Uplatnění DPH u obchodování s uměleckými díly

This diploma thesis focuses on the value added tax which is charged while trading in works of art, collectors' items and antiques. The aim of this text is to describe the scheme of the value added tax on the art market. For the art dealers there is a special scheme established by the law. This special margin scheme differs from the basic scheme, mainly because of the different calculation of the taxable amount. This scheme allows the dealers to calculate the VAT on the value they add to the good they sell, rather than on the full selling price. The following text analyses which goods can be sold under the special scheme, how the scheme works, how to calculate the margin and what records must be kept by the entity. There is also no right of deduction while using the margin scheme. The use of the scheme is optional and the subject can always decide to account for VAT on the full selling price for the each work of art separately. Therefore the examples in the third part of this thesis explain the pros and cons of each scheme. The examples show the calculation of the chargeable VAT for the art dealers in the Czech Republic as well as in the European Union and third countries. It is also shown how to fill up the VAT return.