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DNA, værdier & visioner
i et mix af farver, fotos, grafik og collage
Copyright
General terms of commerce
Rules of deduction art
Rules of deduction
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VAT registered companies who purchase art in order use it as decoration in the business can as a principal rule deduct the VAT.
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All expenses for the purchase of brand-ART's artwork can be written off by up to 25% annually by companies on equal terms as inventory, as per the so-called balance method.
A full deduction can be made in the year of aquisition regardless of time of purchase.
According to applicable rules the art piece must be a first time purchase and be purchased directly from the artist.
Reproductions are not covered in these rules, which means that any prints of the original piece cannot be deducted.
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Find out more HERE
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