Finland: Mr Scrooge
The Finnish Tax Administration (FTA) recently issued a reminder notice stating that the common practice of hiring Santa Claus to give presents are required to be reported (> EUR 1,500 this year).
Let’s not forget: Santa Claus must report the value of gifts distributed on his tax return, this year and next, less travel expenses! Does this mean he should keep his list, checking it twice?
Merry Christmas & Happy Holidays to all!
Strategizing Multinational Tax Risks 