In order to benefit from these advantages, some conditions must be respected... The works must imperatively be realized by living artists at time of purchase. These must be displayed in a location accessible to employees, customers or suppliers, excluding personal offices, during the depreciation period of art works (i.e. 5 years).
The amount of the tax deduction made for each financial year may not exceed 5 per thousand of the company's annual turnover and the deduction will be 20% of the purchase price of the work for 5 years.
Example: A company that closes its financial year on 31 December acquires art works in March 2016 for a total amount of 15 000,00 euros. This company will be entitled to deduct from its taxable income for the financial years 2016, 2017, 2018, 2018, 2019 and 2020, the sum of 3 000,00 euros within the limit of 5 ‰ from its turnover, i.e. 100%
Now, you can choose to benefit of this advantage and then reduce your tax. Do not hesitate anymore, discover full of original and unique artwork. Contact us to order your art work, we'll send them as fast as possible directly in your premises !