# Hungary wealth tax proposal

> Live situation record from CLSTR: https://clstr.news/situations/hungary-wealth-tax-proposal
> Updated: 2026-10-07T11:35:19.000Z. Sources: 15. Developments: 2.

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.

## Claims

- The proposed wealth tax applies to net assets exceeding 1 billion HUF. (corroborated by 3 sources)
- The tax rate is 1% for assets between 1 billion and 100 billion HUF. (corroborated by 3 sources)
- The tax rate is 1.5% for the portion of assets exceeding 100 billion HUF. (corroborated by 3 sources)
- The first payment and filing deadline is August 31, 2027. (corroborated by 3 sources)
- The tax is based on the asset status as of December 31, 2026. (corroborated by 2 sources)
- The tax applies to real estate, companies, and crypto-assets. (corroborated by 2 sources)
- The measure is estimated to affect 15,000 individuals. (corroborated by 2 sources)
- The tax is expected to generate 800 billion HUF in revenue over four years. (single source)

## Timeline

### 2026-10-07: Hungary 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.

8 sources. https://clstr.news/cluster/hungary-proposes-new-wealth-tax-for-assets-over-1-billion-huf

### 2026-10-06: Switzerland 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.

7 sources. https://clstr.news/cluster/switzerland-and-hungary-announce-new-fiscal-and-immigration-tax-measures

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Cite as: Hungary wealth tax proposal. CLSTR, https://clstr.news/situations/hungary-wealth-tax-proposal