- In the art trade, there are certain conditions where the VAT exemption on the margin applies to auction houses.
- Professional operators can choose a special VAT regime called the margin regime.
- This regime ensures that art objects, antiques, or collectibles are not taxed twice.
- The tax is calculated on the difference between the selling price and the cost of acquisition, plus relevant expenses.
- Invoices issued by these operators will indicate the “margin regime
- art objects” and the applicable law.
- The margin can be considered non-taxable for VAT purposes if the sale falls under certain operations listed in the law.
- This includes sales to non-EU travelers.
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Italy"
- Italy Uncovers €42.8 Million VAT Fraud in Luxury Car Trade Across Europe
- EPPO Uncovers EUR 42.8 Million VAT Fraud in Italy’s Luxury Car Market
- €42.8 Million VAT Fraud Uncovered: Luxury Cars and Assets Seized in Italy Investigation
- VAT Treatment of Photovoltaic Plant Sales: Mobile vs. Immobile Asset Classification
- Tax Office Denies VAT Refunds for Solar Installations on Agricultural Farms Due to Indeductibility Issues
