[CLSTR]
< Back to situation

[REVISION HISTORY]

Hungarian government wealth and small business tax reforms

Updated 6 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-11 05:28 UTC → 2026-10-11 06:15 UTC · added removed

Péter Magyar, leader of the Tisza Party, has detailed his economic policy proposals as part of a broader initiative titled ‘Operation Cleansing Fire,’ which aims to address systemic corruption within the Hungarian state. A central component is the introduction of a wealth tax scheduled for January 1, 2027. The plan specifies a 1 percent tax on the portion of assets exceeding one billion forints, rising to 1.5 percent for assets exceeding 100 billion forints. This tax is intended to cover real estate, investments, corporate holdings, and assets held abroad, while allowing for deductions related to loans, real estate, and vehicle taxes. Following these proposals, the Hungarian government announced its plans for the tax, which will target individuals with net wealth exceeding 1 billion forints. The tax base is broad, encompassing savings, personal property, company assets, investment funds, and assets held in trust. For domestic tax residents, the tax will apply to both Hungarian and foreign assets. To prevent asset concealment, the regulation includes provisions addressing wealth transferred to spouses or minor children. Finance Minister András Kármán noted that taxpayers can choose to donate 5 percent of their wealth tax to public causes. The National Tax and Customs Administration (NAV) will provide online calculators for asset valuation, with the first payments expected by August 31, 2027. Regarding the ‘kata’ small business tax system, Magyar proposes expanding eligibility to over 100,000 new small businesses. While the National Association of Entrepreneurs and Employers (VOSZ) has welcomed the potential for part-time entrepreneurs, As the reform has sparked 2027 reforms approach, debate continues regarding economic transparency and the risk of disguised employment. Bence Rétvári ‘kata’ system. A key feature of the KDNP has argued draft is restoring the measures will disproportionately penalize domestic family businesses. ability for eligible individuals to invoice companies, a practice restricted in 2022. While this offers tax advantages, experts from Niveus warn it could increase the risk of “disguised employment,” where entrepreneurial contracts mask actual employment relationships.

Versions

  1. 2026-10-11 06:15 UTC Hungarian government wealth and small business tax reforms
  2. 2026-10-11 05:28 UTC Hungarian government wealth and small business tax reforms
  3. 2026-10-10 15:34 UTC Hungarian government wealth and small business tax reforms
  4. 2026-10-06 19:56 UTC Hungarian government wealth and small business tax reforms
  5. 2026-10-06 13:48 UTC Hungarian government wealth and small business tax reforms
  6. 2026-10-05 05:18 UTC Hungarian government wealth and small business tax reforms
  7. 2026-09-29 04:43 UTC Hungarian government wealth and small business tax reforms

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.