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RSS FeedsTaxation: Commission refers Austria to the Court of Justice over the VAT treatment of resale rights of works of art
(WorldNews Entertainment)

 
 

7 december 2017 12:07:41

 
Taxation: Commission refers Austria to the Court of Justice over the VAT treatment of resale rights of works of art
(WorldNews Entertainment)
 




The European Commission has decided to refer Austria to the Court of Justice of the EU for incorrectly applying Value Added Tax (VAT) to royalty payments paid to artists for the resale of works of art. The resale right - which gives rise to what are commonly known as `royalties` - is an unassignable and inalienable property right enjoyed by the author of an original work of...
 
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