By continuing your navigation on this site, you must accept the use and writing of Cookies on your connected device. These Cookies (small text files) make it possible to follow your navigation, to update your basket, to recognize you during your next visit and to secure your connection. To find out more: http://www.cnil.fr/


close

CONTEMPORARY ART - COMPANY - TAXATION 

 

Companies, businesses, small enterprises and liberal professions can since 2003 in France, to reduce their taxes by buying original works of art of alive artists.
The law 2003-709 of August 1st, 2003 concerning the Corporate sponsorship allows those who acquire original works of art of alive artists to benefit from a 100 % tax reduction within the limits of 0,5 % of their turnover.
This law aims at relaunching the market of art in France.
The tax deduction is made by equal fractions over 5 years.
To benefit from this deduction, the company must exhibit the work in  a place accessible to the public, or to the employees for the period corresponding to the exercise of acquisition and in the next 4 years.
Speak about it with your chartered accountant or your tax consultant…