KPMG Guide on Taxation of art

Foreword

This is the first part of a KPMG series dedicated to taxation of certain less common alternative investments. This edition is dedicated to taxation of art and it also includes an overview of the contemporary art market, by one of the specialists in this field.

Investing in art may have certain tax implications, and a detailed understanding of these implications is as important as the actual selection of the works of art. The KPMG Guide on Taxation of Art helps

art enthusiasts, as well as experienced art collectors assess the tax implications of dealing with art.

KPMG’s Guide on Taxation of Art also aims to help private art collectors and investors navigate the current art market environment in Romania and the world and potentially identify early-stage emerging trends for art acquisition opportunities. Stay tuned to the latest market trends that might have an impact on your next investment decision.

Contact us

Mădălina Racoviţan Partner, Head of People Services Tel: +40 (372) 377 782 Email: mracovitan@kpmg.com

René Schöb Partner, Head of Tax and Legal Tel: +40 (372) 377 800 Email: rschob@kpmg.com

Tudor Grecu Partner, Head of Financial services Tel: +40 (372) 377 910 Email: tgrecu@kpmg.com

© 2019 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Romania.