US EditionThe Battle of Art Against Vat: “We Do Not Work on Equal Terms”
4 Articles
4 Articles
In April 2022, the European Union approved the directive that allowed its member states to apply a reduced VAT rate to art sales. In March 2024, the...
In the last edition of Arco, two European galleries, one Spanish and one French, exhibited on their walls a well-known Spanish painter. The sizes of the works and the dates were similar. But in the business of the Spanish dealer, the tax burden was 21%. In that of the neighbor, 5.5%. The choice of the collector does not raise many doubts, so that the Spanish always remains at a clear disadvantage.
More than 200 art galleries from all over Spain have closed their doors this Monday and so they will remain until next Saturday, day 7.This is an unprecedented protest with which the sector seeks to make visible its rejection of VAT of 21% that they bear since 2012, a tax burden that, they denounce, places them at a clear competitive disadvantage compared to their European counterparts.The situation of the art sector in Spain contrasts with that…
They demand that a reduced VAT be applied to them like other European countries have.
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