POLAND: Retail Tax One Step Closer To Reality After Parliament Approval

The Polish Parliament has approved a bill that imposes a three-tiered tax system on retailers operating in the country.  The bill has been strongly criticised by international chains, which claim the move is aimed at them.

The tax was part of the ruling Law and Justice (PiS) party’s main pre-poll promises, and is expected to net the government 1.5bn zlotys a year.  The tax ranges from 0.8% to 1.4% of monthly sales, depending on the revenues generated.

The bill will now need to be approved by the President to be made into a law.

NAM Implications:
  • A done deal i.e. Time for international retailers to factor PTAs into their strategies
  • A temporary competitive advantage for local players?
  • …while NAMs reassess the ability of local retailers to optimise the adjusted market, and invest accordingly…