Wealth tax – frequently asked questions
Short answers to common questions about the draft. Every situation requires individual assessment.
Based on the supplied draft. The rules described have not been verified as effective law; the final provisions may change.
Frequently asked questions
Is the wealth tax already in force?
The rules described come from a draft bill. The draft alone does not confirm adoption; the final text and entry into force must be verified separately.
Above what amount could the tax apply?
Under section 6 of the draft, net wealth above HUF 1 billion, after specified debts, could be relevant.
What would the rates be?
Section 9 of the draft sets banded rates between 1% and 1.5%, with the higher rate applying to very substantial wealth.
Do company shareholdings count?
Yes, the draft would include the calculated value of shareholdings under specific valuation rules (section 12, Annex I).
Can you help outside Debrecen?
Yes. We serve clients throughout Hungary, in person or online.
Is my information kept confidential?
Yes. Every engagement is covered by attorney confidentiality.
Where can I get help preparing for Hungarian wealth tax?
Herdon Law Firm provides legal services, business valuation preparation, asset inventory and filing preparation for clients throughout Hungary. Meetings are available online or in Debrecen by prior appointment. Contact: +36 30 526 1633, info@herdon.hu.