Laura Villarraga, Of Counsel at Kepler-Karst, offers an in-depth analysis in El Confidencial of the VAT regime in Spain’s art market, comparing the country’s tax framework with that of other EU member states.
In her article, she analyzes how Italy’s recent reduction of VAT on art sales to 5% puts the country at the forefront of the European market, while Spain maintains a 21% rate—creating a significant disadvantage for Spanish galleries, artists, and collectors. The text explores the implications of this fiscal difference and outlines the current challenges facing the sector in Spain.
Read the full article here.
Access the Spanish version here.
