New 5% VAT Rate Introduced for Art, Antiques, and Collectibles Sales and Imports

• A new 5 percent VAT rate has been introduced for the sale of art, antiques, and collectibles.
• The reduced rate was previously 10 percent and limited to imports or sales by authors or their heirs.
• Specific legal provisions have been repealed and replaced to establish the new rate.
• The 5 percent rate applies to imports and internal sales, expanding the scope beyond just authors and heirs.
• The reduced rate also applies to intra-community purchases of art, antiques, and collectibles.
• The definition of applicable items is detailed in specific legal references.
• The reduced rate cannot be used with the special margin scheme for resellers.
• The new rate applies to sales from July 1, 2025, following the publication of the decree.

Source: eutekne.info

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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