Hungary: Tisza Government Introduces Tax Package, President Sulyok's Decision Announced

In Hungary, the Tisza government has announced a comprehensive tax package. This proposal eliminates certain tax benefits for trust asset management and public interest asset management foundations (KEKVA), introduces mandatory NAV audits for asset managers, and abolishes several low-revenue tax forms. These measures aim to tighten taxation and ensure compliance with EU regulations, potentially opening doors for further EU funds.

In addition to the tax package, President Sulyok Tamás announced his decision regarding the 17th constitutional amendment and his departure from the presidential office. This development occurred on Saturday, July 19, 2026, alongside other significant domestic political and economic policy events.

Furthermore, the Minister for Social and Family Affairs introduced Dr. Szilas Péter, the newly appointed Deputy State Secretary for Child Rights, who brings fifteen years of legal and significant civil sector experience. The Minister for Education and Children's Affairs, Lannert Judit, met with the National Student Council to discuss the future of education and student proposals, with further discussions planned for August.

Source: Portfolio