Deloitte: a government decree protects food suppliers

By: Trademagazin editor Date: 2020. 05. 07. 11:40

New government decree protects food suppliers when selling to larger traders in times of emergency due to the coronavirus, allowing traders not to unilaterally reduce the purchase price or threaten suppliers to reduce orders to achieve a lower purchase price – Deloitte is a consulting firm drerw attention on Wednesday.

The special retail tax, introduced on May 1, will drastically reduce the profits of foreign-owned companies at the top of the top ten retail chains based on annual turnover. These companies pay tax on most of their sales at the highest rate of 2.5 percent of the band-rising tax rates, Deloitte indicated. (MTI)