Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [hungary]

For questions that relate to the laws, practices, and products of Hungary

For questions that relate to the laws, practices, and products of Hungary

12 questions
15
votes
4 answers

Are there alternatives to double currency account to manage payments in different currencies?

I get paid in US dollars (USD), but I live in Hungary, where fiorint (HUF) is used. Right now my bank account has two accounts, one in USD, one in HUF. I receive the money on the USD account and I convert them to HUF when I need to spend them. I do…
Fez Vrasta
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13
votes
7 answers

Pros & cons in Hungary of investing retirement savings exclusively in silver? What better alternatives, given my concerns?

For my retirement savings, my strategy is to buy a decent amount of silver (8% of my salary, roughly 1 month) every year to put away in coin form. I am currently investing in nothing else for the long term. In the short term, I have money in the…
CsBalazsHungary
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6
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1 answer

Good Index funds in EU precisely in the Hungary area?

U.S citizens can easily purchase Vanguard index funds to invest and they are the most recommended. Are there any similar options for EU citizens, mainly Hungary? I am only getting familiar with the topic and find it difficult to map my options. I am…
Peter Szabo
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3
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0 answers

How can I decide whether it's time to move my own house from rent?

I'm currently renting a home in Budapest and about to reach a point where: cost of rent + other running costs of it - income from savings > cost of 10 yr loan + running costs of new home The left side increased because the landlond increased the…
Calmarius
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2
votes
0 answers

What happens when I make purchases on Amazon as a company but I don't register the VAT invoice?

I have a company in Europe. If I use my Amazon business account to buy work related stuff, I don't pay the VAT. What would happen if I used my personal credit card rather than the company card to buy non-work related items in my VAT exempt…
Fez Vrasta
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2
votes
0 answers

How can I open a bank account in Spain with an EU (Hungarian) passport

I am an EU citizen (Hungarian) and would like to open a bank account in Spain. Question: Is it enough to show my EU passport or do they require anything else? Do I need to show proof of a spanish address (what kind of document)? Do I need to show…
Árpád Szendrei
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1
vote
0 answers

Paying taxes after Google Play ad revenue

I tried Googling everywhere but failed miserably. Could anyone tell me some reliable resources on paying taxes after ad revenue gained from apps uploaded to Google Play? As far as I know In my region (European Union) it is automatic, but I'm…
agiro
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1
vote
1 answer

How does the price of expiring bonds expected to change?

There are some old bonds here in Hungary that currently sells at 111% of face value and after taxes they have 5,1% coupon yield. They have 3 years left. If I keep it till maturity, the YTM is only 0,7%. So my plan is I to buy it hold it for 2…
Calmarius
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0
votes
1 answer

Credit History and Outstanding Debts in Hungary

I would like to check the credit history and any outstanding debt (if any) of a person in Hungary. Is there any service that I could contact? I would like to assess if he or she has a good reputation financially, and if he or she has any financial…
Pampa Nello
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0
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1 answer

Why does the price of the floating rate bonds return to par after coupon payment?

Hungary just issued a bond that matures in 2024, pays once a year and has the coupon rate of "1-year treasury bill rate" + 2.5%. I searched for information on the net how does market sets price on floating rate bonds, and they said the price returns…
Calmarius
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0
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0 answers

Taxation after money received into UK bank account while not living/working there

I've lived and worked for a year in the UK, received salary and paid taxes there, but I returned to my home country. I'm about to receive money for a work I've conducted for a foreign entity who'll wire money for me as payment from a UK account. (I…
Kohányi Róbert
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0
votes
1 answer

Travel expenses reimbursement taxation?

I own a small (one person) "Ltd" company in Hungary. (They are called Kft. here) I work as a consultant for a U.S. company located in San Francisco. I emit regular invoices to them and then I pay income taxes on the money I receive. Few times a year…
Fez Vrasta
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