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Wealth Tax Services
Wealth tax is expected to be introduced in Hungary from December 2026. As a result, individuals subject to the wealth tax are expected to meet their wealth tax filing and payment obligations by 31 August 2027.
EY professionals provide end-to-end support, from the interpretation of this new tax legislation and asset valuation through to wealth tax planning and tax return preparation. We help individuals, entrepreneurs and trust structures understand, assess and comply with emerging wealth tax obligations in Hungary.
Navigating wealth tax requirements can be complex.
New and evolving wealth tax rules may require taxpayers to identify, value and report a broad range of assets, from investments and real estate to privately held business interests.
EY combines tax, valuation and compliance expertise to help clients understand their obligations and manage the entire process with confidence.
Why EY?
Bringing together valuation, structuring and tax compliance expertise – to help our Clients navigate in this new tax era with confidence.
Unlike traditional tax advisory engagements, wealth tax assessments often require coordinated support across multiple disciplines.
Our integrated team can help clients:
- interpret applicable wealth tax legislation
- prepare wealth assets inventory
- determine the value of complex assets
- assess potential tax liabilities
- strategic advisory support on asset restructuring
- prepare tax returns and supporting documentation
- respond to authority queries where required
The EY advantage:
- Integrated local and international tax and valuation & structuring capabilities
- Experience with complex ownership structures
- Access to valuation specialists across asset classes
- Cross-border tax expertise
- End-to-end project management
How can we help?
Four pillars of wealth tax support:
Asset valuation & structuring support
Determining the value of reportable assets is often a key element of a wealth tax assessment. EY combines tax, valuation and industry expertise to support clients in identifying relevant assets, applying appropriate valuation methodologies and preparing supporting documentation.
Where appropriate opportunities are identified, we also provide strategic advisory support on asset restructuring to help optimize wealth holdings and manage future wealth tax exposure in a compliant manner.
Valuation work can be performed with the involvement of relevant valuation specialists, depending on the asset class and applicable statutory requirements.
Our approach - From fact finding and restructuring to compliance and filing
Our support begins with understanding the client’s circumstances, including residency status, ownership structures, relevant jurisdictions and the nature of the assets involved. We then analyse the applicable wealth tax legislation, including valuation requirements, exemptions, thresholds and filing obligations.
Where required, we assist with the valuation of relevant assets and assess the resulting wealth tax position based on the applicable rules. We also advise on asset holding and ownership restructuring opportunities that may help address wealth tax exposure and align the overall structure with the client’s objectives. Our services can also include support with the preparation of tax returns, calculations and related filing requirements.
The outcome is an optimized, tax audit-ready and documented assessment of the client’s wealth tax position, supported by valuation analyses, restructuring recommendations, and filing-ready calculations.
Tailored outputs based on client needs
Clients may require support at different stages of the wealth tax journey, from understanding applicable rules and assessing asset values to determining reporting obligations and preparing wealth tax returns. Depending on the scope of the engagement, EY can provide written wealth tax advice covering applicable rules, exemptions, valuation principles and recommended actions, together with structured information request packages designed to gather ownership information, asset categories, values and supporting evidence in a consistent and efficient manner.
Our services may also include valuation reports and assessments, consolidated wealth tax calculations, documented filing position memoranda, wealth and ownership structure redesign recommendations, and comprehensive return preparation support, including the preparation of supporting schedules, calculations and responses to follow-up authority enquiries where required.
Services can be delivered as targeted advisory support, stand-alone valuation engagements, restructuring and redesign projects, or an integrated end-to-end wealth tax solution tailored to the client's asset profile and reporting requirements.
Need support navigating wealth tax obligations?
EY professionals can help assess exposure, determine asset values and support wealth tax compliance requirements.
The team
Our latest thinking
Hungary | New Government plans introduction of wealth tax for individuals
In recent public statements, the Hungarian Government expressed its commitment to introducing a new annual wealth tax.
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