An investment in art enhances the value of a company's assets, differentiates it from others, and enhances its image with its partners, employees, and customers.
The provisions of the law on sponsorship provides several advantages to companies and businesses subject to taxation.
Sponsorship allows them to obtain tax breaks if they exhibit on the premises works by living artists for five years.
The tax deduction amounts to 0.5% of its annual income. The company's financial department or its accounting firm can coordinate the program.