- Sales of art pieces intermediated by auction houses are subject to a special VAT regime
- The margin scheme applies to the sale of art, antiques, and collectibles by auction houses acting on behalf of private individuals
- The special VAT regime applies to handcrafted paintings, drawings, original prints, and lithographs
- The VAT on resale under the margin scheme is based on the difference between the price paid by the buyer and the amount paid by the organizer to the seller
- The price paid by the buyer includes the commission and other additional charges
- VAT on additional charges passed on to the buyer by the auction house is not deductible
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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