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Special levy may increase prices, retail chains warn
Bratislava, 03.10.2018
The minor ruling party wants to impose a special tax on retail chains to raise money for the support of local food production. More Slovak products on shelves in shops or fairer distribution of profits between merchants, producers and farmers. This is the benefit a special levy proposed by the minor ruling party Slovak National Party (SNS) of Anton Danko is supposed to bring about. Six MPs for SNS submitted the new legislation stipulating the introduction of this levy as of 2019 to parliament last week. “The trade sector profits. It puts higher margins on Slovak products than on foreign ones while it by its dominant position pushes primary production and food processors into the sale of their products under production prices,” said Radovan Baláž, one of the MPs, who submitted the respective legislation as cited by the Pravda daily. The levy is proposed to an equal 2.5 percent of the net turnover of retail chains. It should be paid by merchants, whose sale of foods makes up minimally 10 percent of their turnover and have outlets in two regions at least. The basis for the calculation of the levy is the net turnover for three consecutive months. The retail chain will not pay the levy if the levy for the calculation period does not exceed €5,000. Those retail chains, which will fail to pay the levy or pay only a part of it, will be fined. The levy should bring €150 million to the state coffers. This money should be used for the support of local farmers and producers via the so-called marketing fund. odkaz na stránku
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