The proposed tax would cover real estate, investments, company holdings and overseas assets, with loans deductible from the tax base.
Hungary’s government has proposed an annual wealth tax on individuals holding more than HUF 1 billion, Prime Minister Peter Magyar announced on 6 October 2026.
The tax would be 1% on wealth above the threshold from January 2027. Those with more than HUF 100 billion would pay 1.5% on the excess. It would cover all forms of wealth, including real estate, investments, company holdings and assets outside Hungary. Loans would be deductible from the tax base.
Magyar said the proposals would soon be published on the government website for public consultation. Parliament, where his Tisza party holds a large majority, is then expected to approve them.
The government is also yet to clarify the impact on next year’s budget, as it must address a deficit projected at 7.5% of national output this year.
