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Dear All! Please mind that the 2014 annual Hungarian personal income tax return filing deadline is 20 May 2015. So if you had any income taxable in Hungary during 2014 (e.g. salary, or investment income if certain conditions are met) it has to be declared. Unfortunately, the Hungarian tax authority hardly has any English speaking representatives, so it can be quite a hassle to handle Hungarian tax matters, if your employer does not do it in your stead. Missing the filing deadline can result in a default penalty up to HUF 500 000 (~USD 2 000). Let me know if you need further info on Hungarian personal income taxation (I am a tax consultant at a Big4 specialized on expats' tax matters in Hungary). You can drop me an e-mail at ors.adam@gmail.com or here in the forum. Please note that I am glad to help you for free to determine whether you have a tax return filing obligation for 2014 or not, but will not prepare your tax return. However, if you need assistance with that as well, let me know. Cheers, Örs
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profray replied to the thread Let the school search begin! on the Hungary forum:
JKovacs initially posted:
I need help! So here's the background story: My husband is hungarian but we've been living abroad for many years and just moved to HU. Hubby is actually working in Slovakia but, against those who have warned us for certain political reasons, we've decided to reside in HU for family reasons. We have two kids and one of them will be starting primary in 2016. Our plan is to find that perfect place in Buda or Pest and find that perfect international school. I know, easier said than done. Because we we're coming from Belgium and the kids started their schooling there I'm really interested in the Gustav Eiffel school. We've already visited the school and would really like for the oldest to start primary there but naturally, the second question is where to live? We've contacted a few real estate agencies but it's all becoming a bit overwhelming as the hubby is spending more time in SK than HU for the moment and I've taken the task of researching Budapest and the surrounding areas.I would LOVE to hear from anyone who could give me a bit of insight into this crazy process of house/flat hunting in Bp. If anyone would like to share their experiences of living, buying or renting in Bp and/or the Gustav Eiffel school it would be greatly appreciated!
profray replied most recently with:
Some suggestions on finding a reasonably-priced apartment in Budapest and elsewhere. Based on what I have been able to learn from relatives (Hungarian) and being here for 5-6 years, you may want to adopt a different strategy, but it may not be possible for your time span. What would be best is to get over here into some less-expensive and short term (like 6 months or less) then when you get "settled" get in contact with others (Hungarians) who share common interests and work with you to find the perfect place. There is sort of a two-tier system when it comes to rental real estate, particularly in Budapest. The upper, more expensive tier is run by people who have better international contacts and can steer incoming families into more convenient (more expensive as well) living situations. The second tier does not have the resources to do this (think of a sign on window "apt for rent" or in the local paper etc.) and the rates are lower. It takes more work on your part, but would result in an overall saving in the long run (depending on how long that run is) and probably a more pleasant and satisfying stay here. The motto "Its not what you know, but who you know" goes double here. This isn't meant to scare you away by any means, you can find some really nice places, just another strategy for your consideration. You can apply this same idea to searching for schools/language instruction/any other service.
JKovacs replied most recently with:
Hi Hotjazzman. Thanks for your reply. The term perfect was a light hearted exaggeration. I hope that we are being as realistic as possible about this recent move. Our goal is to buy and the few places we've seen have been on the Buda side, namely 2nd district. This is because I would really love for my kids to go to the Gustav Eiffel school, but with the tuiton fees and the asking prices for just monthly rent alone would be stretching our budget. I've also been told on several different occasions that housing prices in Budpest in general have gone up recently which makes me even more nervous that the longer we wait the harder it will be to find a place that's "perfect" for us. What I was really hoping was to just hear of experiences from others who were/are in similar situations and if there's any advise I'd love to hear it. Thanks for your time.
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szaljut posted Art Therapy in English on the Hungary forum:
SELF-AWARENESS THROUGH ART!! New 8-week Art Therapy summer course! 8 June-27 July, 2015, Mondays 18.00-20.30 Introductory meeting: 1 June, Monday, 18.00 (free of charge) Please register as there are limited spots available! For more info: http://arttherapybudapest.blogspot.hu arttherapybudapest@gmail.com https://www.facebook.com/arttherapybudapest
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FeliciaOni initially posted:
My father and I plan on moving to Hungary in Spring of 2015. He is a 57year old veteran and on social security disability for life. I am 34 year old female and i live with him and i am his legal and sole caregiver and family. He and I will live together in Hungary as we do here in Florida USA. His disability is enough monthly income for both of us, there for he is permanently disabled and can not work and i will not be working either, he takes care of me. Our net take home income is 2000 USA dollars a month. Is that going to be enough for us to live normal? What are the costs for a 2 or 3 bedroom apartment? The sites i have looked at in English were beyond expensive. I mean we live on the beach in Florida in one of the busiest and tourist heavy places on earth and the prices i saw would be expensive for here! But then i hear that Hungary is a very affordable place to live so i am a bit confused. I know Budapest is the biggest city in Hungary, but should we look at some of the smaller towns for better affordability? We will not be working so being close to jobs or universities is not important to us at all. And we are moving from the USA so being close to lots of other USA people is not something we would need nor desire. Right now my father has a malpractice lawsuit against the hospital pending also. If that goes in our favor then our net(take home)income will increase from 2000 a month usa dollars to 5000 net(take home) a month. But we will know by Jan if that is going in our favor. We will not apply for our residence permit until then when we know what our monthly income will be. So i am wanting to know if what we have now would be enough to live, and if we are able to get more then just live better.
