Hungary’s government has published draft legislation for an annual net wealth tax covering individuals and certain asset-holding structures. It would apply to net wealth above HUF 1 billion, at 1% up to HUF 100 billion and 1.5% on wealth above that level. Residents would be taxed on worldwide assets, while non-residents would generally face tax on specified Hungarian-linked holdings. The proposal also sets out valuation and reporting rules. It remains draft open to public consultation and may change before adoption.
Published by Banx Network. This article is part of the Banx decentralized media programme, powered by the BXE token on the XRP Ledger.
