- Changes to Margin Scheme: The rules governing the margin scheme for second-hand goods, including works of art, collectors’ items, and antiques, have been amended, effective January 1, 2025.
- Lapse of Previous Approvals: The updated decree removes previous approvals regarding the application of the reduced VAT rate and the margin scheme for intra-Community acquisitions of works of art, following the Court of Justice of the European Union’s ruling on July 13, 2023.
- Incorporation of New Legislation: The amendment integrates the provisions of the Small Businesses Scheme Directive Implementation Act, with the new rules set to take effect on January 1, 2025, superseding earlier regulations established in 2014 and amended in 2019.
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