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2 clusters · 15 sources · 2 days · First seen · Last updated
Hungary wealth tax proposal
Overview
The Hungarian government has initiated a social consultation process regarding a proposed draft law to introduce a new wealth tax. Scheduled to take effect on January 1, 2027, the tax would target individuals with net assets exceeding 1 billion HUF.
Under the proposal, a 1% tax rate would apply to assets up to 100 billion HUF, increasing to 1.5% for any portion exceeding that threshold. The taxable base encompasses real estate, cash, securities, crypto-assets, and holdings in domestic and foreign companies. Notably, primary residences would not be exempt from these calculations.
Assessments indicate the measure could impact approximately 15,000 individuals and 2,000 wealth management entities, with a potential revenue generation of 800 billion HUF over four years. The tax will be based on asset status as of December 31, 2026, with the first payment deadline set for August 31, 2027. For non-listed companies, valuations will be determined by a formula involving equity and average taxed profits. Spouses will be assessed independently based on their marital property agreements.
Entities
Hungarian government · Swiss Parliament · Hungary · National Tax and Customs Administration · Council of States
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The proposed wealth tax applies to net assets exceeding 1 billion HUF. privatbankar.hu · femina.hu · maszol.ro
- [● 3 SOURCES] The tax rate is 1% for assets between 1 billion and 100 billion HUF. privatbankar.hu · femina.hu · maszol.ro
- [● 3 SOURCES] The tax rate is 1.5% for the portion of assets exceeding 100 billion HUF. privatbankar.hu · femina.hu · maszol.ro
- [● 3 SOURCES] The first payment and filing deadline is August 31, 2027. privatbankar.hu · femina.hu · maszol.ro
- [● 2 SOURCES] The tax is based on the asset status as of December 31, 2026. privatbankar.hu · maszol.ro
- [● 2 SOURCES] The tax applies to real estate, companies, and crypto-assets. femina.hu · maszol.ro
- [● 2 SOURCES] The measure is estimated to affect 15,000 individuals. femina.hu · maszol.ro
- [○ 1 SOURCE] The tax is expected to generate 800 billion HUF in revenue over four years. femina.hu
Timeline
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[BUSINESS] 8 sourcesHungary proposes new wealth tax for assets over 1 billion HUF
Hungary's government proposes a wealth tax on assets over 1 billion HUF, targeting real estate, companies, and crypto-assets, with a projected 800 billion HUF revenue impact over four years.
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[BUSINESS] 7 sourcesSwitzerland and Hungary announce new fiscal and immigration tax measures
Switzerland considers a new safeguard tax for EU migrant workers, while Hungary announces a wealth tax for high-net-worth individuals and changes to small business taxation starting in 2027.
Sources
10perc.hu · adevarul.ro · aktual24.ro · echo24.cz · economx.hu · femina.hu · hetek.hu · index.hu · jurnalul.ro · libertas.mk · maszol.ro · novekedes.hu · privatbankar.hu · realitatea.net · srpskainfo.com