What changed

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.

Effective since June 1, 2019

Hungary: tax-free sale after 5 years, purchase tax 4%

Income from selling property is taxed at 15%; after 5 years of ownership there is no tax (NAV tax authority). Purchase tax is 4% up to HUF 1 billion and 2% above. Rent is taxed at 15% with expenses deducted, or 10%.