ITALY, REDUCED VAT RATE OF 10% AND ARTWORKS

With ruling no. 303 of 2 September 2020, Italian Tax Authority provided clarifications in in relation to artworks and reduced VAT rate of 10%.

In particular, artworks are those for which, due to the procedure adopted and the quantity of objects produced, specific conditions are matched, as listed in Tabella, attached to D.L. n. 41/1995, including that they are made entirely by the artist.

Where those are not performed entirely by the artist but made, in whole or in part, through the use of mechanical procedures, such as 3D printers, FDM 3D modeling software, as well as with the help, in some cases, of other subjects who make use of the same technology, the conditions required for the application of the reduced VAT rate of 10% cannot be found.

Our staff is available for any clarification.