- Germany will reduce VAT on art sales from 19% to 7% starting January 1, 2025
- This change reverses a 2014 increase due to EU VAT Directive restrictions
- The higher VAT rate put German art dealers at a disadvantage
- The art market has seen a significant downswing in recent years
Source: fiscal-requirements.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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