Interest on Hungary’s retail government bonds is tax-free
Under the personal income tax law (Section 65(3)(a)(ab), since June 1, 2019), interest on government bonds for the public issued since that date is exempt; the 13% social contribution tax has not been charged on it since July 1, 2023. On October 1, 2026 the European Commission sent Hungary a formal notice about discrimination against bonds of other EU countries; the law has not changed.
What this changes in the calculation
Government bonds 0% for retail series; deposits 28%, corporate bonds 28%, funds 28%.
- Source
- KPMG
- Status
- verified
- Published