Art-дилеры Germany urged to reduce tax on the sale of art
ARTinvestment.RU   17 марта 2020

According to the German Association of art-дилеров, this measure will allow to improve the situation on the art-рынке, suffering from restrictive measures relating to the pandemic Covid-19

One of the largest art-ярмарок Germany Art Cologne, in connection with the latest events, ported from April to end of November 2020. For the German Association of art-дилеров this event was the last straw in a string of cancellations, postponements and closings of the exhibition and commercial activities.

"the Abolition of the fair Art Cologne in April — serious blow to art-рынку Germany, — said in a statement the Association. — In connection with the coronavirus pandemic and the associated decline in sales from-за cancellation, disruption or postponement art fairs, events and exhibitions galleries are experiencing additional economic hardships. [The state] are required to mitigate further impacts to avoid irreparable consequences for the galleries".

And this mitigation from the state of German art-дилеры see a reduction of the tax on the sale of works of art from today's 19 to 7 %. I must say, this is not the first attempt to seek similar tax breaks once in 2014, the German government voted for the liberation of the art market from low, 7%-ной tax rates, which the market used for a long time.

dealers Association and today calls the move "a fatal mistake" that led to "the closure of small and medium-sized galleries" in Germany and to the fact that "collectors simply buy the work of artists in international galleries" from-за high taxes in the country. In 2018, the newly elected coalition government tried to go back to the idea 7%-ного tax on works of art, but no further action has been taken.

last Thursday, March 12, the Minister of culture of Germany Monica Gruetters said that the Federal government will assist in the stabilization of the economic situation of the companies in the field of art and culture. But the issue of reducing the tax rate in the statement was not raised.

the Material was prepared by Maria Kuznetsova, AI

Source: news.artnet.com