VAT on Art Objects Reduced to 5% Except for Margin Scheme Transactions

• The VAT rate on art, craft, and collectible items is reduced to 5%, except for margin scheme operations.
• Article 9 of DL 30 June 2025 n. 95 reduces the VAT rate for most art, antique, or collectible sales to 5%.
• The previous 10% rate was only for imports or sales by authors, heirs, or legatees.
• The new 5% rate applies to imports and internal sales, expanding the scope beyond authors and heirs.
• The reduced rate also applies to all intra-community purchases of art, antiques, or collectibles.
• The 5% rate is detailed in Table A, part II-bis, and follows definitions in Annex IX of Directive 2006/112/EC.
• The reduced rate cannot be used with the margin scheme for second-hand goods, art, antiques, or collectibles.
• The 5% rate applies to all sales from 1st July 2025.

Source: commercialistatelematico.com

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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