- Portugal’s government is considering reducing VAT on art from 23% to 6%.
- The aim is to make Portugal’s art market more competitive and aligned with European standards.
- The tax cut requires broader financial approval and was not included in the latest State Budget.
- Cultural leaders are hopeful the change will eventually happen.
- Lower VAT is expected to benefit gallery owners and artists, supporting more sustainable careers.
Source: vatcalc.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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