Deduct purchase of art | Galleri A.Lang

Do you know that you can deduct the purchase of art from your company accounts?

"If the purchase price is DKK 31,000 (2022) or less per work, the company can deduct the entire amount in the year in which the artwork is purchased."

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Knowledge about - tax and VAT:

Art with tax benefits

"To support artists, there is a very special set of rules in the tax rules, which under certain conditions gives companies the right to deduct or write off expenses for the purchase of art. Here we give an overview of the most important parts of the rules."

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