Changes in VAT law complicate trade in antiques and art – impact on art market.

• Sejm rejected most of the Senate’s amendments to the VAT Act amendment, which is a result of implementing the EU directive
• Changes include limiting the use of the VAT-margin procedure in favor of the standard rate of 23%
• The amendments exclude the use of the VAT-margin procedure when art, antiques, and collectibles are imported by an intermediary
• Failure to provide the option of the VAT-margin procedure for imported items could violate the EU directive

Source: mddp.pl

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.

---

---