Brussels, 22/07/2016 (Agence Europe) - On Friday 22 July, the European Commission sent two reasoned opinions to Austria, calling upon the country to make changes to some of its tax rules.
Firstly, the Commission is asking Vienna to change its rules on the VAT treatment of resale rights of works of art. In Austria, VAT is charged on the resale of works of art. As there is no contractual relationship of any kind between the buyer and the artist, the Commission considers that this is an...