Acquisitions of contemporary works of art
Companies that acquire original works from living artists and register them in a fixed asset account may deduct from the taxable amount of the acquisition year and the following four years, by equal amounts, an amount equal to the acquisition price. The deduction thus made for each financial year may not exceed the limit of 0.5% of turnover minus the payments made under corporate patronage.
The original works of living artists are also excluded from the professional tax base.
During the entire deduction period, the works thus acquired must be exhibited in a place open to the public or simply to employees and / or clients of the company, excluding offices. Five years after purchase the artwork is at your disposal.