The TBSZ shelters the dividend income only when it originates from Hungary. Foreign dividends do not enjoy the tax protection of the TBSZ account because the foreign dividend payers may withhold foreign taxes from the payable amount. The Hungarian personal income tax will and social contribution tax (“szochó”) not be withheld from the dividend amount.
Additional Information
Tax Treatment depends on the individual circumstances of each client and may be subject to change in the future.