- A rectification of the taxable base seems necessary.
- The DL 95/2025 introduced a 5% VAT rate for the sale of art, antiques, and collectibles.
- Previously, a 10% reduced rate was limited to imports or sales by authors or their heirs.
- The 5% rate is contingent on excluding these goods from the margin scheme.
- Dealers have two options: apply the special regime with a 22% tax on the gross margin or opt for the standard 5% VAT rate.
- Issuing an invoice is mandatory under the standard regime, with tax deduction at resale.
- Operators are evaluating the benefits of switching to the 5% standard rate.
- The new rate took effect on July 1, 2025.
- Transitioning from the analytical margin regime to the standard VAT is governed by specific rules.
- The global margin regime cannot be disapplied per transaction and requires a switch to the analytical margin regime first.
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.
