Germany slashes VAT on Art Sales to 7%
June 7 2024
Posted by Adam Busiakiewicz:
The Art Newspaper has reported on news that Germany have reduced VAT on the sale of art to 7%. The previous rate had been 19%.
According to the article:
The Bundesverband Deutscher Galerien und Kunsthändler (BVDG), the dealers’ association, has been pushing for the reintroduction of the reduced 7% rate for the past 10 years. It says the imposition of the 19% rate caused the art market to stagnate and galleries to close, and deterred people from opening new ones. The culture ministry said the reduction in the rate “eliminates imbalances in taxation and strengthens Germany’s art market, including on an international level.”

Categories
- Research
- Exhibitions
- Auctions
- Discoveries
- Conservation
- Heroes of art history
- 15th Century & Earlier
- 16th Century
- 17th Century
- 18th Century
- 19th Century
- Nationalmusée Luxembourg acquire three works by Monique Daniche
- Tissot, Women and Time in Toronto
- Musée George Sand acquires Carolus-Duran's Portrait of Émile Aucante
- 'Thrift Store' Find Connected to Prominent Black Artist Redisplayed
- Upcoming: Farm to Table: Art, Food, and Identity in the Age of Impressionism
- More ...
- 20th Century
- 21st Century