Wealth Tax: the Tisza Government Expects to Generate 800 Billion Forints in Revenue From This in Four Years
12 Articles
12 Articles
The Tisza government presented a detailed draft of the wealth tax on Tuesday, which was submitted for public consultation. The richest would pay even more than previously discussed, it would be difficult to take wealth abroad and hide it, but the new tax could be painful for many medium-sized companies.
The government has published a draft of the wealth tax for public consultation. The Ministry of Finance has also attached the impact assessment sheet, which shows that they expect an additional budget revenue of 800 billion forints from this "during the examined period", which is a 4-year period.
Here are the fine print details of the wealth tax, Hungarians can pay even on their wealth in 2026 - A tax expert explained what and how to take into account.
The Hungarian government led by Peter Magyar proposed the introduction of an annual property tax for persons holding assets worth more than a billion forints, the equivalent of about $3.08 million. The measure represents one of the electoral promises of the Tisza party and would come into force on January 1, 2027. [...]
The Hungarian government has proposed an asset tax that targets people who hold assets worth [...]
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