Over 200 Spanish Art Galleries to Close in Protest Against High VAT on Art Sales

• Over 200 contemporary art galleries in Spain will close from 2–7 February to protest the high 21% VAT rate on art sales.
• The Consortium of Spanish Contemporary Art Galleries demands the government lower VAT on art sales to match other European countries, where rates are much lower.
• The high VAT rate threatens the sustainability and competitiveness of Spanish galleries and artists, especially compared to other cultural sectors with reduced VAT.
• The Ministry of Culture acknowledges the issue and supports the demand, but the decision lies with the Ministry of Finance, which has not responded.
• Spanish galleries face a significant disadvantage compared to European counterparts, making it difficult to compete internationally.

Source: ocula.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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