Does the artist (art centre acting as an agent) charge GST on the sale price of the artwork?
If an artist is not required to be registered for GST, the artist will not include GST in the sale price of the artwork. If the artist is registered, the artist will include GST in the sale price. Does the art centre charge GST on its commission? If an art centre is registered for GST, it includes GST in the commission fee. The artist can claim a GST credit if they are registered for GST. If the art centre is providing a service to the artist, the art centre agrees to sell the artwork and pay the proceeds to the artist in return for a fee (usually deducted from the sale proceeds). When is a buyer required to withhold amounts from an artist? According to the pay as you go (PAYG) withholding system, the buyer must withhold 46.5% of the payment for the artwork if: • an artist fails to quote an ABN, and • an artist is in business and the buyer purchases their artwork in the course of their business (for example, a purchase made by a commercial gallery).
Related Questions
- I curate a gallery space or art centre in Australia and am interested in presenting a visual artist from the UK. How do I apply to the British Councils Grants-to-Artists programme?
- In Scenario 2, if the contract settles as expected, does GST apply to the: (a) sale price; (b) non-refundable deposit; and (c) licence fee?
- What’s an FBI Field Agent?