borschelrh replied most recently with:
Yes, that is the same we have. Last May we brought over my 90 year old mother on the same visa and it is for 6 years so it seems to be arbitrary and probably dependent on your situation. We did nothing until she came here and did it in less than 2 weeks so it is an easy process, at least it is after doing it 4 times already. My advice is to wait until you get here as you will still have to prove a residence and local bank info so they can verify you have an income here in Hungary. The medical seems to be the sticking point. I am retired from the Army and have Tricare but they don't provide any documentation whatsoever so all I could do is print the web pages and a copy of my military ID card. We don't actually use Tricare as the medical costs are so low it isn't worth the enormous hassle of filing claims and refilling them repeatedly. Tricare uses a lowest bidder contractor so the error rate is over 400 percent meaning each claim gets resubmitted at least 4 times and it has never ever been correct. Being an expatriate you have no Congressional representation so you have no one to complain to in cases such as this. Clearly the military is putting a very minimal effort to care for overseas retirees. So, unless we have something catastrophic we won't file claims. But the medical here is excellent and relatively inexpensive. I had cataract surgery for under $800. My wife had leg surgery to remove screws from a break she got in Sarajevo (even that original surgery there was under $1000) was less than $700 including 7 days in the hospital. So medical here in Europe is a far different thing than in the U.S. Here doctors still care more about treating patients than making piles of money. I haven't seen that in the U.S. For many years. Profit is the only motivation for anything in the U.S. now.
FeliciaOni replied most recently with:
Thanks for the link. We are looking at the "Residence Permit for Other Purposes" one. Because we have no Hungarian family, We are born in USA and we will have savings and my father has income from SSD. So we will not be working in Hungary and we have no Hungarian spouses. From talking to the embassy and others alike you can get that when we move to Hungary within the 90 days. Now here is where i am confused: That first residence permit validity length. I have read it is for 1yr, then i have heard 2yr from others, then 3yrs and now i do see from the site and you say it was for 5yrs. I will have to contact the embassy again about this of course but i am curious. We have not plans to move or visit USA again. And we plan on buying a house upon arrival in Hungary. So the longer the permit the better.
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ildikovt replied to the thread dual citizen considering a move on the Hungary forum:
ildikovt initially posted:
I left Hungary as a child, and have lived in the US most of my life. Now, considering returning as a retiree to my grandparents home in Dunaharszti. What would you do differently now, that you can advise about? Welcome your comments.
ildikovt replied most recently with:
Oh if you have all those relatives in the field of medicine, I certainly would like to keep in contact....just in case I do come to Budapest in the near future. Thanks Jazzman :) ps....are you a musician?
Hotjazzman replied most recently with:
The last paragraph of my post has an error, it should be son-in-law not brother-in-law. Puddington ad his lies(!) tick me off, I have a famliyful of relatives who are physicians in Budapest in various hospitals, my above mentioned cousin's husband is also a physician, both of my second cousins are also (heart and urology). I KNOW what's going on, better than ANYBODY on this forum.
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IgorP replied to the thread Some questions on the Hungary forum:
USA2somewhere initially posted:
Hello All, So here is my situation. I am an American married to a Hungarian women and we have a little girl who is 9 months old. I have been to Hungary a number of times and do have a good time when I go and can in the future imagine living there. I am a flexible person, I have lived all over the USA and England so adaptation is not new for me. I personally have some concerns with moving to Hungary related to politics and culture but I am potentially willing to overlook this based on low cost of living and the fact that my wife has many family and friends there that can help us in raising our family. If I do move to Hungary I do not plan of getting a job on the economy and would rely on pension and investment income to sustain my family. The goal would be spending rate of $3-$5k a month at whatever the current exchange rate is. I am considering buying an apartment in Budapest and I would like to rent it out. Long term plan would be to either use it as a residence for my wife and myself or an income property to help diversify my portfolio (income property first). I do think that now is a good time to buy (by "Now" I mean sometime this year) due to the favorable exchange rates and my belief that long term (5-10 years) exchange rates will normalize, the euro will survive and Hungary will move to the Euro. I am considering spending $100,000 for the property (cash) and would be satisfied if I could make 7%+ ROI (annual return of $585 a month after all taxes, maintenance, fee, repairs, etc). This leads me to my questions. What local taxes must be paid on rental income? Are there issues with properties being joint owned by an American and Hungarian? If I wanted to bring my own items to Hungary because I am moving there would there be an import tax on those items? What is the cost for an American to get private health care in Hungary? Would my pensions and American investments be taxed if I live in Hungary? Thank you for your time.
