The net purchase price consists of the hammer price plus 20% buyer’s premium or, if the bid is placed via LIVEAUCTIONEERS, plus 25% buyer’s premium respectively.
For lots remaining inside the EU and not being marked with * in the catalogue the premium is 24% and 30% if the bid is placed via LIVEAUCTIONEERS or Invaluable. For lots remaining in Austria and marked with * in the catalogue, VAT with respect to the hammer price and the buyer’s premium is due and payable at the statutory rate (full taxation). The basis for calculating VAT is the hammer price plus the buyer’s premium. For deliveries to entrepreneurs in other EU countries, the tax exemption for EU intracommunity acquisition applies, if the buyer provides his VAT-number and all data necessary for the (transport)documentation. Deliveries to non-entrepreneurs (private individuals) in other EU countries will be subject to Austrian VAT at the time of collection of the lot. If Leica Camera Classics GmbH delivers lots marked with * in the catalogue to non-entrepreneurs (private individuals) in other EU countries, the VAT mail order-regulations apply and VAT at the rate applicable in the country of destination will be charged. For deliveries to EU third countries, the tax exemption for export deliveries shall apply both for deliveries to entrepreneurs and private individuals provided that the buyer closely collaborates in obtaining all necessary documents, in particular export customs declarations, and further provided that all legal requirements are met (no domestic domicile of the buyer who is collecting the lot, in the event of tourist exports no buyer’s domicile in another EU country, e.g.).
Lots not marked with * in the catalogue attract Austrian VAT at the rate of 20% according to the differential taxation principle irrespective of whether the lot remains in Austria, is delivered to other EU countries or to countries outside the EU. A waiver of the application of the differential taxation principle resulting in the taxation according to the general rules (see paragraph above) is permitted, if the buyer notifies Leica Camera Classics GmbH accordingly and collaborates with Leica Camera Classics GmbH in obtaining all documents necessary for tax-exempt exports (EU intra-community deliveries, export deliveries).
Import VAT and customs duties accruing abroad will be borne by the Buyer. Invoices issued during or immediately after the auction are subject to verification; errors are reserved.
