Transcript Slide 1

Ease of Doing Business 2013
Global Rank
126
23
Macedonia
35
Slovenia
46
51
54
55
Slovakia
Montenegro
Hungary
Poland
65
66
71
Czech
Republic
Bulgaria
Turkey
72
Romania
84
86
Croatia
Serbia
Bosnia and
Herzegovina
Best Countries for Business 2012
Forbs Magazine Global Rankings
85
37
23
38
41
43
45
46
47
49
52
60
90
2013 Index of Economic Freedom
World Rankings
Ease of Paying Taxes 2012
Total Tax Rate World Rankings
102
4
21
28
36
54
63
112
119
137
143
68
PwC and World Bank Group Study
Economic Indicators
GDP GROWTH(%)
5.0
INFLATION
6.1
Low inflation: average 2% annually over the last 4 years
2009:-0.8%; 2010:1.6%; 2011:3.9%; 2012:3.3%
5.0
2.9
2.8
2010
2011
-0,3
-0.9
2006
2007
2008
2009
2012
CURRENCY
Macedonian Denar pegged to the DM/€
EXPORT BY YEAR (US$ bn)
3.4
2007
for the last 15 years (€1= MKD 61.3)
2.7
2008
AVERAGE GROSS SALARY IN 2012
4.4
4.0
2009
3.3
2010
3,9
2011
2012
FDI BY YEAR (US$ m)
699
2007
CREDIT RATINGS 2012
Standard & Poor’s: BB
Fitch: BB+
587
2008
€ 498 per month
197
211
2009
2010
410
132
2011
2012
BUDGET DEFICIT & STATE DEBT
Budget Deficit, 2012: 3.3 % of GDP
State Debt,2012: 33.8 % of GDP
Source: National Bank of the Republic of Macedonia
Unbeatable Fiscal Benefits
• 10% Corporate & Personal income tax (among the lowest in Europe)
• 0% Tax on retained earnings
• Double taxation treaties with many European countries
• 0% tax for operation in a Technological Industrial Development Zone
• Real estate taxes at 2% - 4%
• VAT at 18%, with 5% on specific items
• FTAs with EU, EFTA, CEFTA countries; Turkey and the Ukraine; providing access
to over 650m customers
Corporate Income Tax
Macedonia*
Romania*
Personal Income Tax
10%
16%
General VAT Rates
Macedonia
18%
Turkey
18%
Czech Republic
19%
Czech Republic
20%
Hungary
19%
Slovakia
20%
Poland
19%
Ukraine
20%
Slovakia*
19%
Poland
Croatia
20%
Romania
Turkey
20%
Croatia
Ukraine
Hungary
21%
* Flat rate
Source: PricewaterhouseCoopers (Taxes at a glance 2012), National Investment Promotion Agencies
23%
24%
25%
27%