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SSC incentives in Hungary 2013

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SSC incentives in Hungary 2013

  1. 1. March 2013 1. Subsidy with Individual Government Decision above EUR 10 M and no EU funds are available or above EUR 25 M Type: cash, non-refundable Amount of subsidy: decided individually by the Hungarian Government Conditions: creating at least 100 new jobs or at least 200 in the Central Hungary region Application: „request list” shall be submitted to HITA Provider of incentive: Hungarian Government 2. Development tax allowance Type: tax allowance for post-investment period Amount of subsidy: exemption for 80% of the corporate tax payable for 10 years following the fulfilment of the investment Conditions: A. investment volume min. EUR 10 M, min. 150 new jobs or wage cost growth reaches 600 times the yearly minimum wage OR B. EUR 3.3 M investment volume and 75 new jobs in preferred regions or wage cost growth reaches 300 times the yearly minimum wage Application: request needs to be submitted to HITA Provider of incentive: Ministry for National Economy 3. Training subsidy Type: cash subsidy, non-refundable Amount of subsidy: 25-90% of eligible training costs  max. EUR 1 M (HUF 300 M) if job creation is between 50 and 500,  max. EUR 2 M (HUF 600 M) if job creation >500 Conditions: min. 50 new jobs Application: letter of intent needs to be submitted to the relevant minister Provider of incentive: Ministry for National Economy 4. Job Protection Action Plan (Social Tax) Type: tax allowance The social tax payable can be decreased for five prioritized labour groups. The claim of the allowance is to be indicated in the tax documentation. Amount of subsidy: The social tax is in this case either 0% or 14% (instead of the general 28.5%) depending on the type of labour group. Providers of incentive: Hungarian Government One stop shop by HITA Tailor-made incentive solutions covering various granting authorities Negotiations and processes with all relevant authorities coordinated by HITA For further information please contact: Mrs Györgyi SOMFALVI-PETÉNYI Head of Incentives Department HITA Phone: +36-1-872-6515 E-mail: investment@hita.hu SubsidiesforSharedServiceCentreprojects Incentives for Shared Service Centre projects

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