In addition, Hungary’s newly appointed Prime Minister reportedly instructed the Minister of Finance to prepare legislative proposals concerning the taxation of wealth by 5 June 2026.
These announcements have attracted significant attention among professional organisations and advisors active in the fiduciary asset management sector. However, no draft legislation was published for public consultation by the announced deadline of 5 June 2026.
The volume of assets held under Hungarian fiduciary asset management arrangements has increased significantly in recent years and is currently estimated to exceed HUF 12 trillion. The average assets under management per fiduciary asset manager reportedly exceed HUF 1.8 billion, underlining the economic significance of the sector.
At present, neither the content nor the timing of any legislative proposal is known.