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The Deadline Expires Tonight: Two New Taxes Are Coming to Hungary

Summary by Portfolio
The public consultation on the draft laws on wealth tax and itemized tax for small-tax individual entrepreneurs (kata) will conclude on Wednesday at midnight.

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The public consultation on the draft laws on wealth tax and itemized tax for small-tax individual entrepreneurs (kata) will conclude on Wednesday at midnight.

·Budapest, Hungary
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The public consultation on the draft laws on the new wealth tax and the rules of the renewed kata will close at midnight on Wednesday. According to the Ministry of Finance's plans, the wealth tax, which will come into effect in December this year, will target assets over one billion forints, while the reform affecting low-income taxpayers will allow company invoicing again next year and bring back part-time entrepreneurs to the system.

The public consultation on the draft laws on wealth tax and itemized tax for small-tax individual entrepreneurs (kata) will conclude on Wednesday at midnight.

The public consultation on the draft laws on wealth tax and itemized tax for small-tax individual entrepreneurs (kata) will conclude on Wednesday at midnight.

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Portfolio broke the news in Budapest, Hungary on Wednesday, October 14, 2026.
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