How do artists from countries other than NZ benefit from resale royalties?
RRA collects royalties for artists when they make a qualifying in Aotearoa New Zealand, and vice versa. Currently RRA has agreements with Australia, The United Kingdom, many countries in the European Union and Uruguay. A full list of reciprocating countries can be found here: Sister societies | Resale Royalties
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Getting your resale royalties payment
The timeline for getting your resale royalty: The AMP reporting the resale has 60 business days to do so. Once the report has been reviewed by our research team, the royalty will be either approved or declined. Any approved resales will then be ...
Should a resale involving an artist from overseas be reported to Resale Royalties Aotearoa (RRA)?
Yes, any qualifying resale of an original artwork, regardless of the artist’s country of origin, must be reported to Resale Royalties Aotearoa (RRA). Our role at RRA is to assess the eligibility of the artist and verify the validity of the resale ...
What is IRD tax guidance for artists?
Artists are entitled to receive a payment each time their art is resold (a resale payment). These payments may be taxable. If you are an artist who was in business when your artwork first sold, you need to pay income tax on resale payments for that ...
How much is the resale royalty payment?
The amount is the same for both eligible artists and successors, a 5% royalty will be collected for eligible artists each time there is a qualifying resale of their original visual artwork. The collection and distribution of the payment is managed by ...
Is a Resale Royalty applicable to artworks sold at a charity auction?
Yes, a qualifying resale of an original artwork sold as part of a charity auction is still subject to the artist’s resale royalty right. While the auction house or vendor may choose to waive their own fees or commission as a business decision, this ...