Below are taxes applicable in Hungary..
- Personal Income Tax: A flat rate of 15% applies to most income.
- Corporate Tax: The corporate tax rate is 9%.
- Inheritance / Gift tax – Real Estate Transfer Tax: Separately, a real estate transfer tax (RETT) is levied on the acquisition of real estate at a standard rate of 4% of the market value, with a cap per property, and certain exemptions may apply. lineal relatives (parents, children, and their descendants), siblings, and spouses are fully exempt from this tax.
- Capital Gains Tax – a flat personal income tax rate of 15%. (applies to gains from investment funds)
- Real Estate Transfer Tax: Separately, a real estate transfer tax (RETT) is levied on the acquisition of real estate at a standard rate of 4% of the market value, with a cap per property, and certain exemptions may apply.
- Wealth Tax – None
- VAT – 27%
- Withholding Tax– there is no withholding tax (WHT) on dividends, interest, or royalties paid to non-individuals.
Golden Visa holders
Your tax residency depends on how many days you spend in Hungary (>183) days) and where your vital interests (family or business) are located. Non-residents are taxed only on Hungarian-source income, while residents are taxed on their worldwide income.