News
VAT reform applicable from January 1, 2025
01 Jan. 2025
As a member of the Comité Professionnel des Galeries d’Art, you have access to a wealth of resources designed to help you comply with current legal requirements.
As part of the VAT reform applicable since January 1, don’t forget to consult the VAT Reform Resource section, where you’ll find all the support materials you need to better understand the reform.
From January 1, 2025, the VAT rate applicable to art sales by galleries will be the reduced rate of 5.5% applied to the total sale price.
RECOVERABLE VAT : VAT on the purchase and import of the work will be recoverable.
BILLABLE VAT : the 5.5% VAT rate will now apply to all transactions involving works of art (import, acquisition, resale), regardless of the type of VAT-registered actor involved in the sale: artist, gallery, dealer, broker. This rate will be applied to the total sale price.
Dans le cadre de la réforme de la TVA applicable depuis le 1er janvier 2025, n'oubliez donc pas d'aller consulter le volet Ressource Réforme de la TVA, sur lequel vous retrouverez tous les supports d'accompagnement vous permettant de mieux comprendre la réforme.