implementation of the new recommendations of imts 2010 and msits 2010 in hungary challenges
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Hungarian Central Statistical Office Foreign Trade Statistics Department. Implementation of the new recommendations of IMTS 2010 and MSITS 2010 in Hungary Challenges. Anita Bány. Things to talk about. Hungary in the world trade Institutional arrangements What are the main challenges? IMTS - PowerPoint PPT PresentationTRANSCRIPT
Implementation of the new recommendations of IMTS 2010 and MSITS 2010
in Hungary
Challenges
Anita Bány
Hungarian Central Statistical Office Foreign Trade Statistics
Department
Things to talk about
Hungary in the world trade
Institutional arrangements
What are the main challenges?IMTSMSITS
Hungary in the world trade
Share in total export Annual growth rate Concentration by products and
partners Role of multinational enterprises
External trade, 1992 - 2009
60%
80%
100%
120%
140%
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Per
cent
(pre
viou
s ye
ar =
100
)
EXPORT IMPORT
Commodity pattern of external trade, 1996-2009
0%20%40%60%80%
100%
1996 2009
Imports
Machinery and transport Manufactured goodsFuels, electric energy Food, beverages, tobacco Crude materials
0%20%40%60%80%
100%
1996 2009
Exports
Machinery and transport Manufactured goodsFood, beverages, tobacco Fuels, electric energyCrude materials
External trade by types of transactions 1996 – 2009
0%
20%
40%
60%
80%
100%
1996 2009
Imports
General turnover of goods Processing0%
20%
40%
60%
80%
100%
1996 2009
Exports
General turnover of goods Processing
Concentration by main traders
Imports, 1996
Other51%
Main traders
49%
Exports, 1996
Main traders
44%Other56%
Imports, 2009
Other40% Main
traders60%
Exports, 2009
Main traders
54%
Other46%
Concentration by partnersImports, 1996
Italy7%
Russia11%
Germany27%
Other countries
40%Austria11%
France4%
Exports, 1996
Austria11% Other
countries39%
Italy7%
Russia5%
United Kingdom
4%
Germany34%
Imports, 2009
Other countries
38%
Austria8%
Russia9%
Germany31%
Netherlands6%China
8%
Exports, 2009
Italy7%
France7%
Germany32%
Romania6%United
Kingdom7%
Other countries
41%
Institutional background
HCSO’s responsibility for the compilation of trade in goods and services statistics
Institutional arrangements National Bank of Hungary Tax Authority Custom Authority Financial Supervisory Authority (ITS/insurance
services)
Institutional arrangements: National Bank of Hungary, since 2002
Goods: In 2003 payment data were replaced by data from the Custom Authority
Services: In 2005 switching from ITRS to direct reporting (quarterly data collection),
Annual working plan: Schedule on the introduction of new recommendation of
BPM6 Consistent treatment of multinational enterprises Joint forum in order to enforce the statistical needs with the
Tax Authority Register building of SPE’s
Institutional arrangements: Tax Authority, since 2004Use of tax data (VAT, VIES, corporate income tax):
Sample selection Data validation Consistency checks Estimation (Intrastat/traders under the reporting
threshold; ITS/construction in Hungary) Data transmission - government services Problems:
No consultation before any modifications on declarations, Insufficient contact information of VAT registrations
Institutional arrangements: Custom Authority, since 2003
Goods: Individual data on trade with third countries according to the Single Administration Document (SAD)
Services: Custom revenues levied for the EU (25% due to Hungary)
Problems: Statistical requirements can not be fully attained (Custom simplifications)
Overlapping issues IMTS, MSITS 2010
Processing
Merchanting
Specific movements of goods
Financial leasing – operational leasing
Processing 1.
Inward processing – processor is in country A, owner of the goods is in other country
Goods crosses
A’s border
Material Finished goods Processing fee
Processing to be
identified
1. Yes, export
acquired in country A (resident-non
resident/non resident-non resident transaction)
sold in country BFee paid by country C
NO- FTS- Export (finished goods)-country B
2. Yes, import acquired in country B
sold in country A (resident-non
resident/non resident-non resident transaction)
Fee paid by country C
YES- FTS- Import (material)- country B
Processing 2.Processing 2.Outward processing – owner of the goods is in country A, processor is in other country
Goods crosses A’s
border
Material Finished goods
Processing fee
Processing to be
identified
3. Yes, import acquired in country B
sold in country A (resident-non
resident/resident- resident
transaction)
Fee paid to country C
NO- FTS - Import (finished goods) - country C
4. Yes, exportFrom country A delivered to country B
sold in country C Fee paid to country B
YES- FTS - Export (material) - country B
5. No acquired in country B sold in country C Fee paid to
country D ITS data collection
Processing 3.FTS is incomplete: ? Data sources:
FTS (country information on processing fee, one leg transactions) ITS (CN) or both
? Transaction codes ? Evaluation of data (complex cases – multi-stage processing
more resident companies, VAT registrations involved). ? Backcasting of time series ? Valuation problems (VAT registrations, high technology
goods) ? Adjustments for national accounts, BOP (holding gains and
losses, overheads – inward processing) ? Additional information:
SBS VAT Corporate income tax Balance sheets
Merchanting
Merchanting is collected on quarterly basis in ITS data collection
Better coverage in DR than in ITRS Data sources: VAT, VIES Definition in BPM6 (new element according to
paragraph 10.48) Adjustments for BOP, NA ? new codes, data at CN level, monthly, quarterly data
needs
Specific movements of goods, financial leasing – operational leasing Reconciliation exercises in intra EU trade (big discrepancies):
country A (producer of the ship/aircraft) records trade in goods exports with country B
country B (operator, lessee) records trade in services imports with country C (lessor)
What kind of transactions are recorded between country A and country C?
Harmonised guidlines are needed Integrated approach: involvement of trade in goods, trade in
services, BOP, national accounts Exchange of information Case studies (different leasing arrangements within a company)
Main challenges, MSITS 2010 The content of these services has changed a lot:
Charges for the use of intellectual property Research and development services Computer services Audiovisual services
Difficult to interprete how to report Data sources:
FTS Capital account of BOP Balance sheets Information from the Patent Office R&D data collection in HCSO
Problem: Services between affiliated enterprises (imports)
Special Purpose Entities
The treatment of SPE’s is different in the statistics of countries
Proposal - Task Force dealing with the multinationals of GNI Committee of Eurostat
? ITS, national accounts Services that are traded (?) by these entities:
R&D Royalties and licence fees Operational leasing Merchanting
Their basic activity is invoicing and the main purpose of their activity is tax reduction.