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Italy has slashed the value added tax (VAT) on art sales from 22 per cent - the highest rate in the European Union - down to 5 per cent - the lowest in the EU.

For years, Italy’s postwar and contemporary art scene was hampered by a 22 percent VAT, but the recent VAT reduction could boost the competitiveness of Italian art. Photo by Emanuele Cremaschi ...

Italy lowers VAT on Art to 5 PercentItaly is preparing to cut the VAT rate on art sales from 22% to 5%, responding to mounting pressure from the national art market and increased competition from ...

Market Artists Slam Italy’s 22 Percent Art Tax—and More Art Industry News Plus, Carroll Dunham departs Gladstone Gallery and Trump's new tariffs prompt shipping concerns.

A rising generation of Italian women artists are crafting work that firmly sets Italian contemporary art within global discourse.

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