Tax
VAT
- Each member state sets its own VAT rates. The standard rate must be at least 15%.
- The VAT Directive lets dealers in works of art use a margin scheme, and lets member states apply a reduced rate to some sales and imports of works of art.
- A sale of goods to a VAT-registered business in another member state is usually exempt in the country of sale, and the invoice shows both VAT IDs.
Sources: European Commission: VAT rates · EUR-Lex: VAT Directive 2006/112/EC