The move comes ahead of a series of planned reforms to improve competitiveness within the Italian art market

Tax-friendly freeports and free trade zones are gaining in popularity with those wishing to avoid tariffs and new EU regulations

While a 22% VAT rate is a pressing issue for the art trade in Italy, the country is also benefitting from the arrival of wealthy individuals from the UK

Temporary Admissions, where goods can come into the country without import duties, increased to four years to help post-Brexit art market

The 31st edition of the contemporary art fair sees Italy's art market players cross their fingers—or fear for the worst

While a long-awaited cut to value-added tax this January has been welcomed, Germany’s contracting economy has “scared” a number of gallerists, says director of world’s longest-running art fair

New directive aimed at aligning VAT rates, due to come into force at the beginning of 2025, could have a big impact on galleries in countries including France and Germany

The reduction, which comes into effect next year, meets long-standing demands from German dealers

Scheme involves inflating value of donated works to claim bigger tax deductions

The London commercial gallery is now under the control of insolvency practitioners after a petition from Barclays Bank

Proposal follows EU directive to align import sales tax among member states, causing alarm in France which currently has the lowest rate

Donor Advised Funds allow individuals to claim tax relief while they are still alive through making gifts of art and other assets—without obligation to pay out money to charity straight away

Possible penalties for donors and heirs make the process of determining the value of artworks a high-wire act

The directive will make selling art in France much more expensive—and imperil its post-Brexit position as the EU's market hub

On the anniversary of the UK's departure from the European Union, dealers and politicians warn Britain is slipping behind its competitors as a cultural leader

Italian Lanfranco Cirillo—whose 150-strong art collection was seized last year—will be tried in absentia by an Italian court next month for tax and money laundering crimes

While the relative weakness of the pound this season has given Americans at Frieze more buying power, many other factors may prevent them from making major purchases

Although taxing non-fungible tokens is tricky because of uncertainty over where they are sourced, other states look set to follow Washington’s lead

Lanfranco Cirillo, who is currently in Moscow, is under investigation for tax crimes

The art reportedly includes "more than a dozen" works by Banksy bought by the London-based financier, Maurizio Fabris, via an offshore trust in New Zealand since 2009

Attorney general claims the auction house created and used tax exemption certificates that falsely presented the buyer as an art dealer in order to dodge payments. Sotheby's says it will continue to contest the case

Lobby groups fear abolishing tax-free shopping will deter buyers from China, the Middle East and Russia at a cost of £6bn

National scheme gains significance in the pandemic as "a shift away from blockbuster touring shows" will place greater importance on public collections

As talks with the EU resume to reach a last-ditch trade deal, the lawyer Louise Williamson looks at what UK import rules might look like after 1 January

The real estate developer died on Tuesday aged 92. His collection in New York has been parodied for being almost impossible to visit despite receiving tax breaks

Auction house "vigorously refutes the unfounded allegations" made by the attorney general, who claims the auction house knowingly aided the offshore company Porsal Equities

The Brazilian arts park signed an agreement in 2016 to donate 20 works from its collection to the government in order to repay Bernardo Paz's $110m tax debt for laundering donations

Switzerland's Federal Criminal Court ordered documents unsealed that call into question whether the dealer declared all profits from sales made to Dimitry Rybolovlev

The coalition is asking for $6bn in federal aid, and to permanently expand the charitable giving deduction to encourage US taxpayers to donate to non-profits

Manhattan prosecutors say the auction house failed to collect sales tax on $189m in private sales over five years