Finland Tax Agency Updates Guidance on VAT on Art, Collectibles, Antiques

The Finnish Tax Administration Jan. 1 issued Guidance No. VH/7300/00.01.00/2025, on the VAT treatment of art, collectors’ items, and antiques. Updated topics include that: 1) the reduced VAT rate applicable to qualifying art works is decreased to 13.5 percent, from 14 percent, effective Jan. 1; 2) the reduced rate applies to qualifying art works meeting the statutory definition, including first sales by the artist or the artist’s right holder; and 3) corresponding changes apply to qualifying intra-EU acquisitions and imports of art works where the reduced rate is applicable. The guidance is valid from the same date, and replaces Guidance ...