the draft budget for 2016 tax revenue from stores should reach approx. 2 billion zł per year. The project was directed by the Ministry of Finance to the Prime Minister’s Office. The Act would come into force 14 days from the date of publication.

The preliminary draft law on the tax due that were to be taxed entities engaged in commercial activities in the stores with a sales area exceeding 250 square meters. During the consultation conducted with the industry in early January, the parties agreed to abandon the criterion of the surface as the tax base, reached also an agreement that it was a tax on turnover and had progressive.

Earlier, a series of consultations with trade representatives conducted led by Law and Justice deputy Adam Abramovich parliamentary team. It was agreed in the course of that tax hypermarkets should not be dependent on the surface of the store, and should be progressive, cascading and include tax-free allowance.

The differences concerned, among others the quantity thresholds – representatives of small and medium-sized enterprises have to advocate for up to seven rapids, while the Polish Organization of Trade and Distribution for three. Also on the amount of free there was no consensus among business organizations, while members of the team suggested that this was a minimum zł 12 million annual turnover.


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