Combine business and pleasure by reducing your taxes through the purchase of original artwork.
This is an opportunity to bring pleasure and excitement to your employees and customers, to boost your image and to enhance your offices!
In France, for example, certain conditions are mandatory in order to benefit from these advantages... Artworks must be created by artists who are still alive at the time of purchase. These must be exhibited in a place accessible to employees, customers or suppliers, with the exception of personal offices, during the five year amortization period of the work.
The amount of the tax rebate allowed for each fiscal year cannot exceed five per-mille/5‰of the annual turnover of the company and the rebate will amount to 20% of the purchase price of the piece of art over five years.
Example: A company whose fiscal year ends on December 31 acquires artworks to a total amount of €15,000 in March 2016. The company will be entitled to a rebate on its taxable income for 2016, 2017, 2018, 2019 and 2020. In each of those tax years the company can claim 5% of turnover up to a maximum of €3,000.
Now that you know everything it takes to qualify for this tax exemption, don’t hesitate! Discover our many unique and original artworks, order online or from a gallery and have them delivered directly to your offices!