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New levy on retailers

The coalition party SNS proposed a new special levy on retailers, totaling 2.5% of their net turnover. SNS claims retailers have much higher profit margins compared to food producers. The levy’s intake, some €150m a year, would be used to set up a new marketing fund promoting Slovak farmers and food producers. The levy would be paid by all retailers with stores in at least two districts and food accounting for at least 10% of their sales. Among EU countries, Poland has a similar levy. SNS bypassed the standard comments process when submitting the tax. Analysts warn the new levy will increase food prices.


Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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