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Getting the right deal - What should you consider when looking at an investment in Hungary and Budapest?

www.pwc.com/hu. Getting the right deal - What should you consider when looking at an investment in Hungary and Budapest?. 22 March 2013 Nick Kós Country Managing Partner PwC Hungary. Getting the right deal. Strong tax competition for investors – What can be a winning formula?

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Getting the right deal - What should you consider when looking at an investment in Hungary and Budapest?

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  1. www.pwc.com/hu Getting the right deal - What should you consider when looking at an investment in Hungary and Budapest? 22 March 2013 Nick Kós Country Managing Partner PwC Hungary

  2. Getting the right deal • Strong tax competition for investors – What can be a winning formula? • What’s on the agenda of CEOs now? • Budapest – Could it be the city of the future? Budapest International Business Center Conference

  3. Gettingthe right deal 1. Taxbattle Budapest International Business Center Conference

  4. Strong CompetitionfortheInvestors – Tax Battle Howtoattractthem? The regionalpicture Budapest International Business Center Conference

  5. PayingTaxes 2013Basic correlations Budapest International Business Center Conference

  6. PayingTaxes 2013Basic correlations Budapest International Business Center Conference

  7. PayingTaxes 2013Key findings at the global and local level In Hungary Budapest International Business Center Conference

  8. PayingTaxes 2013Corporateincometax is noteverything! Budapest International Business Center Conference

  9. PayingTaxes 2013Key findings at the global and local level Budapest International Business Center Conference

  10. PayingTaxes 2013Key findings inthe EU & EFTA Budapest International Business Center Conference

  11. Paying Taxes 2013Regional comparison Budapest International Business Center Conference

  12. Paying Taxes 2013Regional comparison Budapest International Business Center Conference

  13. Paying Taxes 2013Regional comparison Budapest International Business Center Conference

  14. IndividualperspectivesBoth refundable and non-refundable incentives are available to investors coming to or expanding in Hungary + „VIP” investmentsubsidy Source: HITA, 2012 Budapest International Business Center Conference

  15. Recently published tax changes • Extension of the applicability of investment incentives • Realization of a flat personal income tax rate for all income • Simplification of conditions for the implementation of e-invoicing • Repeal of crisis taxes levied on special sectors • Forward-looking elements of the envisaged tax policy • Shift in the tax burdens from income to consumption taxes • Tax incentives to enhance job creation • Simplification of administrative requirements Budapest International Business Center Conference

  16. Gettingtherealdeal Taxbattle CEO’sviews Budapest International Business Center Conference

  17. PwC CEO Survey Budapest International Business Center Conference

  18. PwC CEO Survey Budapest International Business Center Conference

  19. How confident are CEOs about your company’s prospects for revenue growth over the next 12 months? Hungary 18 42 Budapest International Business Center Conference

  20. Searchforgrowingmarkets… Budapest International Business Center Conference

  21. … butgrowth has more dimensions Budapest International Business Center Conference

  22. Global fear of governmental actions, rising TAX burden Budapest International Business Center Conference

  23. Government’srole – accordingtotheCEOs • InHungarianCEOsopinionwhatshould be thegovernment’spriority? • … And incompariosn: whatroleandhowdoesittakeonnow? ! ! Budapest International Business Center Conference Percentage of CEOs

  24. Gettingthe right deal Taxbattle CEO’sviews Whatmakesus a city/country of future? Budapest International Business Center Conference

  25. 3 Hungarian „successindurties” weusedto be proud of… • SSC • Automotive • Electronics … and whatarethesuccessfactors here? Budapest International Business Center Conference

  26. Service sector 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 1999 1998 1996 1991

  27. Automotive Budapest International Business Center Conference

  28. Electronics Industry Budapest Budapest International Business Center Conference

  29. Budapest – Could it be the city of the future? • Capitals - the key issues: • Intellectual and social capital • Democratic capital • Culture and leisure capital • Environmental capital • Technical capital • Financial capital Source: ‘Cities of the future: Global competition, local leadership’, PwC Economic factors are only part of the game! Budapest International Business Center Conference

  30. International successstoriesfromthe City Prezi.com Ustream Hungary LogMeIn 1 Budapest International Business Center Conference

  31. Assembly linesin Electronics vs. … Budapest International Business Center Conference

  32. … Highvalueadded, creativeindustries Budapest International Business Center Conference

  33. … Highvalueadded, creativeindustries

  34. The city of tomorrow 1 Budapest International Business Center Conference

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