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Péter Magyar Announced: a Wealth Tax that Is Even Stricter than Previously Planned Will Come From 2027

Summary by Portfolio
Prime Minister Péter Magyar announced at the Szolnok stop of his national tour that, in accordance with the Tisza program, a wealth tax will be introduced from January 1, 2027. The government is imposing stricter conditions than originally agreed upon: above a certain amount, for example, assets of 500 billion forints, the tax rate may exceed 1 percent.

8 Articles

Center

Prime Minister Péter Magyar announced at the Szolnok stop of his national tour that, in accordance with the Tisza program, a wealth tax will be introduced from January 1, 2027. The government is imposing stricter conditions than originally agreed upon: above a certain amount, for example, assets of 500 billion forints, the tax rate may exceed 1 percent.

·Budapest, Hungary
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Right

Péter Magyar previously expected annual budget revenue of 300–600 billion forints from the wealth tax. However, according to Világgazdaság, the Ministry of Finance is currently expecting only 150–200 billion forints by 2027.

·Budapest, Hungary
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The kata will be expanded, but its amount will also be higher in order to provide higher benefits. And wealth above 500 billion forints will be taxed at a higher rate.

The kata will be expanded, but its amount will also be higher in order to provide higher benefits. And wealth above 500 billion forints will be taxed at a higher rate.

At the beginning of his Hungarian speech, he spoke at length to the counter-protesters present. He called them "frustrated compatriots" and then went on to list at length what results ...

By reinstating the KATA, i.e. the itemized tax for small-taxpaying businesses, Tisza is working on its wide expansion – the Prime Minister announced on Saturday in Szolnok. Many more people will be able to use the preferential option than before, but the tax rate will have to be increased. The planned conditions for the wealth tax will also change, and more will have to be paid.

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Origo broke the news in Budapest, Hungary on Saturday, September 26, 2026.
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