Hungarian-resident individuals
The draft proposes a worldwide-wealth assessment for Hungarian residents. An address alone does not determine residence.
Based on the supplied draft. The rules described have not been verified as effective law; the final provisions may change.
Determining residence
Section 2(3) would start from the income-tax definition, with its own additions and exceptions. Dual nationality, long-term life abroad and the Hungarian presence of certain foreign individuals would require review. Not every Hungarian citizen or person with a Hungarian address would necessarily fall within scope.
Worldwide wealth and family arrangements
Section 4 would cover Hungarian and overseas assets. Under section 6, qualifying substantiated debts could reduce the amount; net wealth above HUF 1 billion would form the tax base. Section 7 would separately govern spouses’ and minor children’s assets.
Starting points for an individual review
Treaty effects require checking whether the relevant treaty would cover this tax (section 8).
- nationality, life abroad and presence history
- Hungarian and foreign assets and debts
- marital-property and children’s asset records
Frequently asked questions
Does a Hungarian address alone determine residence?
No. The definition, additions and exceptions in section 2(3) would need to be applied together.
Would overseas wealth be included?
Section 4 would include Hungarian and overseas assets for Hungarian residents. Qualifying debts and treaty effects would require separate review (sections 6 and 8).
Open draft (Hungarian)