VAT exemption for exhibitions only if artist is of “clear fame”

The conditions for VAT exemption on art objects under Article 10, comma 1 n. 22 of DPR 633/72.

To benefit from the exemption, art objects must be directed towards promoting historical, artistic, and cultural knowledge. The dissemination of works via social media by visitors does not prevent the application of this beneficial regime. The exemption is intended to encourage the dissemination and promotion of knowledge related to cultural and socially relevant goods exhibited in dedicated spaces. Notably, the exemption applies when works are created by well-known authors, irrespective of the permanence of the exhibition or the public or private entity organizing it. However, it’s important to remember that VAT exemptions, as per Article 132 of Directive 2006/112/EC, should be interpreted narrowly as they represent exceptions to the general principle of tax liability stated in Article 2 of the same directive.

Source: eutekne.info

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