Not tax advice. This guide is general information. Tax laws change from time to time: last checked on 3 November 2026. Check your own case in the NAV form guide or with an accountant or tax adviser.

Hungarian tax on foreign dividends: withholding tax credit and SZOCHO, with examples

Updated 3 November 2026 · For tax year 2026 · About 6 minutes

On dividends received at a foreign broker, Hungary charges 15% SZJA (personal income tax) and 13% SZOCHO (social contribution tax). You can credit the tax already withheld abroad, but not always in full, and not every share carries SZOCHO. Here is how it works.

The basic rules

1. The gross dividend is the base. Add the withholding tax to the net amount credited by the broker, and convert at the MNB rate of the payment day.
2. SZJA: 15%. You can deduct the tax paid abroad:
   • For a treaty country, up to the treaty rate (for portfolio dividends usually 10 or 15%). Anything above that can be reclaimed from the source country.
   • For a country without a treaty (the US since 1 January 2024), at least 5% SZJA remains due in Hungary after the credit.
3. SZOCHO: 13%, but only until all your SZOCHO bases of the year (salary included) reach the cap: 7,747,200 Ft in 2026 (24 times the minimum wage on 1 January).
4. No SZOCHO on dividends of shares listed on an EEA regulated market (for example Xetra, Euronext, Budapest). This does not cover shares listed in New York, London or Switzerland.

Example 1: a US share

Gross dividend 100 USD, 30% US withholding (30 USD), invented rate: 360 HUF/USD. We assume your salary has not reached the SZOCHO cap.

Example 2: a German share on Xetra

Gross dividend 100 EUR, 26.375% German withholding, invented rate: 400 HUF/EUR. The rate under the Hungary–Germany treaty is 15%.

The 11.375% above 15% (4,550 Ft) cannot be credited in Hungary. It can be reclaimed from Germany.

Special cases

• ADRs (US depositary receipts of foreign companies, for example TSM or TM): the ISIN is American, but the source country is the company's own (Taiwan, Japan).
• Irish shares: many Irish companies are listed only in New York, so an Irish ISIN alone does not mean SZOCHO exemption.
• Revolut: the account statement shows only the net dividend. For the withholding tax you need the yearly Profit and Loss statement (Revolut and Trading 212 guide).
• SZOCHO cap: if your salary reaches the cap, no SZOCHO is due on dividends. The cap does not apply to SZOCHO on interest (interest tax).

taxprotecc works out the country and EEA status of each share from its ISIN, uses the company's country for ADRs, and lets you change any of them in the settings.