WOOD Flash – Polish retail: tax saga + VAT issue
We attended the press conference of Polska Izba Handlu (PIH, the Polish Chamber Of Trade) today, representing a wide group of small- to mid-sized retailers in Poland, including franchise chains from the Eurocash group. The conference was focused on two major regulatory issues potentially affecting the Polish retail industry: a) the retail tax; and b) pending changes in the VAT regulations. Overall, according to PIH, both the recent proposal for the retail tax (a flat 1.2% rate) and some ideas aimed at improving VAT collection could be deadly for Polish retailers.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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