In order to do so, the artworks must be in a place accessible to all the employees, throughout the next for years after its acquisition.
Imagine a compagny that obtains three artworks with MyArtMakers in 2014 for an amount of 100 000€. This society will deduct 20 000€ of it's imposition from 2014 to 2018, in the 5% limit of its annual turnover.
The artwork must be saved in an adjustment account. The deduction will then be detained in a special reserved account. The price of the artwork will be deducted on taxes in a non-accounting way from the acquisition date and the four years after, dividing the amount equally every year. The deduction amount must be subscribed to a special reserved account passive from the society.
If you want to separate yourselves from an artwork obtained with us, or if you want to carry out a deduction on the special reserved account, the amount deducted will be reintegrated in the taxable year.
This deduction is carried out in equal parts after the annual tax results and the four years after for bought artwork starting from 1.1.2002 (or the nine or nineteen years after for other following artworks that were bought on the 1.1.1994 or before).