Tax exemption for the purchase of works of art for companies

Reducing its corporate tax by buying a work by Cédric Bescond The purchase of a work of art is entirely deductible from the result of the business and thus reduces the amount of corporate tax. According to Article 238a of the General Tax Code, companies that purchase original works of art from living artists and enter them in a fixed assets account may deduct from the result of the acquisition Four years, in equal parts, an amount equal to the purchase price. This deduction is limited to 5 per thousand of the H.T turnover for the year …

Sponsorship Becoming a patron, gives you the opportunity to deduct the donations made on your contributions and taxes, as is also done for associations. Becoming a patron does not require a personal fortune and the sums allocated to this action of support to the art and the artist can be relatively reduced …