Finland Tax Agency Updates Guidelines on Taxation of Meal Fringe Benefits

The Finnish Tax Administration Jan. 10 updated guidelines on the taxation of employee meals provided by the employer in view of amendments to the VAT Act, which entered into force Jan. 1. The updated guidelines include: 1) the value of 8.60 euros (US$8.79) per meal, if an employer’s direct costs and VAT on those costs are between 8.60 euros and 13.70 euros (US$13.99); 2) the values of 6.45 euros (US$6.59) or 5.16 euros (US$5.27) per meal, if institutional meals provided to students or other persons are supervised; 3) the value of 7.31 euros (US$7.47) per meal for hotel and restaurant ...