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Hungarian tax and audit agencies step up scrutiny of trust assets and large firms
State Audit Office (ÁSZ) chairman Windisch László said he will not resign and that removal is not possible under current law, while continuing investigations into the National Cultural Fund and the 2023 MNB scandal.
The National Tax and Customs Administration (NAV) announced a new regime to inspect trust‑asset structures (bizalmi vagyonkezelési) beginning 31 August 2026. The first wave will target structures registered before 12 September 2023, and from 2028 all such structures will be subject to inspection. The audits will focus on whether the arrangements serve genuine purposes beyond tax advantage, scrutinising initiators, controllers and rapid transfers of assets.
Separately, NAV partially lifted account freezes on companies owned by concert promoter Balásy Gyula, allowing the firms to settle outstanding debts. Two of three enforcement actions—against New Land Media Kft. and Lounge Event Kft.—were terminated, with the third case expected to close soon. The assets of Balásy’s firms are estimated at 55–60 billion forint, and their bank balances exceed 26 billion forint by the end of 2025. These moves reflect a broader governmental push to tighten oversight of high‑value private wealth and ensure compliance with fiscal regulations.
Entities
Balásy Gyula · National Tax and Customs Administration (NAV) · Windisch László
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Two of three enforcement actions against Balásy Gyula’s companies – New Land Media Kft. and Lounge Event Kft. – were terminated. hvg.hu
- [○ 1 SOURCE] NAV partially lifted the account freezes on companies owned by Balásy Gyula, allowing them to pay debts. hvg.hu
- [○ 1 SOURCE] ÁSZ chairman Windisch László refused to resign despite calls for his departure. nyugatifeny.hu
- [○ 1 SOURCE] Balásy Gyula’s firms are estimated to hold assets worth 55–60 billion forint, with bank balances exceeding 26 billion forint by 2025. hvg.hu
- [○ 1 SOURCE] NAV will first inspect trust structures registered before 12 September 2023. www.forbes.hu
- [○ 1 SOURCE] Windisch László said removal of the ÁSZ chair is not possible under existing legislation. nyugatifeny.hu
- [○ 1 SOURCE] NAV will begin mandatory inspections of trust‑asset (bizalmi vagyonkezelési) structures from 31 August 2026. www.forbes.hu
- [○ 1 SOURCE] From 2028 all trust‑asset structures will be subject to NAV inspection. www.forbes.hu