While the government may charge a further 6% healthcare contribution besides the 16% personal income tax to the interest income of different savings, simultaneously the stability savings account [SSA] provides a new and even more favourable tax amnesty for those, who are willing to bring back to Hungary their wealth - possibly being untaxed or even obtained by the commission of an offence - held in tax havens or other off shore accounts. In case of fulfillment of the conditions laid down these account holders may benefit from total tax exemptions, while they are not required to justify the origin of these assets even during a wealth gain investigation.

The substance of the system is that a private individual opens an SSA account and deposits at least 5 million HUF to this account. Although deposits can be made only once when the account is opened, the private individuals may open an unlimited number of accounts .Besides being a cash account the SSA is also a securities account that contains securities denominated in HUF issued by the Hungarian government or a member state of the European Economic Area, which are purchased from funds in the cash account by the private individual.

Deposit to an SSA – irrespective of whether the tax relating to the earlier acquirement of the income has been paid or not - will qualify as income acquired at the time of the deposit.

Tax liability regarding the SSA arises, when the account holder withdraws a part or the total sum from the account.

If less than 3 years pass between the deposit and the withdrawals, the tax base will be 200 % of the deposited sum; if more than 3 but less than 4 years pass, the tax base will be 100 % of the deposited sum; if more than 4 but less than 5 years pass, the tax base will be reduced to 50% of the deposited sum, and finally if at least 5 years pass, the private individuals can obtain tax-exempt income.

There will be no additional payment obligation on the income deposited to the SSA.