Galerie Karsten Greve. Option to apply margin scheme for art dealers when art is supplied by legal person attributable to creator and supply constitutes as first market introduction

In GALERIE KARSTEN GREVE (C-433/24), the Court of Justice of the European Union (hereinafter: ‘CJ’) confirmed that the special arrangements for value added tax (VAT) in relation to the resale of works of art acquired from their creators also apply in cases where the work of art in question was supplied by its creator through a legal person. Furthermore, the judgment specified the conditions for the application of these arrangements. This confirmation follows a request for a preliminary ruling from the Conseil d’État (Council of State, France).