Video: Giuli: “With VAT lowering on the art of art at 5% Italy returns protagonist of the sector”

“Italy was already the protagonist in the art market. Now, with the lowering to 5% of VAT on the trade of works of art, the system will be able …

Written by: Jack Williams

Published on: June 23, 2025

“Italy was already the protagonist in the art market. Now, with the lowering to 5% of VAT on the trade of works of art, the system will be able to compete with equal arms and demonstrate the extraordinary qualities by relaunching a supply chain that will produce an economic induced more than billion euros. And therefore it is a bet, but we know well that it is a bet that will generate income, work, development, as well as an extraordinary reputation of all our artistic and commercial sector” The Minister of Culture Alessandro Giuli on the sidelines of the conference in which he announced the measure issued by the Council of Ministers regarding the lowering of VAT on the art trade at 5%. (Alexander Jakhnagiev)

Jack Williams

Jack Williams established himself as the editor-in-chief of The Vermilion with rigorous journalistic traits and an incessant quest for truth. His career began as an investigative reporter, where he quickly gained a reputation for his in-depth research and insightful articles. Williams takes his role at The Vermilion very seriously. Since he became editor-in-chief, he has set an editorial line based on impartiality, factual accuracy, and context relevance; this has established The Vermilion as a reference for political, economic, and global news. Under his leadership, the media continues its mission of reporting news with accuracy and equanimity, giving a voice to those who are often overlooked by large-scale media. Jack dedicates himself to fulfilling this mandate with passion, rigour, and unwavering determination.