The reduced rate is an important signal, particularly in difficult times, for the art market and the cultural contribution made by galleries, said the culture minister, Claudia Roth.
The Bundesverband Deutscher Galerien und Kunsthändler (BVDG) has been pushing for the reintroduction of the reduced 7% rate for the past 10 years to eliminate imbalances in taxation.
The reduction in the rate eliminates imbalances in taxation and strengthens Germany's art market, including on an international level, as highlighted by the culture ministry.
The BVDG welcomed the change, mentioning that it will increase the competitiveness of the German art market and make it fit for the future.
Collection
[
|
...
]