- Germany is cutting the VAT rate on art to 7% in January 2025
- The higher rate has been putting German art dealers at a significant disadvantage compared to other countries
- The reduced rate is seen as an important signal for the art market and cultural contribution made by galleries
Source: vatcalc.com
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.
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