IgorP replied most recently with:
hi, Usually renting smaller apartments is easier and more profitable:you can rent a 50m2 apartment in BUD city center for 100.000 HUF but a 100m2 only for around 140.000HUF. So my suggestion for that money buy 2-3 smaller ones. there is a flat 20% withholding tax for renting apartments. Better to pay and avoid issues with authorities. In Budapest average net salary is cca 1000 eur, health insurance if you are not covered by your employer, you need to pay cca 5000 HUF per month. hope above helped.
IgorP replied most recently with:
hi, Usually renting smaller apartments is easier and more profitable:you can rent a 50m2 apartment in BUD city center for 100.000 HUF but a 100m2 only for around 140.000HUF. So my suggestion for that money buy 2-3 smaller ones. there is a flat 20% withholding tax for renting apartments. Better to pay and avoid issues with authorities. In Budapest average net salary is cca 1000 eur, health insurance if you are not covered by your employer, you need to pay cca 5000 HUF per month. hope above helped.
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borschelrh replied to the thread Where do you guys get news? on the Hungary forum:
profray initially posted:
I get Kisalfold paper and it isn't too bad. I has a lot of local (county-wide) stuff that is hard to track on the net. Where do you guys get your local/regional news? I can read enough Hungarian to claw my way through, but would prefer something in English that isn't total propaganda, say only 90%
borschelrh replied most recently with:
Actually, and I realize it is paradoxical, I read Hungarian Spectrum daily. I also peruse 444.hu and my Hungarian friends links on Facebook. For international news I read mostly blogs, RT, Naked Capitalism, Drudge Report, Marketwatch, and Naked Capitalism. Between them you can glean the truth if you are cynical and diligent. Everything is biased.
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adminee initially posted:
If you’re a US expat retiree, we encourage you to send us any constructive feedback about the information and services provided by the US State Department to expat retirees. If you have suggestions for additional services and/or information that you would like them to provide to retirees, please include those ideas as well. We have the opportunity to discuss these types of services with the State Department and would like as much feedback as possible. Our time is limited so please forward your thoughts before 12N eastern time tomorrow to connect@expatexchange.com. Thanks in advance for your contributions!
borschelrh replied most recently with:
I agree completey. None things which sticks out is that these posts from her are long, well written and very detailed. Sometimes there are two a day. She is supposedly a full time professor so who has time to spend doing this kind of detailed political analysis? On top of that it is all being done from the U.S. which makes it very difficult. Anyway, my alternate specialty in the Ar my was PSYOPS (now known as MISO) and I can smell this from a professional perspective. It is extremely sophisticated and requires the efforts of several full time staffers and cannot be done by a single person working alone from far away. There is another news blog also from the U.S. but comes out of Pennsylvania which isnequally strange.ni forget the name but it is w weird one from a Hungarian perspective. I dug hard and tried to find a Soros connection but couldn't do it. But, it is very typical for his type of fomenting unrest.
Hotjazzman replied most recently with:
I have looked into the Eva Balogh HU Spectrum. I watched the interview too. Your nose is correct. It does not pass the smell test. Albeit, it's a sophisticated op, but as these kinds of things go, mistakes are, and will be made. She made a couple in the video interview, to show her hand. It goes deeper, but cannot discuss it here. Some things are just that way. I grew up in HU - under the previous regime. If anything good came out of that were two good things: we got a good education, and learned to read between the lines of the b.s., propaganda, lies, and incendiary rhetoric; we got it with our mother's milk. She is clear as day to me. BTW: she slipped in a very indirect, roundabout way, that she has handlers ("help"). I remember reading an article abut a professor from Ossetia, invited to teach for year in Gerogetown Univ. He said (paraphrased) "I grew up and lived in the Soviet Union and we were trained from an early age - by necessity - to see thru the b.s. and propaganda; to read between the lines, to predict from very little info as to what are they up to. We've been sensitized for it, to see it a mile away. Within a few mos after my arrival in the US, I realized, that things are no different there, except it is more sophisticated. It didn't matter how many papers and stations you have, the info in the US is filtered and manufactured just like in the old Soviet Union." Bright guy - can't recall his name - but probably that's why he became famous enough to be invited to Georgetown U. to teach a couple of semesters.
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