Discover the latest news about wealth tax in hungary
The legislative process aimed at introducing a wealth tax in Hungary could bring significant changes to the tax obligations of high-net-worth individuals and certain wealth management structures.
Given the novelty and complexity of the proposed legislation, as well as the detailed requirements concerning asset valuation, many affected individuals may face considerable challenges in assessing their personal circumstances, selecting the appropriate professionals and fulfilling any applicable tax filing and payment obligations.
We keep you updated
WHAT WE DO
PROFESSIONAL CONTACTS
Drawing on its extensive international network of professional contacts, LAVECO Ltd. intends to assist clients by working in cooperation with accountants, auditors, tax advisers and lawyers.
VALUATIONS
Our aim is to help clients identify suitably qualified professionals, review their asset positions, arrange the necessary valuations and, where the relevant statutory requirements apply, ensure that their tax filing obligations are fulfilled within the prescribed deadlines.
INFORMATION PURPOSE
It is important to emphasise that no two asset structures or tax situations are exactly alike. Therefore, the information published on our website and blog is intended for general informational purposes only and does not constitute individual tax or legal advice.
WEALTH TAX REGISTRATON
The wealth tax is an entirely new type of tax within the Hungarian tax system. It is also relatively rare in the European context, as only three other countries on the continent – Switzerland, Norway, and Spain – currently have a similar tax.
Given that this is a completely new development, many of our existing clients – and others – may find it challenging to navigate the situation, complete the necessary asset valuations, and submit the required tax returns by the deadline.
ASSET AND COMPANY VALUATION
One of the most complex aspects of fulfilling any potential wealth tax filing obligations may be identifying the assets that must be taken into account and ensuring that they are valued in accordance with the applicable legal requirements.
Through its network of professional partners, LAVECO Ltd. can assist in engaging suitably qualified and experienced accountants, auditors, tax advisers and valuation specialists who can provide the relevant services and professional expertise for the valuation of particular asset classes.
For further information, please follow our blog, where we provide the latest updates, changes, and legislative amendments.
CONTACT US NOWBLOG AND LATEST UPDATES
We continuously monitor developments in the legislative process concerning the proposed wealth tax and any subsequent changes to the relevant regulations.
Through our blog, we regularly publish important updates concerning the bill, its parliamentary consideration, potential amendments and the final legislation once adopted.
Our aim is to provide clients and other interested parties with up-to-date, clear and accessible information, enabling them to prepare in good time for any new obligations that may arise.
RECENT POSTS
Status of the introduction of the wealth tax as of November 1, 2026
On 27 October 2026, Bill No. T/930 was submitted to the Hungarian Parliament. Important: As of 1 November 2026, the proposed wealth tax legislation has not yet been adopted or promulgated. Its provisions may therefore be amended during the parliamentary process, and...
WHO WE ARE
LAVECO Kft. began its operations in Budapest in October 1991. The company is owned by László Váradi and Jekatyerina Váradi, who married in 1990 and have remained together ever since. This is highly significant for the company, as LAVECO Kft. is, in a very real sense, like their first child together.
It was established – in response to the market demands of the time – as a business management consultancy, focusing primarily on a client base in Central and Eastern Europe.
Over the decades, the company has served numerous international and Hungarian clients, with whom it continues to maintain strong relationships today. Having spanned a history of more than 35 years – and with the owners now looking to leverage the assets and advantages accumulated by the firm – LAVECO Kft. can currently be defined as a holding company. It functions effectively as a “mini family office,” managing the Váradi family’s wealth, which comprises various real estate holdings, companies, investments, and other assets.
CONTACT us
Contact us now
33/A Raday street, 1092 Budapest, Hungary
Monday to Thursday: 08:30 – 17:00
Friday: 08:30 – 16:00
+36 (1) 456-72-00
hungary[at]laveco.com