Local film producers, humiling ng moratorium sa paniningil ng 10% amusement tax ng mga LGU | UB - video Dailymotion

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00:00 Local film producers were asked to join the moratorium

00:05 on the collection of amusement tax from local governments.

00:09 Here's the first news from June Veneration.

00:11 Some of the local film producers and the movie industry

00:18 have asked Interior and Local Government Secretary Benjor Abalos

00:21 for help in solving the problems of the Filipino film industry.

00:27 Just like the 10% amusement tax imposed by local governments.

00:32 If there's a tax holiday like this,

00:35 maybe we can raise the budget of making films

00:39 to make it better.

00:40 Because of course, we also have to fight for the products of other countries.

00:45 Our dream is for us to be like Korea, right?

00:47 But we can't do that without the support of government.

00:50 Filipinos first, they say. Let's put ourselves first.

00:54 If we don't love our industry,

00:58 maybe we'll be left alone.

01:00 And what about the workers here?

01:02 A film producer placed the cost of their income

01:06 in the production of the film.

01:08 For example, if a film earns P100 million in the box office,

01:13 it reduces the 10% amusement tax.

01:16 The remaining 90% will be divided by the producer and cinema operator.

01:21 The remaining 45% will be taken by the producer.

01:24 The 5% to 20% booking fee will be given to the distributors.

01:28 And there's also a 12% value-added tax.

01:31 Effectively, for every P100 million,

01:34 the producer gets approximately P35 to P37 million net.

01:40 Not all films reach P100 million.

01:43 For the year 2023, most films

01:46 gross from the average of P2 million to P12 million only.

01:51 Secretary Abalos said he will talk to the local chief executives.

01:56 I commit, I will talk personally with all of the mayors of Metro Manila.

02:02 Maybe we can just zero it.

02:05 Let's help for the next 3 years so they can get back on their feet.

02:08 That's what we're asking from all local government units.

02:13 Abalos, the city of Mandaluyong under his father, Mayor Benjamin Abalos Sr.,

02:19 will support the 3-year moratorium on amusement tax for local movies.

02:25 Abalos will also talk about piracy,

02:27 a problem that movie producers are also facing.

02:30 The movie industry in PNP and other government agencies

02:34 are 100% dependent on help.

02:37 Stop it. You can't help. You're pitiful to the industry.

02:41 GMA Films President and GMA Network SVP,

02:45 Attorney Annette Gozon Valdez,

02:47 the producers are very proud of the success of the last Metro Manila Film Festival.

02:53 That's why they're doing things to keep the local movie industry going.

02:58 Films in the Philippines are part of our arts and culture.

03:02 We have to preserve it, we have to love it.

03:05 We will do everything to keep the Filipino movie industry alive.

03:11 This is the first news.

03:13 June Veneration for GMA Integrated News.

03:17 For the latest news, subscribe to GMA Integrated News on YouTube.

03:22 For those abroad, follow us on GMA Pinoy TV and www.gmanews.tv.

03:29 (music)

03:34 (music)

03:39 (upbeat music)

Local film producers, humiling ng moratorium sa paniningil ng 10% amusement tax ng mga LGU | UB

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