VAT
Art marketnews
‘Momentous’: Italy to slash art VAT to 5%, the lowest rate in the EU
The move comes ahead of a series of planned reforms to improve competitiveness within the Italian art market
Art marketnews
Germany slashes VAT on art sales to 7%
The reduction, which comes into effect next year, meets long-standing demands from German dealers
Art marketnews
EU dealers lobby to slash VAT rates on art sales
A directive that aims to create a single value-added tax system will enable member countries to set their own reduced rates internally