The Hungarian government is preparing a wealth tax for the richest people starting January 1, 2027. Prime Minister Péter Magyar announced that the tax will amount to one percent of assets exceeding the value of one billion forints. For assets over 100 billion forints, the rate will increase to 1.5 percent. Telex ↗
The changes will also affect professional athletes. The government plans to abolish tax breaks for footballers and other athletes, which allowed them to use a preferential simplified public contribution payment regime. The upper income limit for which this regime applied to athletes was 500 million forints per year. Index.hu ↗
Magyar also presented an expansion of the KATA flat-rate tax for small entrepreneurs. Its monthly amount is to reach 100,000 forints for business conducted as a main employment. For business conducted alongside other employment, the monthly flat rate is to be 50,000 forints. Index.hu ↗
According to the government's announcement, the new KATA setup is meant to expand the possibilities for using this tax regime. At the same time, however, it raises questions about the risk of disguised employment relationships, in which an entrepreneur formally operates as a self-employed person while actually working for a single employer. Telex ↗
The measures represent a set of changes to the Hungarian tax system that are meant to affect the wealthy, athletes, and small entrepreneurs alike. Further details on their implementation are to be determined by forthcoming legislation. kultura.pravda.sk ↗
Hungary to introduce a wealth tax and change taxation of athletes
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Az új kata is elég nagy kísértést jelent majd a bújtatott foglalkoztatásra
Telex
| 11:22 07.10.
Magyar Péter bejelentése után vége az NB I-es futballisták adóparadicsomának
Index.hu
| 17:25 06.10.
Nová daň pre miliardárov, koniec úľav pre športovcov. Magyar pritvrdzuje
kultura.pravda.sk
| 17:20 06.10.
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