Spain Slashes Sales Tax on Art; From 21% to 10% to Stimulate the Cultural Industry

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ARTDAILY
Women look at the paintings "Ticio" (R) and "Ixion" (L) (1632) of Jose de Ribera at the Prado National museum
SPAIN---Spain's government Friday slashed a tax on sales of works of art as a "first step" to help the cultural industry, which has been howling about the impact of a 21-percent sales tax. Prime Minister Mariano Rajoy's conservative government decided at a ministerial meeting to cut the sales tax for works of art by more than half, to 10 percent. The sales tax on art works in France was 10 percent, Germany seven percent and Belgium six percent, she said. [link]

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