Tuesday, January 26, 2016

three rates of tax DIY project – Banker

              Stores will pay three rates of tax on turnover; rate
 Basic will be 0.7 per cent., and the other – 1.3 percent. and 1.9 percent.
  The tax will also include free amount of 1.5 million zł
 monthly turnover – according to Monday’s statement the Ministry
 Finance.

 
 
 

The tax, according to a press release, will have character
 progressive. 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.

 

rate of 0.7 percent. is charged to income not exceeding in the
 month EUR 300 million. The rate of 1.3 percent. will be payable on
 the excess revenue over 300 million this month.
 

The rate of 1.9 percent. It has the effect of sales revenue
 Retail Saturdays, Sundays and other public holidays
  work (this latter criterion will refer to these retailers
 retailers who under the law will have sold in such
 d).

 

“new tribute will be liable for all retailers and
 retailers. The object of taxation is a monthly
 Revenue from sales of goods. Tax-free amount is 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 make a declaration
 tax “- reads the finance ministry.

 

The tax will not be subject to income from drug sales and
 medical devices reimbursed. The definition of goods are not too
 included meals prepared by the vendor, natural gas, water, heat
 System and electricity.

 

According to the Ministry of Finance to impose a tax will increase competition in the retail market.

 

Resort also does not agree with the opinions that retailers pass costs
 charge to their clients. “Retail is so saturated that
 raising the price by one entrepreneur, would drain
 clients to another. We do not expect, therefore, a collective increase
 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
 “very moderate”.

 

According to the Ministry approved the project a model of equal taxation
 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 it does not
 meets the characteristics of this tax.

 

The Communication Ministry of Finance also stated that before publishing a draft
 consulted, which was attended by representatives
 the commercial industry. “All reported opinions have been considered in
 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. IN
 According to the draft budget for 2016 income tax should markets
 amount to approx. 2 billion zł per year.

 

Borowski: Retail pass costs on suppliers and customers

 Borowski:  Retail Flip & # x105; costs for vendor &  # XF3; wi customer & # XF3; in

The introduction of a bank tax will impede lending in some banks, while others will allow you to increase market share – thinks Jakub Borowski, chief economist at Credit Agricole. On the other hand, a tribute imposed on shops charge partly suppliers and customers. As a result, prices rise and fall, consumption, corporate profits and investment.

 

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

 

Earlier, a series of consultations with trade representatives
 He conducted led by Law and Justice deputy Adam Abramovich team
 parliamentary. It was agreed in the course of that tax hypermarkets do not
 should 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 thresholds,
 while the Polish Organization of Trade and Distribution for three. Also in
 the amount of free there was no agreement between the organizations
 entrepreneurs, and members of the team suggested that it was a
 At least 12 million zł annual turnover.

 
 

             - No group entities would gain tax on stores
 proposed by the Ministry of Finance; at least they will lose an average network size
 supermarkets – mainly Polish and network systems, franchise – is considered
 General Director of the Polish Organization of Trade and Distribution Andrzej
 Faliński.
           

 

He estimated that the effect of the implementation of the proposals
 Ministry of Finance may withdraw from the Polish part of the largest
 hypermarkets. “I do not know if this happens, and if so – then we can
 expect to do so within two years. Now you probably owners of large
 the network will start well count and calculate profitability. It may be
 too low “- said Faliński. Among the entities’ most
 lossy “also mentioned wholesalers.

 
 
 

“Proposals ministry – when they come into force in such a shape -
 in my opinion, will result in negative consequences for the economy. So maybe
 a move justified on grounds of social announcement of the government, but
 eventually it will be a big hindrance to economic development. Budget to
 food, but the economy as such – not “- pointed Faliński.

 

According to him proposed by the Ministry of Finance tax is high and “sharply
 scoped “.” The thresholds are set so that they pay everyone. A novelty and
 surprise is the fee for trading on Saturdays, Sundays and holidays.
  And we must remember that on Saturdays for more than quarter
 weekly trade and profit from it. As I understand it, the point is to
 We were then Brussels reproached no discrimination against foreign operators
 terms of national “- said Faliński.

 

In his opinion “glimmer of hope” for traders is that since
  are set such rates, it probably is not planning ministry
 Sunday trading ban.

 

Faliński also admitted that the current proposals of the Ministry of Finance are “somewhat better
 from the previous “. The preliminary draft of the law on this tax
 it appeared that were to be taxed entities engaged
 sales in stores with a sales area exceeding 250 square meters. During
 consultations conducted with the industry in early January, the parties agreed
  what to give up this criterion as the tax base.
 “Such a criterion would be curious and would pose only different ideas
 its handling “- believes Faliński.

 

“As regards the impact of the current proposals for ordinary consumers, it
 I see it like this: first, they will have less choice, because as a result of
 taxes some suppliers will be eliminated. As for the price – increase for
  goods as good and very good quality; while there will be
 larger quantities of products far cheaper, but bad
 qualitatively “- he stressed. He noted that in his opinion this phenomenon
 especially the garment industry will or label.
 

(PAP)

 

mmu / son /

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