Tax spectrum of Żabka and Eurocash. The market is growing, actions are cheaper

Information of the portal wiadoscihandlowe.pl on work on the amendment to the act on retail tax, which can bring it to cover, among others franchise networks, reflect on the notes of two large WSE companies. The courses of the Żabka and Eurocash groups look poor against the background of the growing market.

Although WIG20 during Wednesday's session gained about 2 percent, with almost a set of greenery in the portfolio of the largest companies, under pressure there was a rate of the Żabka group, a lowering of 2 %. In the composition of the MWIG40 index, one of the weakest courses was the one regarding Eurocash, falling by about 1.5 percent.

As it turns out, the factor behind the relative weakness of both companies may be reports of the portal of the portal wiadomośposcihandlowe.pl from Monday afternoon, informing about the probation by the Ministry of Finance (MF) of any directions of the amendment to the Act on retail tax.

“There are many indications that he will ultimately intend (amendment, editor's note) to the tribute to entities that do not pay it today,” in this context, e.g. franchise networks and e-commerce platforms.

Allegro, although it shone green, he could also show sown doubts about the spectrum of the new tax, because against the background of a few percent of other large companies, an increase of about 0.1 percent. He looked quite poor, especially since the day before as the only one from WIG20 was listed under the line.

What is the tax sales tax?

I inform Newswoscihandlowe.pl The government of Donald Tusk is developing an assessment of the functioning of the Act on retail tax (OSR ex post). It was imposed in 2021 on the greatest retailers. In 2024, he brought less than PLN 4.36 billion to the state budget.

“The tribute is paid by approx. 230 entities (with only 10 leading companies responsible for over three quarters of revenues). Tax is not paid by companies whose retail revenues do not exceed PLN 17 million a month. Two rates apply above this threshold: 0.8 percent (up to PLN 187 million of income) and 1.4 percent (above PLN 187 million)” – explains the portal.

The letter of the Polish Chamber of Trade to the Ministry of Finance was also quoted, which indicated that “franchisees and franchisor are separate economic entities that share a cooperation agreement”, while the possible extension of the circle of entities covered by tax “this raises a number of problems, both at the level of obtaining credible data and reporting, as well as calculating tax receivables”.

“Currently, in franchise systems, tax is not actually paid, because every entrepreneur -franchisee is treated as a separate entity, thanks to which he is able to fit in the free amount. In turn, the franchisor – the network organizer – conducts wholesale, not retail,” explains Paweł Jachowski in the article entitled “Commercial tax to change! Franchise networks and online sellers can pay this tribute?” on the portal newshandlowe.pl

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