The Hungarian government is contemplating the implementation of a new tax targeting wealthy citizens who relocate their tax residency to other countries and transfer their assets. This potential “exit tax” would be levied on unrealised gains, meaning profits not yet officially realized as income. The measure aims to prevent capital flight and ensure that individuals contributing to Hungary’s economic prosperity remain accountable to its tax system, even when changing their place of residence. Details regarding the tax’s specific rates and thresholds are still under consideration by Hungarian authorities. This proposed legislation reflects a broader trend among nations seeking to address wealth migration and tax avoidance by high-net-worth individuals. The government has not yet indicated when the new legislation might be introduced or implemented in Hungary. Further information is available on dailynewshungary.com.