Tax legislation usually gives special treatment to the art and culture sector, largely to encourage artistic production and foster economic transactions in a field capable of generating wealth and resources for the country’s coffers. In taxation, some aspects must be taken into account, such as:
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► Indirect taxes on the purchase of artworks (direct purchase to the artist, buying to a professional)
► Capital gains for acquisition of a work and its reflection in the annual tax returns
► Taxes on international transactions
► Taxes in case of a transaction Inter Vivos or Mortis Causa
► Tax payment on works classified as Historical Heritage
► Taxation applicable to donations for patronage purposes
► Cultural activities and services that benefit from tax exemptions
► Taxation of non-profit cultural institutions
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