Vat and other tax information for buyers

Buyer’s premium

The purchaser will pay a buyer’s premium that is added to the hammer price of every lot and calculated as follows:

 20.49% on the first €100.000 and 18.03% on any amount exceeding €100.000. These rates do not include the 22% V.A.T. in addition also to the V.A.T. that may be due on the hammer price (see the following paragraph Value Added Tax).


Value Added Tax

The purchaser will pay 22% V.A.T. on the hammer price. The final price is therefore composed of the hammer price plus a total of 25% on the first €100.000 and 22% on any amount exceeding €100.000.

 

Lots with symbol

Lots with the symbol (*) have been entrusted by Consignors subject to V.A.T. and are therefore subject to V.A.T. as follows:


22% on the hammer price and

22% on the final price.

In this case the percentage will be 47% on the first €100.000 and 44% on any amount exceeding €100.000.