Vat and other tax information for buyers

BUYER’S PREMIUM AND VAT
A buyer’s premium will be added to the hammer price amounting to:
- 25% up to € 250,000
- 22% on any excess amount.
These percentages shall include VAT in accordance with current regulations.

Wine and Spirits Departments
For the lots of the Wine and Spirits Departments, the purchaser will pay a buyer's premium that is added to the hammer price of every lot and calculated as follow:

- 18.44% + VAT = 22.5%

Lots marked * in the catalogue

The sale of lots marked * and subject to ordinary VAT will instead be increased as follows:
- 22% VAT on the hammer price
- 25% buyer’s premium up to € 250,000 and 22% on any excess amount (the buyer's premium for the Wine and Spirits auctions is 22.5% VAT included)

Sales carried out by virtue of mandates without the power of representation that are stipulated with VAT subjects and involve goods for which the tax has not been deducted at the moment of purchase shall be subject to the VAT Margin scheme pursuant to art. 40 b) of Italian Legislative Decree 41/95.