- VAT Exemption Change: Law No. 1695 amends the VAT Act to clarify that the VAT exemption for artistic activities is personal, applying solely to artists and not to intermediaries, effective January 1, 2025.
- Non-Artists Subject to VAT: Licensing of copyrights by individuals who are not artists will now be subject to VAT, ensuring that only artists benefit from the exemption.
- Sale of Copyrights Excluded: The law specifies that the sale of copyrights is outside the exemption, and the revised provisions regarding licensing will be applicable starting July 1, 2025.
Source Orbitax
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