Hungary proposes new wealth tax for assets over 1 billion HUF

wealth tax Hungarian Ministry of Finance asset taxation tax reform wealth management

The Hungarian government has opened a social consultation process for a draft law introducing a new wealth tax. Under the proposal, individuals with net assets exceeding 1 billion HUF would be subject to a 1% tax on the portion up to 100 billion HUF, and a 1.5% tax on the portion exceeding 100 billion HUF.

The tax base includes a wide range of assets, such as real estate, cash, securities, holdings in both domestic and foreign companies, and crypto-assets. Notably, primary residences would not be exempt from this calculation. The tax would be based on the asset status as of December 31, 2026, with the first filing and payment deadline set for August 31, 2027.

Impact assessments suggest the measure could affect approximately 15,000 individuals and 2,000 wealth management entities, potentially generating 800 billion HUF in additional revenue over four years. For non-listed companies, valuation would be determined by a specific formula involving equity and average taxed profits. Spouses would be assessed independently based on their marital property agreements, and the 1 billion HUF threshold applies to each spouse separately.

Entities

Hungarian Ministry of Finance · Hungary · National Tax and Customs Administration

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The tax applies to real estate, companies, and crypto-assets. femina.hu
[● 3 SOURCES] The proposed wealth tax applies to net assets exceeding 1 billion HUF. privatbankar.hu · femina.hu
[● 2 SOURCES] The measure is estimated to affect 15,000 individuals. femina.hu
[● 3 SOURCES] The tax rate is 1% for assets between 1 billion and 100 billion HUF. privatbankar.hu · femina.hu
[● 3 SOURCES] The tax rate is 1.5% for the portion of assets exceeding 100 billion HUF. privatbankar.hu · femina.hu
[○ 1 SOURCE] The tax is expected to generate 800 billion HUF in revenue over four years. femina.hu
[● 2 SOURCES] The tax is based on the asset status as of December 31, 2026. privatbankar.hu
[● 3 SOURCES] The first payment and filing deadline is August 31, 2027. privatbankar.hu · femina.hu